Understanding the Oil Price and Reserves
Training Course

0.5 Days

$495 CAD

Upcoming Sessions
There is currently no upcoming sessions available for this course. Please check back later!

Course Description
Any discussion on the Oil and Gas Industry must be diverse since there are numerous topics relating to exploration, drilling, production, risk analysis, regulation, transportation, and amongst others two of the most important are Reserves and the Oil Price.

Reserves and the Oil Price are critical topics in an economic sense and the close connection between them is rarely understood. Recent events such as the Covid pandemic and the Russia-Ukraine War have had a profound effect on the oil price and, consequently, reserves.

This half-day short course will review the fundamentals of these important topics, discuss their historical behaviour and illustrate their relationship.

Who Should Attend
The course will be of significant benefit to non-technical personnel and recent hires in oil companies, many levels of government, legal and accounting firms and individuals who invest in the stock market.

  • Introduction
  • Prelude..what happens before we get to the main topics
  • The Oil Price
  • Reserves
  • How the Oil Price controls Reserves
  • The Consumer Perspective

Dr. A. Easton Wren, Ph.D
Dr. Easton Wren received a B.Sc.(Hons) in Geology and a Ph.D. in Geophysics from the University of Glasgow in Scotland. Dr. Wren has lived and worked in 23 countries, and his professional experience includes positions with Ray Geophysical Company in Libya, the United Nations in Uganda, Amoco Canada and PanCanadian Petroleum in Calgary. He founded Petrel Consultants, has been an Independent Consultant and is currently on the board of International SoftRock Oil, a Calgary company with assets in Cameroon and Arizona.

Easton has been a Visiting Professor at the Universities of Calgary and Kansas and is currently a Session Professor at Mount Royal University. He has presented technical and non-technical industry courses in numerous countries around the world, including the Americas, Europe, Africa, the Middle East, S.E Asia and Australasia.

He was President of the Canadian Society of Exploration Geophysicists and received Honorary Membership. He is the author of several technical published papers and is a past editor of the Journal of the C.S.E.G.

In 1987 he was the Distinguished Lecturer for the American Association of Petroleum Geologists (AAPG) and is an active member of S.E.G. and C.S.E.G. He has been involved in the movie and television industries and was the producer and host of CFAC-TV Calgary's "Science Spectrum" documentary programme.
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