Description
This 3-day course is designed for industry professionals requiring an understanding of unique aspects of oil and gas property transactions. The course will focus on the skills required in evaluation (both buy-side and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity. The course will include a real-world acquisition case which will examine undeveloped reserves, pipeline facilities, and competitive bidding. Divided into teams, participants will analyze the transaction, competitively bid to acquire the property, arrange financing, and plan to exploit the property post closing. The case considers both an asset and corporate shares acquisition with pre and after-tax cash flow analysis. Spreadsheet modeling and risk simulation of the transaction are included. Participants will gain an appreciation for those unique and specialized aspects of energy transactions as well as the nuances for forecasting product price, cost, and capital availability in successful business development. Participants are expected to bring a laptop, loaded with Microsoft Excel, to the course.
Outline
Introduction to Oil and Gas Transactions
Review of Cash Flow Analysis
Unique Aspects of Oil/Gas Acquisitions
Reserves and Cost Forecasting
Pipeline Operation
Environmental Considerations in Acquisition
Structured Finance and Hedge Strategies
Competitive Bid Theory
Project Capital Scheduling
Expected Value and Simulation of Forecasts
Management Presentation Preparation
