Business & FinancePPDC

This course is designed for those whose jobs are affected by the commercial transactions entered into by gas, crude and natural gas liquids (NGL) marketers, such and landmen, accountants, division order, administrative and engineers not directly involved in marketing on a daily basis.

This course will provide an understanding of (a) the components of natural gas and uses of those components, (b) what physically occurs in gas gathering, compression, dehydration, treating and gas processing, (c) how the commodities at the tailgate of a gas processing plant are marketed, (d) the basic structure of, and terminology used in, a gas contract, (e) how to read a gas settlement statement, (f) how NGLs are priced and marketed, and (g) how crude oil is priced and marketed.

course DATES

fall 2026

Cost

$450

Location

Registration

COURSE DETAILS

• BUSA 1092; 8 Hours, 0.8 CEUs
• COST: $450 (out-of-state participants add $25 to course fee)
• Minimum of 5 students required to run course

INTERESTED?

This course is designed for those who already have a basic understanding of gas gathering, processing and marketing and are part of, or directly work with, a marketing department, but wish to have a greater understanding of the mathematical calculations and contractual wording in gas, crude and natural gas liquids (NGL) marketing contracts.

This course will provide an understanding of (a) determining the physical properties of a natural gas stream, (b) what physically occurs in gas gathering, compression, dehydration, treating and gas processing, (c) pros and cons of different gas contract structures, (d) an in-depth analysis of gas settlement statements using different gas contract structures, (d) a detailed study of key gas contract provisions and what they mean, and (e) how commodities at the tailgate of a gas processing plant are marketed and priced.

course DATES

fall 2026

Cost

$550

Location

Registration

COURSE DETAILS

• BUSA 1092; 8 Hours, 0.8 CEUs
• COST: $550 (out-of-state participants add $25 to course fee)
• Minimum 5 students required to run course

This one day course introduces the key metrics used to analyze the performance of oil & gas companies. Specifically designed for those who work in the Energy Finance profession, this course will teach participants how to calculate and use performance metrics to gain quantitative and qualitative insight into the underlying strength of an oil & gas company. Topics include operational analysis, margin and cash flow analysis, reserves growth and validation, capital efficiency, return on investment, and other combinations of performance metrics that provide clear insight into overall company performance. Using clear non-technical language and relevant examples, this course provides participants with a better understanding of how performance metrics can be used to quickly spot underperformance, proactively improve and optimize current performance, and ensure all performance targets and objectives are met.

course DATES

fall 2026

TBA

Cost

$400

Registration

COURSE DETAILS

• PTRT 1091; 8 Hours, 0.8 CEUs
• COST: $400 (out-of-state participants add $25 to course fee)
• Minimum 4 students required to run course

INTERESTED?

Contact: Marina Rodriguez
Coordinator PPDC
(432) 683-2832
cepetroleumtraining@midland.edu

This intensive course has been presented by Andrew H. Pederson to participants in the United States and abroad. Organized for managers, engineers, geologists, landmen, scientists, accountants and others concerned with evaluating investments, this course relates to the economic analysis of income producing and service producing investments using discounted cash flow analysis criteria and procedures.

Participants may enroll in either the Before-Tax or After-Tax course option. The Before-Tax course covers time value of money, discount rates, investment decision criteria, inflation, and risk and sensitivity analysis. The After-Tax course builds on these concepts and focuses on after-tax cash flow development, tax deductions, depreciation, depletion, working capital, breakeven analysis, and other tax-related investment considerations. Through real-world applications and Excel-based exercises, attendees will gain practical skills for evaluating and comparing investment opportunities.

The course utilizes the textbook Economic Evaluation and Investment Decision Methods, 16th Edition (2019) by Franklin J. Stermole, John M. Stermole, and Andrew H. Pederson, which presents evaluation techniques through a variety of examples suitable for both technical and non-technical professionals. No prior economic evaluation experience is required. Participants should bring a laptop with Microsoft Excel.

In addition to a laptop with Excel, all participants should bring paper and pencil.

course DATES

Spring 2027

Before-Tax: May 10 - 12
After-Tax: May 10 - 14

Cost

Before-Tax: $2,599
After-Tax: $3,495

Location

Jack E. Brown Conference Hall
3600 N. Garfield
Midland, TX 79705
 
Registration

COURSE DETAILS

• BUSA 1092; 28 Hours, 2.8 CEUs
• COST: Before-Tax: $2,599; After-Tax: $3,495 (out-of-state participants add $25 to course fee)
• Minimum of 4 students required to run course

This two-and-a-half-day course covers all aspects of reserve reporting -from concepts to validation. Specifically designed for those within the Energy Finance community, participants will learn how to understand, use, and validate a reserve report. Using clear and non-technical language, this course uses modules to introduce basic reservoir concepts, reserves definitions, the preparation of a reserve report and the wide variety of metrics and methodologies used to validate a reserve report. Throughout the course, real-world data, field examples, and reserve software are used to emphasize and demonstrate key concepts. Upon conclusion, participants will have gained a better understanding of how to proactively review, analyze and validate a reserve report; and perhaps more importantly, how to identify the underlying risks not readily apparent in a typical reserve report.

Course DATES

spring 2026

TBA

Cost

$1050

Location

Jack E. Brown Conference Hall
Midland College Main Campus

Registration

COURSE DETAILS

• PTRT 1091; 21 Hours, 2.1 CEUs
• COST: $1050 (out-of-state participants add $25 to course fee)
• Minimum 4 students required to run course