A good manager or supervisor today must have a solid working knowledge of a broad range of management topics to make effective decisions. Three such topics are included in this course: law, accounting and finance. This offering will present the foundations of these key topics, in a practical manner, from the perspective of the petroleum industry. Upon its completion you will be able to read legal agreements and discuss financial statements in a whole new light and be able to apply them to project development or general corporate management. It is foundation course in our Essential Skills for the Oil & Gas Professionals Curriculum
This course is designed for those mid- to senior level managers and supervisors from all sectors of the oil and gas industry who wish to enhance their practical knowledge and understanding of three fundamental management areas: law, accounting and finance, that strongly influence their understanding of business and inform their organizational decision making. These is a “must” program for those whose major areas of formal studies was technology or other specialty fields.
Introduction to the Legal Process
Tax Law and Application
Sources and Cost of Debt and Equity
Corporate and Project Financing
Typical Financing Term Sheets and Projections
Accounting Fundamentals and Applications
Finance Fundamentals and Application
Four Basic Financial Statements: Income, Balance Sheet, Cash Flow and Equity Statement
Building the Financial Statements of an Exploration Company and a Regulated Pipeline
Reading Financial Statements of Several Petroleum Companies
Fundamentals of Quantitative Analysis of Large Data
Practical Analysis of Interesting Petroleum Industry Data Sets
During this learning simulation game, teams of participants will perform the legal review and prepare the financing plan for its company to develop a potential underground gas storage facility in the Northeast region of the United States. They will be asked to review major service agreements, regulatory agency application documents, debt and equity financing agreements and prepare proforma financials for the project.