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| Valuing Oil and Gas Interests—Identifying and Measuring Risk(160930N) |
Course CPE: 2 hours
Field(s) of Study: Accounting–2 hrs
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: Self-Study |
Item
Number: 16PBV0930
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: September 30, 2016
Presenter: Mark Shirley
Program Description:
The fair market value of oil and gas (O&G) investments are determined solely by the economic feasibility of the sub-surface hydrocarbon reserves. Investors perceive the investment in an individual O&G prospect as riskier than investing in an exploration and production (E&P) company’s traded stock or debt. The valuation of interests in O&G reserves requires unique education, training, and experience due to the unusual characteristics of the E&P industries; a) unique terms and definitions; b) specialized accounting practices and procedures;, c) lack of diversification;, d) the nature and character of unsystematic risk; and e) the depleting nature of reserves and the absence of a salvage value. Reserve valuation procedures merge elements of both real estate appraisal standards and business valuation standards, presenting challenges to the analyst.
After completing this webinar, attendees will be able to:
- Identify the unique terms and definitions associated with exploration and production
- Recognize the phases of developing an O&G reserve
- Identify the unique accounting principles and practices
- Determine the systematic and non-systematic risk of exploration and production
- Determine volume, price, and expense forecasts
- Select discount rates for Discounted Cash Flow Models of E&P
- Recognize traditional valuation approaches and methods
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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