4.8
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5,370 ratings

Lincoln Pratson

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Oil & Gas Industry Operations and Markets

Duke University

About this Course

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The oil and gas industry has an enormous impact on all aspects of daily life. Individuals, corporations, and national governments make financial and policy decisions based on the cost, use, and availability of these two natural resources. This two-week course looks at the two most fundamental aspects of the oil and gas industry, its operations and markets, each of which is addressed as a separate module in the course. In the operations module, the course provides an overview of the production of oil and gas, from initial exploration to final transport. The second module focuses on the forces that drive the industry's operations, the oil and gas markets, including the cost of wells, seasonal impacts on prices, and the role of oil reserves. After every lesson, learners will take short quizzes to test their newly acquired knowledge, participant in crowd-sourced discussions about global markets, and complete a final project.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Approx. 8 hours to complete

English

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Skills you will gain

Energy
Geology
Directional Drilling
Enhanced Oil Recovery

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 8 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.82/5 (1,441 Ratings)

Lincoln Pratson

Gendell Professor of Energy & Environment

Nicholas School of the Environment

145,209 Learners

2 Courses

Offered by

Duke University

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Syllabus - What you will learn from this course

Content Rating98%(15,348 ratings)

Week

Week 1

3 hours to complete

Oil and Gas Operations and Technology

In this module, you will learn about the core activities that the Oil and Gas Industry executes to bring natural gas and petroleum products to market. We will look at the exploration and production of oil and gas, the processing and refining of the oil and gas into useable fuels and other valuable commodities, and finally the transport of oil, gas, and petroleum products from wells to refineries to retail outlets.

3 hours to complete

16 videos (Total 77 min)

16 videos

Oil and Gas Industry Overview3m

Oil and Gas Sources2m

The Hydrocarbon System6m

What Makes for a Good Reservoir Rock3m

Exploration Tools and Methods3m

Aquiring Mineral Rights8m

The Drilling Process10m

Prospect to Play2m

Production Over Time4m

Enhanced Oil and Gas Production2m

Processing Natural Gas3m

Crude Oil Distilation5m

Additional Refining Processes5m

Oil Midstream6m

Natural Gas Midstream4m

Liquified Natural Gas3m

4 practice exercises

Oil and Gas Exploration30m

Production30m

Processing and Refining30m

Transport30m

Week

Week 2

5 hours to complete

Oil and Gas Industry Markets

In this second module, the course shifts to the markets that drive Oil and Gas Industry operations. You will learn about the various costs of the core oil and gas industry activities, the factors that determine the prices that oil, gas and petroleum products sell for, and the effect that the amount of oil and gas remaining in the ground has on the future viability of individual companies to the Industry as a whole.

5 hours to complete

14 videos (Total 71 min)

14 videos

Cost Components37s

Well Drilling and Production Costs5m

Well Cost and Revenue Sharing4m

Well Cash Flow2m

Transport, Processing and Sales Costs6m

Benchmark Costs4m

Supply, Demand, and Price Elasticity6m

Seasonal Impacts on Oil and Gas Prices6m

Short-Term Constraints on Prices4m

Types of Prices7m

Original Oil and Gas in Place4m

Resources vs. Reserves5m

Access to Conventional Reserves5m

Additional Types of Unconventional Resources5m

3 practice exercises

Oil and Gas Markets - Costs30m

Oil and Gas Markets - Prices30m

Oil and Gas Markets - Future of O&G30m

Reviews

4.8

1560 reviews

5 stars
82.23%
4 stars
15.86%
3 stars
1.48%
2 stars
0.14%
1 star
0.26%

TOP REVIEWS FROM OIL & GAS INDUSTRY OPERATIONS AND MARKETS

by AMAug 16, 2020

A short clear course giving an overview of the oil and gas industries with its extraction,operation, distribution and sales.It's a beginner friendly course with clear explanation and a good quiz.

by JOJun 8, 2017

Excellent course, especially for people practicing in the oil and gas industry. Gives you a broader view of various factors that affect operations in the industry. I highly recommend the course.

by AZJul 29, 2021

i see the professor is well educated and have a lot of knowledge but the videos are a bit old there many things that happened since 2015 so it needs to be updated however the course are worth it.

by MKOct 2, 2022

Concise, excellent content. The professor was monotone so it was hard to stay focused on what he was saying. Wished there were more images/videos to get the point across of what he was explaining.

View all reviews

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
Will I receive a transcript from Duke University for completing this course?
No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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Oil & Gas Industry Operations and Markets

Oil & Gas Industry Operations and Markets

About this Course

Skills you will gain