Field Development Economics

Society of Petroleum Engineers 

Continuing Education Short Course Offering
2007 Rocky Mountain Symposium

Field Development Economics

Instructor:                     Mark A. Cook, TRACS International

Date:                             Sunday, April 15, 2007, 8:00 AM to 5:00 PM

Location:                      Hyatt Regency Denver at the Colorado Convention Center
                                      650 15th St
                                      Denver, CO 80202-4207, US

0.8 CEUs (Continuing Education Units) will be awarded by SPE-Americas Office for this 1-day course.

Course Description
The course will provide a practical knowledge of how to construct an economic evaluation of a field development opportunity, and how to interpret the various indicators that are common in the industry. The course draws on many practical examples, and will cover green field and brown field situations. The methods used to rank projects will be discussed in detail. Only a passing knowledge of the terminology is required. The course will be supported by a full text, copies of the slides used, a glossary of terms, and a bibliography.

Course Contents  

  • Ingredients of Project Cash Flow Analysis

  • Tax and Royalty Systems

  • Production Sharing Contracts

  • Discounting and Cost of Capital Assessment

  • Economic Indicators and Project Ranking

  • Incorporating Risk into Economics

  • Incremental Project Economics

Who Should Attend
Engineers, geoscientists and managers will learn a systematic approach to decision making for field development using economic methods. Staff in service companies will appreciate how to evaluate the benefits that their products can offer. Investors in the business will appreciate how to evaluate and rank on oil or gas field investment opportunity.

About the Instructor
Mark Cook   has worked in the oil and gas industry for 22 years, the first 11 for Shell International. While at Shell he worked internationally as a reservoir engineer. He is Managing Director of TRACS International, and continues to be active in both training and hands-on consultancy. His main areas of interest lie in reservoir engineering, petroleum economics, and risk analysis. For the last five years he has taught the SPE Short Course on Petroleum Economics, and during 2002 he was an SPE Distinguished Lecturer on the topic. 

The registration deadline isMarch 23, 2007 .  The registration fee is $450.00 and is fully refundable until that time.  For more details, contact Darien O’Brien, P.E. at or (303) 864-6015.  Make your check payable to SPE Denver Section and mail to: Darien O’Brien, Forest Oil Corporation, 707 Seventeenth Street, Suite 3600 , Denver , Colorado 80202.  Please include the course name, your FULL name (as you would like it to appear on the course completion certificate), SPE member number (if applicable), Title, Company, e-mail address, postal address, phone and fax number.  You may also register and pay on-line at

Name Sales End Price
Member Ended $450

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