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Petroleum Economics

There are many steps required in order to bring petroleum products to consumers. New reserves must be located and explored. Wells must be planned and drilled. Raw crude and gas must be transported and refined, and finally petroleum products created, marketed, and sold to consumers. This module will provide an overview of the economics of creating new supplies.

In this module you will learn:
  • The business models of upstream, midstream, and downstream business units
  • How each business stream makes revenue and is influenced by macroeconomics
  • The business stream units that different types of companies operate within
  • The variables that contribute to fluctuations in world crude oil prices and the common crude oil and natural gas pricing indexes.
  • The factors considered in forecasting commodity prices and the relationship between price, investment, drilling rig counts, number of wells, and supply.
  • Trends in world energy supply and demand.
  • How upstream businesses evaluate prospective sites before drilling new crude oil and natural gas wells
  • The factors involved in financial decision making for new oil wells
  • How to complete a financial model of cash flow for an oil well
  • How to calculate rates of return on investments in new supplies

The Petroleum Economics module consists of the following:
  • Lesson 1—Business Models
  • Lesson 2—Pricing
  • Lesson 3—Upstream Investment
  • Petroleum Economics glossary
  • Quiz
  • Glossary

    It should take you approximately 45–60 minutes to complete this module.

    Recommended viewing resolution: 1280x1024

    For multiple licenses or for use of Petroleum Economics in training, please contact us at 800.687.4132 or 512.471.5940 or by sending an email to

    Catalog No. 96.M0810 - $75.00 for 12 months


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