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If you have any questions concerning the web site,
Contact Linda Diaz ldiaz@midland.edu or 432-683-2832, ext. 2

SQL - APPLICATION TO OIL/GAS RELATIONAL DATABASES Register Now
(ITSW 1058)
Oil and gas companies dedicate significant resources to building and maintaining relational databases. Unfortunately, many of these companies do not utilize database utilities such as SQL, or Structure Query Language, to maximize their surveillance capabilities. This course will explore the functionality of SQL and how this programming language can be used to improve surveillance and maintain oil and gas databases. All users of todays leading oil and gas database software, DSS32 and OFM, will benefit from this training. All course materials will be provided. Course materials include a demo production database and an electronic copy of the course manual. Class dates to be announced. If interested in attending, please contact the PPDC 683-2832
or email Joan or Linda: jbrooks@midland.edu, ldiaz@midland.edu
[PPDC Courses Fall 2009]

DRILLINGINFO FUNDAMENTALS Register Now
(ITSW1058)
This course covers the following topics: Overview of all tabs on www.drillinginfo.com; Searching for wells, production & leasing activity; Viewing data in maps & tables; Exporting data; Setting up AOI's for activity monitoring. This course is designed to get new or inexperienced Drillinginfo users familiar with all basic site functionality. Class dates to be announced.
Register Now
[PPDC Courses Fall 2009]
OIL FIELD MANAGER (OFM) - ADVANCED Register Now
(ITSW1058)
This course is for engineers and technicians with extensive prior OFM experience. It covers advanced analysis techniques. (It does not include advanced topics in project administration such as ODBC links).Click here for a class outline.
Registration limit: 12
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G010 092Q
December 8 - 9, 2009
8:00 am - 5:00 pm
Tuesday - Wednesday
Fee: $870; Out of State: $895
1.6 CEU's
Instructor: Celia Payne, BOPCO, L.P.
Register Now
[PPDC Courses Fall 2009]
[PPDC Courses Fall 2009]
A LOOK AT WIND ENERGY: PROBLEMS AND PITFALLS IN UNDERSTANDING WIND LEASING AND EFFECTIVE DEAL MAKING Register Now
(PTRT 1091)
Wind energy is hot and many energy industry participants are finding opportunities related to this fast growing area. Anyone involved in energy needs to know more about the growing role of alternative energy and how its rise impacts traditional oil and gas operations. Landmen and all lease administration personnel will need to know key concerns related to wind energy leases, how they are effectively written and negotiated, key concerns of developers and landowners, the role of government and key aspects of how wind turbines work. Problems and pitfalls of wind energy will be presented and discussed with some workshop exercises as we consider important concerns including: what rights landowners want to reserve and what rights developers want to acquire, how to determine appropriate compensation for the landowner, picking the best sites for wind farms, the ideal number of turbines per area, surface damages, right of way concerns, the role of options and easements, assignments, indemnification and insurance, and a checklist of the most critical duties and obligations of both landowner and lessee.
If interested in attending this class, please call the PPDC 432-683-2832 or email Linda, ldiaz@midland.edu or Joan, jbrooks@midland.edu
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Monday & Tuesday
8:30 am - 4:30 pm
Fee: $375; Out of State fee: $400
1.4 CEU's
Instructor: Patrick Fitzgerald, Ph.D., Ed.D., J.D. is Senior Partner in the law firm Fitzgerald and Pearsall, LLC, with offices in Dallas, Oklahoma City and Tulsa where his practice includes various areas of law related to the oil and gas industry. Concurrently, he is a Visiting Scholar at Vanderbilt University. For many years he has practiced law, engaged in consulting and has written extensively on a wide variety of topics related to oil and gas law and tax, financing and economics. Formerly a full professor of finance and economics and Dean at Oklahoma City University, he has served on the faculties of the University of Texas at Austin and Oklahoma State University, as a Special Lecturer in Law at the University of Oklahoma Price College of Business and as an Adjunct Professor at the Oklahoma City University School of Law and Southern Methodist University's Cox School of Business. Dr. Fitzgerald graduated from the University of Texas at Arlington and holds graduate degrees from Harvard, SMU, the University of Texas at Austin, Oklahoma State University and the University of Oklahoma. In addition, he held positions as a Research Fellow at Yale University, a Postdoctoral Fellow at the University of Chicago, as a Visiting Postdoctoral Scholar at Duke University, as a Distinguished Visiting Scholar at the Law School of Yale University, and as a Visiting Scholar at the University of California at Berkeley Boalt Hall School of Law.
Register Now
[PPDC Courses Fall 2009]
FARMOUTS AND JOINT OPERATING AGREEMENTS Register Now
(PTRT 1091)
This course begins with an overview of the widely used “Farmout” Agreement beginning with its history and how it is typically defined and distinguished from other relationships. Requirements for validity are reviewed, and a review of how particular Farmout agreements and terms have been used and misused are considered. Topics and issues include undivided interests, Farmouts combined with other agreements, limitations as to depth or formation, assignments, drilling requirements, simple Farmouts subject to “back- in” provisions, and whether Farmouts create a “carried interest.” Costs recoverable by the Farmee are discussed such as blowout expenses, interest on expenditures for mineral exploration and litigation expenses. The second day focuses on what may be the most common agreement for upstream oil and gas operations, the Joint Operating Agreement. We will look at the history of the AAPL model form operating agreement, some of its weaknesses and some means of avoiding problems with its use. Specific topics include the rights and duties of the operator, removing the operator, liabilities of the parties, loss of lease rights, cost overruns, non-consent issues, etc.
This program has been accredited for 13 RL/RPL continuing education credit(s), 13 CPL recertification credit(s), which includes 0 CPL/ESA recertification credit(s) and/or 0 Ethics credit(s), for a total of 13 credit(s).
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 30 - December 1
, 2009
Course# G017 092Q
8:30 am - 4:30 pm
Fee: $375; Out of State fee: $400
1.4 CEU's
Instructor: Patrick Fitzgerald, Ph.D., Ed.D., J.D. is Senior Partner in the law firm Fitzgerald and Pearsall, LLC, with offices in Dallas, Oklahoma City and Tulsa where his practice includes various areas of law related to the oil and gas industry. Concurrently, he is a Visiting Scholar at Vanderbilt University. For many years he has practiced law, engaged in consulting and has written extensively on a wide variety of topics related to oil and gas law and tax, financing and economics. Formerly a full professor of finance and economics and Dean at Oklahoma City University, he has served on the faculties of the University of Texas at Austin and Oklahoma State University, as a Special Lecturer in Law at the University of Oklahoma Price College of Business and as an Adjunct Professor at the Oklahoma City University School of Law and Southern Methodist University's Cox School of Business. Dr. Fitzgerald graduated from the University of Texas at Arlington and holds graduate degrees from Harvard, SMU, the University of Texas at Austin, Oklahoma State University and the University of Oklahoma. In addition, he held positions as a Research Fellow at Yale University, a Postdoctoral Fellow at the University of Chicago, as a Visiting Postdoctoral Scholar at Duke University, as a Distinguished Visiting Scholar at the Law School of Yale University, and as a Visiting Scholar at the University of California at Berkeley Boalt Hall School of Law.
Register Now
[PPDC Courses Fall 2009] MANAGING RISKS AND STRATEGIC DECISIONS IN PETROLEUM EXPLORATION AND PRODUCTION Register Now
(PTRT 1091)
Industry Overview
Petroleum exploration and production firms enter the 21 st Century in an increasingly competitive and risky business environment. Under those circumstances, managers have a growing need to adopt better and more systematic decision processes that explicitly embody the firm's objectives, desired goals, and resource constraints. Managers, for example, are regularly confronted with the issue of allocating scarce capital among a set of available exploration, development and acquisition opportunities.- opportunities generally characterized by high degree of financial risk and uncertainty. Because these decisions are among the most conceptually difficult to make, managers are compelled to utilize the most advanced techniques to guide their project and portfolio evaluations. Moreover, in modern capital and business markets the link between strategic and financial decision making has become more and more important. Consequently, firm managers must focus as never before on the value their corporate and business level strategies are creating. Efforts to build linkages in the petroleum firm between strategy and finance issues must involve the entire organization -- the impact on mitigating risk and improving performance can be significant. REGISTRATION DEADLINE: NOVEMBER 17TH
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G034 092Q
December 7 - 9, 2009
Monday & Tuesday. 8:30 am - 4:30 pm
Wednesday, 8:30 am - 3:00 pm
Fee: $1,500; Out of State: $1,525
1.9 1/2 CEU's
Instructor: Dr. Michael R. Walls holds a B. S. degree in geology from Western Kentucky University, an M.B.A. in Finance and a Ph.D. in Management from the University of Texas at Austin. Dr. Walls is a Professor of Mineral Economics at the Colorado School of Mines in Golden, Colorado and founder and President of Michael R. Walls & Company, a Denver-based decision consulting firm. In his consulting work, Dr. Walls has advised extensively in the areas of risk analysis and strategic planning to oil companies such as Texaco, BHP, Schlumberger, Phillips Petroleum, Amoco, Petrobras Petroleos Brasiliero, Occidental, Penn-Virginia, and PDVSA. Among these engagements, Dr. Walls has advised a major integrated oil company on risk management policy and systems design for managing exploration risk in the capital allocation process.
Register Now
[PPDC Courses Fall 2009]
POOLING BASICS IN TEXAS AND NEW MEXICO Register Now
(PTRT 1091)
The class will be an overview of Texas and New Mexico pooling procedures with an emphasis on lease and statutory restrictions. Topics include: basics of pooling, regulations regarding pooling in Texas and New Mexico, pooling provisions in oil and gas leases, what we will call "quasi-pooling", and revenue calculations for royalty, overriding royalty and working interest owners. We also plan to discuss major Texas and New Mexico cases affecting pooling in both states.
Learning Objectives and Student Outcomes: Basic study of oil and gas lease pooling and the computation of revenue interests within pooled units specifically designed for oil and gas industry neophytes. Participants will gain a solid foundation on Texas and New Mexico "dos" and "don'ts" when combining leases to form pooled units.
This program has been accredited for 7 RL/RPL continuing education credits, 7 CPL recertification credits, which includes 0 CPL/ESA recertification credits and 0 Ethics credits, for a total of 7 credit(s).
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G055 092Q
December 17, 2009
Thursday
8:30 am - 4:30 pm
Fee: $175; Out of State: $200
.7 CEU's
Instructor: David R. Smith , is a fourth generation West Texan (and Midland College alum). Mr. Smith received a Petroleum Land Management degree from Texas Tech University (1998) and his law degree from South Texas College of Law (2002). Following law school, he moved back to Midland and joined Stubbeman, McRae, Sealy, Laughlin & Browder, Inc. as an associate in the firm's oil and gas section. In December 2008, Mr. Smith was voted in as a shareholder of the firm. During his career, Mr. Smith has given numerous presentations on oil and gas industry related topics, including pooling. He is licensed in Texas (2002), New Mexico (2003) and Arkansas (2009).
Register Now
[PPDC Courses Fall 2009]
RRC FALL TRAINING CAMP - CALLING ALL ROOKIES Register Now
(PTRT 1091)
Have you ever attended a Railroad Commission ( RRC ) seminar, but found the classes to be over your head? Has an engineer or geologist asked you to complete certain RRC forms, but you didn't know where to begin? Does the structure and divisions of the RRC confuse you? Do you find the Commission's correspondence confusing and intimidating? Does the RRC 's terminology leave you feeling like you've just heard a foreign language?
If you've answered yes to any of these questions, then this class is for you. As your coaches we will introduce you to the RRC , show you how it is set up, help you understand the importance of required forms and explain how to feel more comfortable dealing with the RRC . Whether you have little or no experience with the RRC , or simply need to better understand how to deal with the Commission; then sign up today. You are encouraged to ask questions and no area is off limits; permitting, production, pro ration or plugging—we will give you answers. This class is designed with you in mind and you will leave the class with more confidence and less stress.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G029 091Q
Out of State Course# G058 091Q
November 10, 2009
Tuesday
1:00 - 5:00 pm
Fee: $150; Out of State: $175
.4 CEU's
Instructor: Linda Derryberry - recently retired from the Railroad Commission after 35 + years. Her jobs over the years have included the production area as well as the P-5 organization report area. During the late 1970's, she moved to the pro ration department where she has handled pro ration oil districts 8A and 08. Over the last 10 years, Linda has been the oil peroration trainer for new employees in all the various areas of the state as well as the assistant supervisor of the department. She has coordinated the various seminars and regulatory EXPO's offered by the Commission. Linda also taught Forms and Procedures classes for the Commission at their traveling and Austin based seminars. She helped develop the Forms and Procedures Manual used in these seminars. Upon her retirement, has joined long time business associate Susan Perkins in oil and gas regulatory consulting.
Register Now
[PPDC Courses Fall 2009]
UNDERSTANDING AND FILING OF RAILROAD COMMISSION FORMS AND PROCEDURES Register Now
(PTRT 1091)
This 8 hour course will cover an overview of drilling, completions, and production forms required by the Railroad Commission of Texas. The instructor is a recently retired Commission employee with more than 35 years experience in the pro ration/compliance area of the Austin office. This course will use the Railroad Commission of Texas Forms and Procedures Manual and there will be opportunities for hands on participation.
Class Outline:
Schematic of RRC departments and contact information
Handouts
P-5, Organization Report
W-1, Application to drill, deepen, plug back or re-enter
Plats, regular location, Rule 37/38, horizontal drain hole
P-12, Certificate of pooling authority
H-9, Certificate of Compliance, SWR 36, hydrogen sulfide
TCEQ form for surface casing/usable water protection
Q&A
Break – 10 minutes
W-2, Oil well potential completion or recompletion report
Lunch
Q&A
L-1, Electric log status report
P-4, Producer's transportation authority/certificate of compliance
P-8, Special clearance request
W-12, Inclination report and directional surveys
W-15, Cementing report
Filing Production reports
G-1, Gas well completion
G-5, Gas well classification report
G-10, Gas well status report
W-10, Oil well status report
W-3A & W-3, plugging wells
Allowables, supplements and violation letters
Helpful hints/Glossary of oil and gas terms
Q & A
Conclusion of class
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G030 091Q
Out of State Course# G057 091Q
November 11, 2009
Wednesday
9:00 am - 5:00 pm
Fee: $225; Out of State: $250
.7 CEU's
Instructor: Linda Derryberry - recently retired from the Railroad Commission after 35 + years. Her jobs over the years have included the production area as well as the P-5 organization report area. During the late 1970's, she moved to the pro ration department where she has handled pro ration oil districts 8A and 08. Over the last 10 years, Linda has been the oil pro ration trainer for new employees in all the various areas of the state as well as the assistant supervisor of the department. She has coordinated the various seminars and regulatory EXPO's offered by the Commission. Linda also taught Forms and Procedures classes for the Commission at their traveling and Austin based seminars. She helped develop the Forms and Procedures Manual used in these seminars. Upon her retirement, has joined long time business associate Susan Perkins in oil and gas regulatory consulting.
Register Now
[PPDC Courses Fall 2009]
[PPDC Courses Fall 2009]
THE OILFIELD FROM PLANNING TO PLUGGING "Excellent Class for Interns" Register Now
(PTRT 2015)
This basic 2-day course provides an overview of all phases of oilfield operations. The attendees will be introduced to leases, geology, drilling, completing, and producing wells. The class is ideal for non-technical people wanting to learn “the big picture,” to broaden their oilfield knowledge, and to learn the value and importance of methods used in the oilfield and some ways to improve them. Topics include: Finding the Prospect, Leasing the Land, Drilling the Well, Logging and Testing, Casing and Cementing the Well, Completing the Well, Additional Wells, Producing Equipment, Producing Operations, and Plug and Abandonment.
This program has been accredited for 15 RL/RPL continuing education credit(s), 15 CPL recertification credit(s), which includes 0 CPL/ESA recertification credit(s) and/or 0 Ethics credit(s), for a total of 15 credit(s). (Number of credits accredited or claimed for 100% participation in this educational program).
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
October 13 - 14, 2009 Course#G026 091Q
8:00 am - 5:00 pm
Tuesday - Wednesday
Fee: $350; Out of State:$375
1.6 CEU's
Instructor: T. E. Gill is a petroleum consultant in Midland, Texas. His work experience includes 30 years of service in drilling, production engineering, facility design and operation, and engineering supervision with subsidiaries of Chevron Corp. in Texas, Oklahoma, Venezuela, Trinidad, Columbia, and the Rocky Mountains. Mr. Gill is a registered professional engineer in Texas and a member of SPE and NACE. He holds a B. S. in chemistry from Midwestern University and a B. S. in petroleum engineering from The University of Texas.
Register Now
[PPDC Courses Fall 2009]
DR. MICHAEL ECONOMIDES TO TEACH AT THE PPDC: ADVANCED NATURAL GAS ENGINEERING COURSE
Register Now
(PTRT 2015)
His new textbook of the same title will be available for purchase and is optional for the course. The cost is $140.
Discipline: All disciplines in the oil and gas and processing industries.
Description:
The role of natural gas in meeting the world energy demand has been increasing because of its abundance, versatility, and its clean burning nature. As a result, new gas exploration, field development and production activities are under way, especially in places where natural gas was, until recently, labeled as “stranded”. Because a significant portion of natural gas reserves worldwide are located across bodies of water, gas transportation (pipelines, LNG, and CNG) becomes an issue. Finally natural gas is targeted for a new generation of gas to liquid (GTL) technologies. All of these necessitate a seminar to cover the unique issues and challenges related to natural gas from upstream to midstream and downstream.
Seminar Outline:
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 4, 2009
Course# G052 091Q
8:00 am - 5:00 pm
Wednesday
Fee: $225; Out of State:$250
.8 CEU's
Instructor: Dr. Michael J. Economides holds many positions such as professor at the University of Houston, managing partner of an industrial consulting firm and Editor-in-Chief of Energy Tribune. He has written 14 textbooks and over 200 journal papers and articles and is considered by many as the premier world expert on petroleum production engineering. In addition he has written extensively on the geopolitics of energy. He is a frequent guest on national and international media such as CNBC, Fox News, Dow Jones Wire, NPR, Bloomberg, and BBC World Service.
Register Now
[PPDC Courses Fall 2009]
 CARBONATE FACIES AND SEQUENCE STRATIGRAPHY: APPLICATIONS IN EXPLORATION AND DEVELOPMENT
Register Now
(PTRT1091)
“Rick wrote the book on Sequence Stratigraphy!”
This 3-day workshop is designed for geologists, geophysicists, and engineers actively working in the exploration and production of carbonate rocks. Course content and example problems have been selected to teach and illustrate key concepts. The workshop is conducted as a combination of lectures (40%), and hands-on exercises (60%). The workshop covers the application of carbonate facies, diagenesis, and sequence stratigraphy to exploration and production problems. The workshop combines seismic, well log and rock data, and the concepts of sequence stratigraphy to develop interpretations that help predict carbonate hydrocarbon systems and characterize carbonate reservoirs. At the completion of this workshop, participants will be able to apply carbonate depositional, diagenetic, and sequence principles to exploration areas, and production assets. The workshop covers the following topics:
1) Review of carbonate first principles that include the basics of carbonate sedimentation and facies development, including mixed siliciclastic-evaporite-carbonate systems, and a review of the different carbonate platform types (i.e., attached rimmed platforms and ramps, and isolated rimmed platforms).
2) Review of carbonate diagenesis: Special emphasis is placed on integrating early diagenesis into a sequence framework, the seismic expression of karst, and understanding the affects of both arid and humid climatic conditions on the products of diagenesis and reservoir quality.
3) An introduction to carbonate sequence stratigraphy, including case study examples from both pure carbonate and mixed carbonate/siliciclastic/evaporite systems. Discussion will include the hierarchy of carbonate deposition at both exploration and production scales. Exercises will cover accommodation concepts, and integrated seismic-well log-sample examples of attached rimmed platforms, ramps, and isolated platforms from both the Paleozoic and Mesozoic Eras.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
December 1-3, 2009
Course# G042 092Q
8:00 am - 5:00 pm
Tuesday - Thursday
Fee: $1,300; Out of State $1,325
2.4 CEU's
Instructor: Dr. J. F. 'Rick' Sarg - received his Ph.D. (1976) in Geology from the University of Wisconsin-Madison. Rick also holds an M. S. (1971) and a B. S. (1969) in Geology from the University of Pittsburgh . He has extensive petroleum exploration and production experience in research, supervisory, and operational assignments with Mobil (1976), Exxon (1976-90), as an Independent Consultant (1990-92), with Mobil Technology Company (1992-99) where he attained the position of Research Scientist, and with ExxonMobil Exploration (2000-05). Rick was a member of the exploration research group at Exxon that developed sequence stratigraphy, where his emphasis was on carbonate sequence concepts. He has worldwide experience in integrated seismic-well-outcrop interpretation of siliciclastic and carbonate sequences and has authored or co-authored 29 papers on carbonate sedimentology and stratigraphy. Rick achieved the position of Stratigraphy Coordinator at ExxonMobil Exploration Company, and since 2005, had been working as a senior advisor and instructor with William M. Cobb & Associates, Inc. In August of 2006, Rick joined the Department of Geology at the Colorado School of Mines as a Research Professor. Rick recently completed a term as President of the Society for Sedimentary Geology (SEPM) (2004-05).
Register Now
[PPDC Courses Fall 2009]
ECONOMICS

PHDWin™ Register Now
(ITSW1058)
PHDWin™ is a full featured economic and decline curve analysis program that runs on Microsoft™ Windows™ operating systems. PHDWin provides powerful and cost effective production decline curves. This powerful program integrates interactive decline curve and material balance graphics with one of the best economic engines in the industry. The perfect solution for engineers, geologists, and executives who need to effectively organize, manage, and evaluate production and economic data.
This class is designed to give users an understanding of moving around in PHDWin--from evaluating a lease to scheduling automated group (platform) economics and creating summary reports. The classes will involve using all Editor windows found in PHDWin, as well as teach users to maximize PHDWin's graphical capabilities, including segment manipulation and curve fitting. All basic functionality of lease-level applications and global applications are covered, which leads nicely into generating lease-level and summary-level economics. The Lease List can now be used to generate groupings and subtotals to drive dynamic summarization capabilities for reporting. Dynamic groupings and subtotals are created using the sorts and filters found in the lease list. Exporting data and importing data from a variety of formats will also be covered. The classes are open to anyone, and require no previous knowledge of using PHDWin.
Instructor's Class Outline:
- System Preferences - Setting up your Machine PHDWin Files Types Navigation and Case Selection Sorting, Filtering and Organizing Cases Creating New Projects Project Properties Creating and Modifying Cases Prices, Expenses and Taxes Ownership and Reversions Investments Creating and Applying Economic Models Running Economic Scenarios Modifying Cases Globally Graph Properties Forecasting Production Creating and Modifying Products Edit Data in Excel Running Reports Summary Plot Cases Recompletion Cases Incremental Economics Risk and Probability of Success Tracking Multiple Ownerships (Partnerships) Importing from Data Providers
- Basic Exports
Students should leave the class ready to setup and run full economics on any data. Registration limited to 12.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 3 - 4, 2009 Course# G011 091Q
8:00 am - 5:00 pm
Tuesday & Wednesday
Fee: $570; Out of State $595
1.6 CEU's
Instructor: Celia Payne, BOPCO, L. P. - has 25 years in oil and gas experience and 10 years in oil and gas software instruction. She structures the class in an easy to follow manner that applies everyday examples and uses of the PHDWin software.
Register Now
[PPDC Courses Fall 2009]
ECONOMIC EVALUATION BEFORE TAX METHODS RESERVE YOUR SPOT TODAY! Register Now
(BUSA1092)
The overall course objective is to develop the ability of course participants to handle the concepts of time value of money and the application of those concepts to before-tax analyses of virtually any investment situation. The objective is achieved by covering select material presented in the textbook “Economic Evaluation and Investment Decision Methods,” 12 th Edition, 2008, by Franklin J. Stermole and John M. Stermole in the order it is presented and having participants work case study analysis problems related to text material.
This 2.5-day course focuses on before-tax considerations. Organized for managers, engineers, geologists, landmen, scientists, accountants and others concerned with evaluating investments; the course addresses the economic analysis of income and service producing investments based on discounted cash flow analysis procedures. Covers economic analysis techniques used to optimize the petroleum and non-natural resource production and processing operations. The textbook, Economic Evaluation and Investment Decision Methods, by Franklin J. Stermole and John M. Stermole, demonstrates the evaluation techniques presented using a variety of applications for people with technical and non-technical backgrounds, with or without previous evaluation experience.
RESERVE YOUR SPOT TODAY!
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G027 091Q, - In State
Course# G047 091Q - Out of State
October 19 - 20, 2009 (Monday and Tuesday) 8:00 am - 5:00 pm
October 21, 2009 (Wednesday) 8:00 am - 12:00 pm
Fee: $1,495; Out of State: $1,520
2.0 CEU's
Instructor: John M. Stermole, IEC
Register Now
ECONOMIC EVALUATION AND INVESTMENT DECISION METHODS Register Now
(BUSA1092)
Offered in Houston, Texas in Cooperation with Houston Community College and DCP Midstream
Organized for managers, engineers, geologists, landmen, scientists, accountants and others concerned with evaluating investments; the course addresses the economic analysis of income and service producing investments based on discounted cash flow analysis procedures. Covering economic analysis techniques used to optimize the development and operation of petroleum and non-natural resource production, and processing operations, the 4-day course addresses both before-tax and after-tax analysis considerations. The textbook, Economic Evaluation and Investment Decision Methods, 12 th Edition, by Franklin J. Stermole and John M. Stermole, demonstrates the evaluation techniques presented using a variety of applications for people with technical and non-technical backgrounds, with or without previous evaluation experience.
Location: Capital One Building, 5718 Westheimer, Room 2254 (click for map)
Course# G044 091Q
November 2 - 4, 2009 (Monday - Wednesday) 8:00 am - 5:00 pm
November 5, 2009 (Thursday) 8:00 am - 3:00 pm
Fee: $1,995; Out of State: $2,020
3.0 CEU's
Instructor: John M. Stermole, IEC
Register Now
[PPDC Courses Fall 2009]

www.lgc.com
ARIES FUNDAMENTALS Register directly with Landmark
This four-day course is for any client wanting to use ARIES to organize, manage and evaluate economic and production data. It is designed to highlight Aries most frequently used features and capabilities. Intended For: Reservoir, Production and Acquisitions Engineers, Geologists, Engineering Technicians, Reservoir Analysts, and Managers.
Prerequisites: Prior use of Windows and basic understanding of Oil & Gas industry terminology.
For more information please call the PPDC at (432) 683-2832.
[PPDC Courses Fall 2009]
WORKSTATION GEOLOGIC & GEOPHYSICAL ANALYSIS:
[PPDC Courses Fall 2009]
 
PETRA® Register Now
(ENGG1036)
PETRA® is PC based software that was created with the goal of providing integrated geological and engineering solutions. By using leading- edge technology, PETRA can assist geoscientists with todays prospect generation and acquisition studies. This course will cover data management, data manipulation, and the integration of geological, geophysical, petrophysical, and engineering data. Students will visualize results using the interactive mapping, cross-sections, log cross plots, and custom spreadsheet features. Learning objectives: the student will have a sufficient working knowledge of the primary functions of the software to be able to return to the office and begin using the modules for most day-to-day operations. Furthermore, the students will develop an awareness of additional features available should the need arise. Pre-requisites: Working knowledge of Windows and know the various types of geologic data, i.e. logs, formation tops, maps, production. Registration limit: 12
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
October 15 - 16, 2009 (Thursday - Friday) Course# G003 091Q
8:00 am - 5:00 pm
Fee: $570; Out of State $595
1.6 CEU's
Instructor: Greg Hinterlong, Chevron
Register Now
[PPDC Courses Fall 2009]

SEISMIC-MICRO TECHNOLOGY
www.seismicmicro.com
COMPLETE 2d/3d PAK INTERPRETATON
This course is designed to get you well on your way to understanding and using 2d/3dPAK. The course stresses development of SMT software skills by progressing through a basic seismic interpretation workflow and then advancing to gridding algorithms and has you experience our new flex grid among other new 8.3 features. This course is not intended to teach entry-level interpretation skills or definitions.
The class includes hands-on workstation exercises and covers the following topics:
Using the new KINGDOM Splash Screen, creating Authors, and using PAKnotes
The use and function of the Project Tree (Graphical Data Manager), including how to create a Work Tree
How to select and navigate through 2D and 3D Seismic data
Seismic Mistie Analysis using both bulk and interactive methods
Fault Interpretation - using both assigned and unassigned faults
Horizon Interpretation - utilizing different horizon picking methods including 2DHunt, Polygon Hunt and Horizon Snap to create time and amplitude surfaces
The generation and use of Fault Polygons
KINGDOM horizon and grid calculators, their parameters and uses
Creating and editing contours
Gridding algorithms and parameters
Time to Depth Conversion using several different methods
NOTE: This course prepares the participant to use PAKnotes, create work trees, display and mistie correct seismic data, interpret and manage faults and horizons, grid and contour well and seismic data, and perform depth conversions.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 9 - 10, 2009
Monday - Tuesday
8:00 am - 5:00 pm
Fee: Paid directly to SMT (click here)
Instructor: Sandi Barber, SMT Sr. Geophysicist Trainer
EXPLORING IN THE 3D WORKSPACE (VuPAK)
This course is designed for the experienced geoscientist. VuPAK is an interactive 3D visualization tool, which enables the interpreter to work with cultural, horizon, well, fault, surface and 2D and 3D seismic data more efficiently and effectively within a visualization framework. VuPAK is designed to be used with 2d/3dPAK (using either or both 2D and 3D data), AVOPAK, RSA, EarthPAK and TracePAK.
This course uses hands-on workstation exercises to address the following topics:
- Interpreting, assigning, displaying and editing faults
- Interpreting and displaying horizons
- Displaying well and log data, including tops and fault cuts
- Displaying seismic lines and/or time slices and attributes
- Animating seismic volumes and creating movies for display in PowerPoint presentations
- Modifying color and light
- Volume rendering and opacity
NOTE: At the end of this course participants will be able to create cubic volumes of seismic data, post wells and design proposed well locations, interpret horizons and faults in the 3D volume.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 11, 2009
Wednesday
8:00 am - 5:00 pm
Fee: Paid directly to SMT (click here)
Instructor: Sandi Barber, SMT Sr. Geophysicist Trainer
[PPDC Courses Fall 2009]
SYNTHETICS - LINKING WELLS AND SEISMIC (SynPAK)
SynPAK is an easy-to-use application designed to help the interpreter create and manipulate synthetic seismograms. This course assumes that the user has basic interpretation skills and understands the significance of using synthetic seismograms to tie well interval data to seismic interpretation. Attendees should be moderately skilled in using the KINGDOM software.
This course uses hands-on workstation exercises to address the following topics:
Differences between log data, seismic data, and uses for synthetic seismograms
How to generate a basic synthetic
Time-Depth curve calculation
Creating velocity logs and log conversions
Selecting parameters and generating wavelets
Manipulating the synthetic
The Walden-White and Wiener-Levinson methods of trace extraction
Correlating synthetics with seismic data
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 12, 2009
Thursday
8:00 am - 5:00 pm
Fee: Paid directly to SMT (click here)
Instructor: Sandi Barber, SMT Sr. Geophysicist Trainer
[PPDC Courses Fall 2009]
For more information go to www.petroskills.com
BEAM PUMPS Register Now
For a detailed outline of the course, click here.
To register contact: www.petroskills.com or call (800) 821-5933. Fee is paid directly to PetroSkills
Location: Midland College PPDC Building, 105 W. Illinois, Room D (Midland, Tx)
November 16 - 20, 2009
Monday - Friday
8:00 am - 5:00 pm
Fee: $3,275 Paid directly to PetroSkills
Instructor: Norman W. Hein
Register Now
[PPDC Courses Fall 2009]
For more information go to www.petroskills.com
WATERFLOODING A TO ZRegister Now
For a detailed outline of the course, click here.
To register contact: www.petroskills.com or call (800) 821-5933. Fee is paid directly to PetroSkills
Location: Midland College PPDC Building, 105 W. Illinois, Room D
November 30 - December 4, 2009
Monday - Friday
8:00 am - 5:00 pm
Fee: $3,225 Paid directly to PetroSkills
Instructor: Dr. Deepankar (Dee) Biswas
Register Now
[PPDC Courses Fall 2009]
MANAGING SUCKER ROD LIFT WELL FAILURES Register Now
(PTRT 2010)
This class is designed for oil field foremen, well site supervisors, and any other one interested in reducing the frequency and cost of well equipment failures in order it improve their profit margins. Discussion will include examples from a successful well failure management program; understanding basic well failure causes including sucker rods, tubing and rod pumps; scheduling repairs or maintenance; prevention techniques such as corrosion inhibition and others.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G005 091Q
October 26, 2009
Monday
8:00 am - 5:00 pm
Fee: $175; Out of State $200
.8 CEU's
Instructor: Kent Gantz, Schlumberger
Register Now
[PPDC Courses Fall 2009]
AN INTRODUCTION TO COILED TUBING Register Now
(PTRT 2010)
This 8-hour course presents coiled tubing (CT) as a tool for workover, drilling, and completions services. It reviews conventional CT workover and completions applications, the properties of CT, its manufacture, the key elements of a coiled tubing unit, and subsurface tools for CT applications. A significant portion of the course covers mechanical and hydraulic performance of CT, including work limits, buckling, and fatigue. The course is intended for engineers, engineering technicians, field personnel or anyone interested in the history, applications, and benefits of coiled tubing. Participants will gain an understanding of the manufacturing process required to mill coiled tubing, the many applications of this versatile tool, the surface equipment for running it, subsurface tools, and the importance of job design and planning. Objective and Goal: The intention of the course is to give the student an understanding of coiled tubing as a well intervention tool.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Date to be announced
8:00 am - 5:00 pm
Thursday
Fee: $175; Out of State Fee: $200
.8 CEU'S
Instructor: Jeff Harris, B. J. Services
Register Now
[PPDC Courses Fall 2009]
WELL SERVICE & WORKOVER PRESSURE CONTROL Register Now
(PTRT2010)
This course will provide an understanding of the causes and effects of well pressure and instruction concerning the technique of pressure control. The course is designed for both operator and contractor personnel concerned with well service and workover operations. Open discussion and questions will be encouraged. The sources of well pressure, the character of well fluids, the mechanics of seals, the design of both surface and downhole pressure control equipment, and typical pressure control operations will be explained.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G012 091Q
October 15, 2009
Thursday
8:00 am - 5:00 pm
Fee: $175; Out of State Fee: $200
.8 CEU's
Instructor: Mike Cure, XACT Technologies, Inc.
Register Now
[PPDC Courses Fall 2009]
THE WELL PLANNING PROCESS Register Now
(PTRT2010)
This 1.5 day course will provide a comprehensive overview of the well planning process. Aspects covered will include well objectives, multidisciplinary coordination, information resources, elementary geology, surface access, regulatory compliance, drilling fluids, bit programs, circulation hydraulics, drill string design, rig selection, well construction design and economics. Any individual who participates in the planning of wells such as geologist, geophysicist, land men, right-of-way and claims specialist, contract administrators, reservoir engineers, completion engineers, production engineers, regulatory compliance specialist, surveyors and safety and training specialist can benefit. Learning Objectives: The student will gain a comprehensive awareness of the well planning process in order to drill wells in a competent and cost effective manner
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G013 091Q
November 19, 2009 (Thursday)
8:00 am - 5:00 pm
November 20, 2009 (Friday)
8:00 am - 12:00 pm
Fee: $270; Out of State $295
1.2 CEU's
Instructor: Mike Cure, XACT Technologies, Inc.
Register Now
[PPDC Courses Fall 2009]
BASIC OILFIELD OPERATIONS TRAINING Register Now
(PTRT 2015)
This 12-hour course will cover Positive Displacement Pump Principles, Centrifugal Pump Principles, Electric Submersible Pumps, Production Separator Principles, and Emulsions and Heat Treater Principles. We will also cover Sucker Rod Pumping Principles and Beam Pumping Units as time permits. Each topic will be covered using the former ARCO Oil and Gas Company BOTS Training Series. Manuals will be used along with video instruction. Classroom discussion and overheads will enhance the exchange of ideas and clarify the processes. A test will be given at the end of each module. This course assumes that the student has limited experience with the topics covered and that they have a basic understanding of fluid flow, temperature and pressure. At the completion of this course the student will be able to explain operating principles, identify major parts of oilfield operations equipment, and explain how oilfield fluids move and are treated for effective separation of oil. The last class period will include a trip to a modern working tank battery.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G014 091Q
October 13 - 29, 2009
6:00 pm - 8:00 pm
Tuesday & Thursday
Fee: $270; Out of State $295
1.2 CEU's
Instructor: Albert Garza, Pioneer Natural Resources
Register Now
[PPDC Courses Fall 2009]
TECHNICAL - GEOLOGICAL & GEOPHYSICAL
[PPDC Courses Fall 2009]
INTRODUCTION TO LOG INTERPRETATION AND QUALITY Register Now
(PTRT 2010)
This 3-day course is designed to provide participants with fundamental principles necessary to understand and interpret open-hole logs. The concepts will assist participants to recognize permeability, hydrocarbons and identify rock and fluid types. The session will also include illustrated techniques for recognizing log validity. Participants are encouraged to bring their own logs to complement existing real-life case studies.
Day 1: Introduction to Log Parameters, Resistivity, SP, Gamma Ray and Porosity
Day 2: Topic - Determining Porosity, gas effect, and lithology from logs and calculating water saturation.
Day 3: Topic - Methods used to recognize a quality log and logging tool limitations.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 3 - 5, 2009 Course# G007 091Q
Fee: $995;
Out of State $1,020
8:00 am - 5:00 pm
Tuesday - Thursday
2.4 CEU's
Instructor: Gary Batcheller, GWB Consultants
Register Now
[PPDC Courses Fall 2009]
WELL CONTROL SCHOOL - Drilling/Workover (WellCAP) Register Now
(PTRT2010)
Course approved by IADC (International Association of Drilling Contractors)
This school is designed to present the latest technology, equipment, and procedures utilized in maintaining control of a well during drilling and workover operations and to offer cost effectiveness and efficiency to the industry. Designed for drilling and workover personnel, especially drillers, toolpushers, operator representatives, engineers, or anyone involved in operating and servicing wells. Registrants have the option of surface only or surface and subsea stack designation. WellCAP certificates are awarded upon successful completion of this course. IADC WellCAP guidelines require the full course be repeated every two years to maintain current well control certificates. Registration Limit: 18.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
December 7 - 10, 2009 Course# G008 092Q
Monday - Wednesday: 8:00 am - 5:00 pm
Thursday: 8:00 am - 12:00 pm
In State Fee: $650; Out of State Fee: $675
2.8 CEU's
Instructor: Larry Chapman, Chapman and Associates, Inc.
Register Now
[PPDC Courses Fall 2009]
LAND
 
LAND AND LEASING - OIL AND GAS Register Now
(PTRT 1000)
For secretaries, lease analysts, geologists, engineers, and managers. Topics include: prospect acquisition, prospect lead/initial land check, takeoff, leasing and leases, surface agreement, farmouts/farmins. Drilling the prospect: title opinion/abstract acquisition/curative, offset support - dry hole, bottom hole, acreage contribution, option farmouts, exploration agreements, joint operating agreements. Interests and Computation of Interest: mineral interest, royalty interest, overriding royalty interest, leasehold interest - net revenue interest, working interest, net profits interest, production payment. Getting Paid: division order title opinion, division orders, payment, 100% indemnity.
This program has been accredited for 7 RL/RPL continuing education credit(s), 7 CPL recertification credit(s), which includes 0 CPL/ESA recertification credit(s) and/or 0 Ethics credit(s), for a total of 7 credit(s).
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
November 12, 2009
Course# G031 091Q
Fee: $ 175; Out of State; Fee: $200
8:00 am - 4:30 pm (1.5 hours for lunch)
Thursday
.7 CEU's
Instructor: G. Ernest Gilkerson, President of Midland Oil and Gas Inc.
Register Now
[PPDC Courses Fall 2009]
THE PRACTICE OF OIL AND GAS LEASING AND CURING TITLES Register Now
(PTRT1091)
This course reviews the critical express and implied covenants of the oil and gas lease and offers suggestions for more effective leasing. But, getting the lease right is only part of the process. Breaks, clouds, strangers and other unresolved title problems create weak links that threaten optimal financial results from your company's drilling programs. To get it right, one needs to know exactly what a title opinion is and how and why we have a need to “cure.” This course will provide an understanding of the purpose of a title opinion. The purpose of the title opinion can be for lease acquisition, drilling, division order, security, or production purchase purposes, and will control the format of the opinion, the information reported in the opinion, and what title defects lead to title requirements. In this course we will review and discuss key ideas concerning the drilling title opinion, the supplemental title opinion and the division order title opinion. We will also discuss types of curative instruments including lease amendments and lease extensions, designation or change in depository, affidavits, ratifications, releases, subordinations, quitclaim deeds, stipulations of interest, probate proceedings, powers of attorney, tax certificates and more.
Location:Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G016 092Q
December 14 - 15, 2009
8:30 am - 4:30 pm
Monday - Tuesday
Fee: $375; Out of State $400
1.4 CEU's
Instructor: Patrick Fitzgerald, Ph.D., Ed.D., J.D. is Senior Partner in the law firm Fitzgerald and Pearsall, LLC, with offices in Dallas, Oklahoma City and Tulsa where his practice includes various areas of law related to the oil and gas industry. Concurrently, he is a Visiting Scholar at Vanderbilt University.
Register Now
[PPDC Courses Fall 2009]
CRITICAL OIL AND GAS LEGAL CONCEPTS FOR THE PETROLEUM INDUSTRY Register Now
(PTRT1091)
Audience: Landmen, attorneys, members of the land support team and exploration supervisors, contract negotiators and specialists, account billing and audit personnel, accountants, engineers, geologists, certain production personnel, division order and delay rental and lease administration personnel, and management working with oil and gas contracts.
This course provides a tremendous amount of information in only two days. It is perfect for anyone seeking to understand how oil and gas law drives the oil and gas industry and the activities of oil and gas participants including lenders, investors, lessors, working interest owners, government regulators, attorneys, landmen, and others. The course begins with a review of the nature of the landowner's interest in oil and gas, the nature and characteristics of mineral interests, the rights and duties between surface and mineral owners, how mineral severance works, surface damages, conveyance issues, the creation and duration of mineral leases, and different kinds of royalty and mineral interests. We consider life estates and other interests and compare them to the Fee Simple Absolute. The oil and gas industry uses a number of unique contractual arrangements to explore for, develop, produce, and market oil and gas. This course includes not only a good overview of key clauses of the oil and gas lease, and the importance of implied covenants, but also examines the law governing farmout agreements, agreements for the sale and exchange of producing properties, operating agreements, drilling contracts, and pooling and unitization agreements. As part of the discussion of the rule of capture and doctrine of correlative rights and our work on pooling and unitization, we will review some of the history of the oil and gas industry that led to the powerful role of state oil and gas conservation agencies such as the Texas Railroad Commission.
This program has been accredited for 13 RL/RPL continuing education credits, 13 CPL recertification credits, which includes 0 CPL/ESA recertification credits and 0 Ethics credits, for a total of 13 credit(s).
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G022 091Q
November 9 - 10, 2009
8:30 am - 4:30 pm
Monday - Tuesday
Fee: $375; Out of State $400
1.4 CEU's
Instructor: Patrick Fitzgerald, Ph.D., Ed.D., J.D. is Senior Partner in the law firm Fitzgerald and Pearsall, LLC, with offices in Dallas, Oklahoma City and Tulsa where his practice includes various areas of law related to the oil and gas industry. Concurrently, he is a Visiting Scholar at Vanderbilt University.
Register Now
[PPDC Courses Fall 2009]
Register Now
PETROLEUM INDUSTRY - NON-TECHNICAL
PETROLEUM GEOLOGY FOR NON-GEOLOGISTS Register Now
(PTRT1091)
For landmen, geological technicians, secretaries, and engineers with no geological background. Topics include Earth systems, rocks and minerals, sedimentology and stratigraphy, geologic time and history of Earth, structural geology, folding and faulting, origin, nature, and occurrence of petroleum, formation names, and evolution of the Permian Basin. Also discussed is oil in the Permian Basin - trends, plays, and petroleum systems, surface and subsurface mapping methods, working with logs, sources of data, well-site operations, and formation evaluation. Materials to bring to class: straight edge, calculator, colored pencils, #2 pencil and eraser, notebook.
This program has been accredited for 30 RL/RPL/CPL continuing education credits and/or, 0 CPL/ESA recertification credits(s)and 0 Ethics credits(s), for a total of 30 credit(s).
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Eligible for 32 CPE credits. Pre-requisite: None
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G015 091Q; Fee: $695; Out of State $720
Course# G061 091Q for CPE Credits: In State; Fee $710
Course#G060 091Q for CPE Credits: Out of State; Fee $735
November 16 - 19, 2009
8:00 am - 5:00 pm
Monday - Thursday
3.2 CEU's
Instructor: Paul Pausé, Consultant
Register Now
[PPDC Courses Fall 2009]
QUICK GUIDE TO CARBONATE WELL LOG ANALYSIS WITH FLOW CHART, CASE STUDIES AND PROBLEMS Register Now
(PTRT1091)
This two-day course in carbonate log analysis is built around a Flow Chart for Carbonate Well Log Analysis . The flow chart is designed so the user can determine carbonate pore type or types, and if the carbonate is water-wet or oil-wet using comparisons of nuclear porosity/sonic porosity/resistivity porosity plus comparisons of Archie (a=1,m=n=2) and Ratio Water Saturations. Next, on the flow chart the moveable hydrocarbon index (Sw/Sxo) and bulk volume water (BVW) values are used to determine if the carbonate reservoir is hydrocarbon or water productive. The final steps on the flow chart are the additional techniques that are used in the final analysis of carbonate reservoirs. The basic principles of carbonate well log analysis will be outlined, as well as critical cut-off values, and how to use the flow chart. Nine problems will be presented to illustrate the application of the flow chart in carbonate well log analysis. Using the log analysis of each of the nine problems along with The Flow Chart for Carbonate Well Log Analysis, the following questions will be presented on a work sheet: 1.) pore type or types, 2.) water-wet or oil-wet, and 3.) hydrocarbon, water-cut hydrocarbons or water productive.
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G035 092Q
December 16 - 17, 2009
8:00 am - 5:00 pm
Wednesday - Thursday
Fee: $375; Out of State $400
1.6 CEU's
Instructor: George Asquith, Ph.D. Pevehouse Chair of Petroleum Geology. He is a Professor of Geosciences and co-director of the Center for Applied Petrophysical Studies at Texas Tech University. Twenty- five years of petroleum industry experience that included research geologist Atlantic-Richfield Co., staff geologist ALPAR Resources, chief geologist Search Drilling Co., district geologist Pioneer Production Corp., and project leader Mesa Limited Partnerships. He has published one hundred and twenty publications, including 5 books in the fields of petrophysics, carbonate and clastic sedimentation/petrology, and computer geology. Dr. Asquith received the Distinguished Service Award from the WTGS 1999, and the Distinguished Lecturer for the Society of Professional Well Log Analysts (1991-1992 and 1994-1995). He was a lecturer for the AAPG Subsurface Carbonate Depositional Modeling School (1980-1986) and received the Monroe Cheney Science Award from the Southwest AAPG 2001.
Register Now
[PPDC Courses Fall 2009]
PETROLEUM ACCOUNTING
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.
PDI: GAS SALES CONTRACTS AND FERC (Federal Energy Regulatory Commission) TARIFFS Register Now
(PTRT1091)
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.
A seminar to enhance understanding of Agreements and Pipeline Tariffs
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program . ” Eligible for 8 CPE credits.
Who Should Attend:
Accountants, Managers, Operations, Audit and Government personnel who have responsibility for interpreting and acting upon contracts and tariff arrangements in the natural gas arena.
Prerequisites: A basic understanding of natural gas terminology and energy industry processes and procedures.
Upon Completion of this Program Participants will be able to:
- Understand the key ideas and objectives of gas sales contracts
- Understand the basics and changing nature of the natural gas industry
- Understand the principles of gas transportation and tariff agreements
- Understand the basics of LNG, Environmental concerns and pipeline projects
Key Topics and Objectives:
1. Introduction to US Natural Gas Industry-macro overview (30 minutes)
2. Natural Gas Physical Distribution Network (2 hours and 30 minutes)
A. Geology, drilling, completion, production operations
B. Gathering, treating and processing
C. Transmission and storage
D. Local distribution facilities
E. Gas supply potential (including unconventional and LNG)
3. Natural gas marketing objectives and considerations (30 minutes)
4. Natural gas marketing strategy and target contract portfolio (30 minutes)
5. Natural gas sale contract terms (1 hour)
6. Natural gas transportation contract terms (2 hours)
A. Tariffs-regulated transporters
B. Transportation services agreement terms
C. Unregulated gathering/treating/processing service agreements
7. Natural gas sale price mechanisms (30 minutes)
8. Dynamic nature of natural gas market (30 minutes)
A. Changes in demand and supply
B. New pipeline projects
C. LNG import facilities
D. Environmental mandates
Location: Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G020 091Q - Regular - $355 In State; Out of State: $380
Course# G048 091Q - CPE Credits - In State: $370
Course #G050 091Q - CPE Credits - Out of State: $395
October 7, 2009
8:00 am - 5:00 pm
Wednesday
.8 CEU's
Instructor: J. Richard Moore has more than 30 years experience in the energy industry including jobs in both regulated and unregulated segments of this industry.
Register Now
[PPDC Courses Fall 2009]
PDI: MOVING TO INTERNATIONAL FINANCIAL REPORTING STANDARS (IFRS) Register Now
(PTRT1091)
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Eligible for 8 CPE credits.
Objectives:
To help employees of companies moving to IFRS understand how the new standards will change the way things are done at each level
To promote understanding of the requirements of IFRS and what steps the company must do take to make the changes
To help to build a smooth path to transition so that companies can efficiently and effectively comply with the IFRS standards
Key Topics:
European and Canadian Harmonization – How did the mandate for consolidated statements to be in accordance with IAS affect oil companies? We examine the effects on European oil companies by looking at their statements and check Canada's approach to harmonization.
The Road to Convergence – The IASB, FASB, and SEC were on the road to convergence in 2008; with the SEC accepting foreign registrants to file with IAS standards (instead of filing a reconciliation) by 2009. Where we stand on this road and what's ahead.
Examining IFRS 6 and what it says about the oil and gas industry
What can we expect in comprehensive standards coming down the road from the "study group"
The future of "full cost" under IFRS
Specific accounting differences among USGAAP, UKGAAP and IFRS
Transitioning to IFRS
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G023 091Q
November 12, 2009
In State Fee: $355
Out-of-State Fee: $380
In-State with CPE Credits fee: $370
Out-of-State with CPE Credits: Fee: $395
8:00 am - 5:00 pm
Thursday
.8 CEU's
Instructor: Dr. Linda Nichols joined the faculty of Texas Tech University in 1989 after completing a PhD in Accounting at Louisiana State University. She currently holds the position of Professor and Director of Accounting Programs.
Register Now
[PPDC Courses Fall 2009]
PDI: OIL AND GAS RESERVES - THE BASICS AND THE CHANGES - COMING IN 2010 Register Now
(PTRT1091)
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Eligible for 8 CPE credits.
This program focuses on the New SEC Oil & Gas rules and the effects on your financial statements. We will also review other Reserve definitions and valuation principles.
Prerequisite: Basic knowledge of oil and gas operations is recommended.
Objectives:
To gain an understanding of the principles of Oil & Gas Reserves
To review the new SEC reserve rules and how it affects your financial statements
To understand the changes in pricing and valuation
To understand Reserves estimation principles and procedures, reasons and limitations and how they affect company value
To understand Reserve Reporting requirements, usage and auditing principles
To understand how reserves and decline curves contribute to the economic analysis of a project, well, field and company
To review how reserves affect SFAS 143 and SFAS 69 disclosures
Key Topics:
Overview of the New SEC rules and comparison to other definitions
Review of Estimation processes and decline curves
Impact of Technology
Impact of Geography on Pricing
Key components to a reserve report
SFAS 69 and SFAS 143 – how reserves impact calculations and disclosures
Management planning, investor relations and acquisition & divestment decisions from reserve reports
Reserve Valuations
Revisions to Full Cost Accounting and Staff Accounting Bulletin
Updating and Codification of the Oil and Gas Disclosure Requirements in Regulation S-K
Location: Midland College PPDC Building, 105 W. Illinois Ave. (Midland, Texas)
Course# G021 091Q - Regular In State $355; Out of State $380
Course# G049 091Q - CPE Credits In State $370; Out of State $395
October 27, 2009
8:00 am - 5:00 pm
Tuesday
.8 CEU's
Instructor: David Loucks is the Director of Business Development for Gerbig Management, a Denver based oil & gas consulting firm and developer of the Assent line of software products for the oil & gas industry.
Register Now
For more information, please call the PPDC at (432) 683-2832.
If you have any questions concerning the website, please contact Linda Diaz: ldiaz@midland.edu
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Midland College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award certificates and associate and baccalaureate degrees. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of Midland College.
Midland College is an Equal Opportunity Employer/Educator. |