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Petroleum Economics - ECON 404

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Course Description

The course will introduce basic economics concepts with their terminology, including the time value of money and discounted cash flows, and cover taxes and land resource ownership in Alberta, partnership agreements, Alberta Government agencies and their roles, oil and gas production rate limitations in Alberta, sales contracts in Alberta, and profitability analysis. The "day program" course offering will also include an introduction to a petroleum economic evaluation program widely used by industry and a project assignment will be given that includes the use of the program.

Credits: 1.5


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