Course Description:

An engineer explains the creation and use of cash flows in the oil business. The course explains both the concepts and the methods for the inputs:

• Engineering the volume forecast

• Predicting future prices

• Calculating netback prices

• Estimating operating and capital costs

And it addresses the use of the cash flows for various strategies and situations

• Determining alue, making an investment decision

• Assessing risk

• Building a strategy and a portfolio

At the end of the day, participants should have a functional understanding of each of the dynamics that affect cash flow and an appreciation for their quantification.