About this course: The oil and gas industry has an enormous impact on all aspects of daily life. Individuals, corporations, and national governments make financial and policy decisions based on the cost, use, and availability of these two natural resources. This two-week course looks at the two most fundamental aspects of the oil and gas industry, its operations and markets, each of which is addressed as a separate module in the course. In the operations module, the course provides an overview of the production of oil and gas, from initial exploration to final transport. The second module focuses on the forces that drive the industry's operations, the oil and gas markets, including the cost of wells, seasonal impacts on prices, and the role of oil reserves. After every lesson, learners will take short quizzes to test their newly acquired knowledge, participant in crowd-sourced discussions about global markets, and complete a final project.
Created by: Duke University
Taught by: Lincoln Pratson, Gendell Professor of Energy & Environment
Nicholas School of the Environment
| Commitment | 2 Weeks, 3 - 5 Hours Per Week |
| Language | English, Subtitles: Vietnamese |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
Oil and Gas Operations and Technology
In this module, you will learn about the core activities that the Oil and Gas Industry executes to bring natural gas and petroleum products to market. We will look at the exploration and production of oil and gas, the processing and refining of the oil and gas into useable fuels and other valuable commodities, and finally the transport of oil, gas, and petroleum products from wells to refineries to retail outlets.
16 videos, 1 reading
- Video: Oil and Gas Industry Overview
- Video: Oil and Gas Sources
- Video: The Hydrocarbon System
- Video: What Makes for a Good Reservoir Rock
- Video: Exploration Tools and Methods
- Video: Aquiring Mineral Rights
- Video: The Drilling Process
- Video: Prospect to Play
- Video: Production Over Time
- Video: Enhanced Oil and Gas Production
- Video: Processing Natural Gas
- Video: Crude Oil Distilation
- Video: Additional Refining Processes
- Video: Oil Midstream
- Video: Natural Gas Midstream
- Video: Liquified Natural Gas
- Reading: Module feedback
Graded: Oil and Gas Exploration
Graded: Production
Graded: Processing and Refining
Graded: Transport
WEEK 2
Oil and Gas Industry Markets
In this second module, the course shifts to the markets that drive Oil and Gas Industry operations. You will learn about the various costs of the core oil and gas industry activities, the factors that determine the prices that oil, gas and petroleum products sell for, and the effect that the amount of oil and gas remaining in the ground has on the future viability of individual companies to the Industry as a whole.
14 videos, 1 reading
- Video: Cost Components
- Video: Well Drilling and Production Costs
- Video: Well Cost and Revenue Sharing
- Video: Well Cash Flow
- Video: Transport, Processing and Sales Costs
- Video: Benchmark Costs
- Video: Supply, Demand, and Price Elasticity
- Video: Seasonal Impacts on Oil and Gas Prices
- Video: Short-Term Constraints on Prices
- Video: Types of Prices
- Video: Original Oil and Gas in Place
- Video: Resources vs. Reserves
- Video: Access to Conventional Reserves
- Video: Additional Types of Unconventional Resources
- Reading: Module feedback
Graded: Oil and Gas Markets - Costs
Graded: Oil and Gas Markets - Prices
Graded: Oil and Gas Markets - Future of O&G
Graded: Oil and Gas Company Profile
FAQs
How It Works
Coursework
Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.
Help from Your Peers
Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.
Certificates
Earn official recognition for your work, and share your success with friends, colleagues, and employers.
Creators
Duke University
Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.
Ratings and Reviews
Great course for a complete nubee
Thanks a lot, it gave me a lot of info
Excellent course providing a fundamental introduction to the Oil & Gas world.
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GE
Very interesting and usefull, well done