If you’re looking for ways to better identify, evaluate, and quantify risk and uncertainty in common oil and gas situations this course was designed for you. As a participant you will review the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The course will also cover statistics, the relationship between risk and return, and hedging and future markets.
Topics Include:
- Strength and weakness of traditional econometric analysis methods
- The efficient market hypothesis and its application to oil and gas price forecasting
- Proven volatility/uncertainty reduction methods and tools for the operational side of business
- How to scientifically and statistically incorporate differing perspectives
- Ways to develop a revenue forecast that takes the uncertainties into account
- Portfolio design and management
Participants will develop a better understanding of the key factors that contribute to your daily economic decisions as well as establish a new set of tools to use in your professional career.
This course is designed for professionals involved with economic evaluations, forecasting, and economic decisions in the upstream oil and gas business. It targets producers and operators with oilfield experience.
Instructor
Rodney Schulz is formerly from ConocoPhillips where he held a variety of engineering (primarily reservoir), finance, and organizational efficiency positions throughout North America over 15 years. Since leaving ConocoPhillips in 2009, Schulz has served as an expert witness on oil and gas asset valuation for a federal bankruptcy court and a major international law firm In addition to his oil and gas production experience. He has also served as the financial director/CFO for an organization with 150 employees in six states. In 2003, while still with ConocoPhillips, he started Schulz Financial, a retail investment advisory company that now manages $10 million for 27 households/40 clients and boasts a 98% client retention ratio through a very difficult time for equity markets. Currently, Schulz is putting together several oil and gas field redevelopment deals in south Texas while continuing to grow Schulz Financial and Schulz Consulting.
Schulz has a BS in petroleum engineering from the University of Kansas and an MBA from Duke University’s Fuqua School of Business.