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Oil and Gas Business - RREG 106

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Course Description

The course provides an understanding of the business operations conducted by oil and gas companies and the data collected during the process to find, develop, and produce oil and gas and other related valuable non-renewable resources. An opportunity is provided to learn about the provincial regulatory body within Alberta and some of the specific regulations and programs as they directly relate to oil and gas producers.  You will learn about the acquisition of mineral and surface rights, lifecycle of developing a raw asset for the purpose of oil and gas exploration, the processes of shooting seismic, acquiring a well license, abandoning a wellbore during the drilling process, completion of a well for production, licensing a production facility and the pipeline, and abandonment of a producing entity, well, pipeline and facility. 

This course will also cover the processes and tools that an oil and gas company utilizes to record and track the enormous amount of data collected during the lifecycle of the development of an oil and gas asset.  Mineral Land Administrators, Surface Land Administrators, Joint Venture (JV) and Well Asset Management staff will benefit greatly from this overview course.  Production Accountants and junior Marketing and Stakeholder Relations will also find this course valuable as all of them work closely with Regulatory personnel.

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