The oil and gas industry has an enormous impact on all aspects of daily life. Individuals, corporations, and national governments make financial and policy decisions based on the cost, use, and availability of these two natural resources. This two-week course looks at the two most fundamental aspects of the oil and gas industry, its operations and markets, each of which is addressed as a separate module in the course. In the operations module, the course provides an overview of the production of oil and gas, from initial exploration to final transport. The second module focuses on the forces that drive the industry's operations, the oil and gas markets, including the cost of wells, seasonal impacts on prices, and the role of oil reserves. After every lesson, learners will take short quizzes to test their newly acquired knowledge, participant in crowd-sourced discussions about global markets, and complete a final project.
Oil & Gas Industry Operations and Markets
Offered By
Duke University
About this Course
4.7
1,205 ratings
Skills you will gain
EnergyGeologyDirectional DrillingEnhanced Oil Recovery
Syllabus - What you will learn from this course
Week
1Oil and Gas Operations and Technology
In this module, you will learn about the core activities that the Oil and Gas Industry executes to bring natural gas and petroleum products to market. We will look at the exploration and production of oil and gas, the processing and refining of the oil and gas into useable fuels and other valuable commodities, and finally the transport of oil, gas, and petroleum products from wells to refineries to retail outlets.
16 videos (Total 77 min), 4 quizzes
16 videos
Oil and Gas Sources2m
The Hydrocarbon System6m
What Makes for a Good Reservoir Rock3m
Exploration Tools and Methods3m
Aquiring Mineral Rights8m
The Drilling Process10m
Prospect to Play2m
Production Over Time4m
Enhanced Oil and Gas Production2m
Processing Natural Gas3m
Crude Oil Distilation5m
Additional Refining Processes5m
Oil Midstream6m
Natural Gas Midstream4m
Liquified Natural Gas3m
4 practice exercises
Oil and Gas Exploration18m
Production16m
Processing and Refining16m
Transport16m
Week
2Oil and Gas Industry Markets
In this second module, the course shifts to the markets that drive Oil and Gas Industry operations. You will learn about the various costs of the core oil and gas industry activities, the factors that determine the prices that oil, gas and petroleum products sell for, and the effect that the amount of oil and gas remaining in the ground has on the future viability of individual companies to the Industry as a whole.
14 videos (Total 71 min), 4 quizzes
14 videos
Well Drilling and Production Costs5m
Well Cost and Revenue Sharing4m
Well Cash Flow2m
Transport, Processing and Sales Costs6m
Benchmark Costs4m
Supply, Demand, and Price Elasticity6m
Seasonal Impacts on Oil and Gas Prices6m
Short-Term Constraints on Prices4m
Types of Prices7m
Original Oil and Gas in Place4m
Resources vs. Reserves5m
Access to Conventional Reserves5m
Additional Types of Unconventional Resources5m
3 practice exercises
Oil and Gas Markets - Costs16m
Oil and Gas Markets - Prices16m
Oil and Gas Markets - Future of O&G16m
4.7
318 Reviews41%
started a new career after completing these courses
26%
got a tangible career benefit from this course
16%
got a pay increase or promotion
Top Reviews
By LC•Dec 2nd 2017
I was very happy with this course. Gave me a good insight into the business side of things in O&G. Strongly recommended if you want to find out a little bit about O&G and are new to the industry.
By JO•Jun 9th 2017
Excellent course, especially for people practicing in the oil and gas industry. Gives you a broader view of various factors that affect operations in the industry. I highly recommend the course.
Instructor
Lincoln Pratson
Gendell Professor of Energy & EnvironmentNicholas School of the Environment
About Duke University
Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
Will I receive a transcript from Duke University for completing this course?
No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
More questions? Visit the Learner Help Center.
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