Energy Asset Management

This course introduces double-entry bookkeeping, including journalizing, posting to the ledgers, completing a trial balance, and preparing financial statements, and journal entries for GST.

This course presents an overview of the history and development of the Canadian legal system. Learners will apply the legal principles of business and oil and gas law to practical problems involving contracts, liability, property, business organization, and oil and gas transactions.

Professional Communication and Presentation Skills will introduce learners to the professional writing, collaboration and presentation skills needed to be successful in their chosen field. Learners will gain an understanding of the strategies and competencies required for effective communication with an emphasis on developing the interpersonal skills needed to perform as part of a high-functioning team. Coursework will require learners to work in individual and collaborative settings.

Equivalents:

• COMM 265

Communication Skills II is designed to provide learners with advanced business communication skills. Learners will apply business writing skills to prepare and proofread written communications, contracts, and reports. There will be a focus on collaborative work environments and digital communications. Learners will apply the skills of effective meeting management including formal and informal meetings. Course work will require learners to apply the concepts of internal/external clients and customer service within communications practices.

Pre-requisites:

• COMM 256

This course covers information technology concepts including business IT systems, internal and external internet policies. The learner will be introduced to the ethical considerations of intellectual property, information privacy and emerging business technologies with some focus on Microsoft products. The learner will apply fundamental concepts, terminology and scope of data/records management related to energy and specifically energy asset management and related software applications. Topics will include retention, archiving and governmental records management requirements.

This course will explore the origins of crude oil and natural gas through to the development, production, marketing and well abandonment cycles. The learner will gain an understanding of the role of stakeholders, economics, environmental responsibilities and Canada’s role on the world stage. The learner will be introduced to Energy Asset Management. The focus of this course is the interdisciplinary collaboration between well asset management, mineral and surface land, joint ventures and accounting (production and operations). The learner will gain an understanding of the mutual interdependencies between these non-technical disciplines and the technical disciplines such as Engineers, Geologists, Geophysicists and Landmen.

This course will introduce the learner to the major legislative and regulatory bodies within the oil and gas industry. The student will gain the knowledge to understand, complete, apply and validate the necessary agreements. Specific attention and detail will be spent on the Energy Resources Conservation Board (ERCB), as it is the front line of regulatory process in Alberta’s oil and gas industry. This course will provide the learner with a relevant and intuitive introduction into oil and gas regulation from an operational perspective.

Pre-requisites:

• EAMG 250

This course will concentrate on the asset life cycle and will get into the details of what an operations accounting department at a typical energy organization would do during each phase of the cycle. This specifically applies to the production and maintenance cycles and time is spent on production accounting and areas such as booking volumes, royalty payments, Crown royalty, royalty deductions and other related functions.

Pre-requisites:

• ACCT 352

Energy Asset Management - Pre Acquisition & Acquisition provides an overview of the required preparation involved in acquiring land as well as the decision making and work processes involved in attainment of assets. This course will assist the learner in understanding the partnerships, agreements, assessments and financial support roles that the well asset management, mineral and surface land, joint ventures and production/operations accounting disciplines play in supporting the pre-acquisition and acquisition phase of the asset management life cycle.

Energy Asset Management Drilling and Completion will introduce learners to the active phase of well development. Learners will gain a general understanding of technical field processes and how these field processes relate to stakeholders, partners, and corporations. The learners will explore the information sharing processes that support drilling and completion business process management. This course will focus on the interdisciplinary coordination of tracking, analyzing, and well monitoring activities, the land and mineral operating procedures, partnerships, as well as accounting processes. Additionally, future oil and gas drilling innovations will be explored.

Pre-requisites:

• EAMG 210

Energy Asset Management - Maintenance will examine the energy asset management interdisciplinary involvement in partnerships, leases, royalties, payments, regulatory reporting, rental reviews, and the monitoring and reporting of the ongoing activities of facilities. This course will include topics such as energy regulatory bodies and environmental impact concerns relating to the management of assets. Emphasis will be placed on the practical application of support to maintain oil and gas assets.

Pre-requisites:

• EAMG 220

The interdisciplinary capstone course develops the ability to think strategically about energy asset management. Learners will apply research, critical thinking skills, communication and presentation skills.

Pre-requisites:

• EAMG 300
• EAMG 306
• PROJ 399

Equivalents:

• EAMG 360

Energy Asset Management Production Facilities will introduce the learner to the asset life cycle phase where infrastructure is built in order to prepare and transport a quality product to market. Production Facilities represent the activities that happen above the ground and involve agreements, negotiations, as well as confirmation and fulfillment of contractual obligations. Production Facilities will emphasize compliance reporting to regulators for infrastructure development and the processes involved in recording business transactions.

Pre-requisites:

• EAMG 255

Equivalents:

• EAMG 305

EAMG 350 - Production introduces the learner to a wide scope of production activities. This course will focus on the interdisciplinary coherence that must occur in order to manage the changing internal and external asset life cycle factors. Production is a dynamic time and the learner will gain an understanding of changing regulatory requirements, environmental issues, ownership changes, and the processes and activities that optimize production of oil and gas. Topics will include production accounting concepts, stakeholder relations, reporting, and royalties.

Pre-requisites:

• EAMG 255

Energy Asset Management Abandonment and Relinquishment is the final asset life cycle phase and the learner will explore the processes and obligations of returning land to the pre development state and surrendering or selling mineral access rights. The learner will be introduced to the role that the well asset management, mineral and surface land, joint ventures, and production and operations accounting disciplines play in bringing assets to finalization. Environmental, business, and compliance activities will be the focus of this course.

Pre-requisites:

• EAMG 300
• EAMG 306

This course introduces the operation of the Canadian economy. Topics include the role of government, spending and taxation, measuring economic performance, and government fiscal and monetary policy. Students will use economic principles to analyze problems in the Canadian economy. Topics to be covered include economic scarcity, demand, supply, elasticity, and perfect/imperfect competition.

Financial Decision Making will involve the practical application of financial statements and capital budgeting in solving business problems. Financial statement topics include all aspects of a firm’s financial reports and analysis of risk and key performance indicators based on the firm’s annual report. Capital budgeting topics include the time value of money and relevance of decision-making. Learners will use spreadsheet software to create, edit, and format worksheets and charts.

Oil and Gas Marketing will introduce learners to the concepts of marketing as related to the oil and gas industry. Topics will include world wide markets and their affect on Canadian markets and prices, environmental and political influences on oil and gas marketing, and intergovernmental organizations.

Pre-requisites:

• EAMG 306
• EAMG 350

This introductory course provides an overview of human behaviour in organizations at the individual, group, and organizational level and the effect of each on organizational effectiveness. Topics include: individual differences, motivation, communication, teams, power and politics, conflict and negotiation, leadership, organizational culture, and change management.

Equivalents:

• MNGT 2250

Learners will be introduced to the fundamentals of project management and its application in industry. The focus of this course is to provide project management skills including planning and management of project scope, time, cost, quality, human resources, communication, risk and procurement. Emphasis is on team building and group work. Project management software will also be evaluated.