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If you:
1) Have difficulty with our registration process or want to register a group, please send a note to Tami Russell tamara.russell@unt.edu or call her at 940-783-7270 and she will register you.
2) Would like to discuss the program, need more information, or would like to consider having this program in-house for your company, please email Jim Hoffman james.hoffman2@unt.edu.
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Production Operations
(for the non-Technical)
The Fundamentals of Production Operations
How Production Operations Fit into both COST & REVENUE
How Optimizing Production Operations makes a difference to YOU!
Processes, Product, People and Procedures in completion and after the fluids leave the ground
Do you want to know, in just one day. . .
* What all that production equipment is at a wellsite, how it works together and why we need it?
* How Production Operations feed Revenue and Expenses?
* What "enhanced recovery" is, the types and how it can stimulate production?
* What a pumper, gauger and lease operator do and how automation has improved ROI?
* How production is measured, monitored and improved both on the surface and below?
* How production and reserves are related and how they affect the bottom line?
* What all the buzzwords are about types of surface operations?
* Where the fluids go and what happens to them after they emerge from the well?
* If you are an accountant, what the services and products you are paying for actually do?
* What can you tell your friends and neighbors about FRACKING?
When: Wed., March 2(1:00-5:00CST) and Thur., March 3(8:30-12:30CST)
Where: On your computer or tablet, wherever you have a good internet connection
Cost: $299 per participant, including class materials
Program Level: Basic
Delivery Method: Group Internet Based (Virtual, Interactive-Live)
Prerequisites: None
CPE Awarded: 8 hrs
Area of Study: Specialized Knowledge
Pre-Class Preparation: None
Who Should Attend:
· New employees of an oil and gas company
· Those in job functions other than in the field Production and Engineering
· IT and Support Employees who interact with Production and Engineering
· Land employees
· Expense Side Accountants (A/P, JIB, AFE, Property)
· Revenue Side Accountants (Production, Revenue, Reserves)
· HR and Admin who support field operations
· Company Recruiters
· Petroleum Accountants (back office)
Upon Completion of this program the following Objectives should be accomplished, with participants able to:
· Explain the wellsite roles of personnel, equipment and expenditures
· Explain surface and subsurface handling of well fluids and associated costs and benefits
· Explain principles of Hydrocarbons, Reserves, Decline Curves and Production Operations
· Explain the various options of well stimulation and remediation
· Better interact with technical employees in both the field and the office
· Perform Production Volume measurements and calculations
· Explain how all of the above affects the bottom line of your company
· Explain how automation & technology are changing the industry
· Explain what you as an accountant are booking expenses for and why
Key topics:
· Fundamentals of Hydrocarbons
· The Roles at the Production Site
· Fundamentals of Reserves and Decline Curves
· Enhancing Production
· Reservoir Drive, Liquid Loading and reasons for Production Decline
· Accounting Implications of Production Operations
· Lease and Well Equipment and How it is Used
· Movement of product on and off the Lease
· Measurement of Production Volumes
· The Lease Operating Statement
· New Automation developments
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