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Oil and Gas Economics and Uncertainty

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Course Credit: 0.15 CEU, 1.5 PDH

Just about all petroleum engineers know how to calculate the basic econometrics: Internal Rate of Return (IRR), Net Present Value (NPV) and Profitability Index (PI), as well as other calculations such as earnings, cash flow, etc. However, at the outset, does one actually know the parameters used in the calculations? Is there any uncertainty in costs, production rates and future product prices? In summary, oil and gas professionals work in an uncertain world with significant unknowns at every turn. This webinar will give an engineer a few tools and thoughts on how to quantify and think about their unique situations so that they can better serve their companies, the industry and society at large. Presented by Rodney (Rod) Schulz

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 1 chapter
  1 downloadable resource

Course Chapters

  • 1Oil and Gas Economics and Uncertainty - Chapter 1
    Media Type: Video


Earn credits by completing this course0.15 CEU credit1.5 PDH credits


Rodney Schulz