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RMAG: OIL AND GAS PROPERTY VALUATION
October 24, 2023 @ 8:00 am - 4:00 pm
RMAG SHORT COURSE
OIL AND GAS PROPERTY VALUTATION
INSTRUCTOR: NICHOLAS KERNAN, U.S. DEPARTMENT OF INTERIOR
October 24, 2023
8:00 am to 4:00 pm
Denver Earth Resources Library, 730 17th St, B1 Denver CO 80202
About this course:
The valuation of oil and gas properties is one of the most important skills within the energy sector. This course aims to introduce individuals to a basic workflow that will allow them to take raw data and develop an opinion of value for oil and gas acreage. The focus will be on-shore U.S. unconventional resources. Valuations will be considered from both the standpoint of operators and royalty owners. Topics to be discussed are the role of geology in valuations, forecasting production, commodity prices, development plans, defining risk, quantifying uncertainty, using comparable sales, and the construction of discounted cash flows. All of these topics could be a course in their own right and this workshop does not aim to make participants experts in any one of the above topics. Rather, it aims to bring all these concepts together in a practical workflow. It should also help give technical experts context of how their day-to-day work affects business decisions. This is an introductory class and is not meant for individuals that are already familiar with oil and gas property valuation. The class requires participants to bring their own computer since many of the exercises will involve building cash flows in Excel.
Who will teach:
Nicholas (Nico) Kernan is a geologist and mineral rights appraiser within the U.S. Department of Interior (DOI). During his time with DOI, Nico has participated in dozens of oil and gas property valuations involving federal and Indian lands in Oklahoma, North Dakota, New Mexico, and Colorado. Before that, he worked for Devon Energy as a development geologist, and for ExxonMobil supporting the generation of play assessments and 3D geo-cellular models. He has a Bachelor’s degree from Hamilton College and a Master’s degree from the Colorado School of Mines.
Registration Details
- $250 for Members
- $300 for Non Members (not a member? join today)
Registration Closes October 19th
Refunds for the October 24th course are only available until October 10th.
If you are unable to attend, your registration for all RMAG events are transferable. RMAG members may transfer their registration to another RMAG member, and non-members can transfer their registrations to whomever they wish. Should an RMAG member wish to transfer their registration to a non-member, the non-member would need to pay the balance between the member and non-member price.