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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

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

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Approx. 7 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.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Approx. 7 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 (1,461 Ratings)

Lincoln Pratson

Gendell Professor of Energy & Environment

Nicholas School of the Environment

150,060 Learners

2 Courses

Offered by

Duke University

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Syllabus - What you will learn from this course

Content Rating98%(15,601 ratings)

Week1

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 Overview3mOil and Gas Sources2mThe Hydrocarbon System6mWhat Makes for a Good Reservoir Rock3mExploration Tools and Methods3mAquiring Mineral Rights8mThe Drilling Process10mProspect to Play2mProduction Over Time4mEnhanced Oil and Gas Production2mProcessing Natural Gas3mCrude Oil Distilation5mAdditional Refining Processes5mOil Midstream6mNatural Gas Midstream4mLiquified Natural Gas3m

4 practice exercises

Oil and Gas Exploration30mProduction30mProcessing and Refining30mTransport30m

Week2

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 Components37sWell Drilling and Production Costs5mWell Cost and Revenue Sharing4mWell Cash Flow2mTransport, Processing and Sales Costs6mBenchmark Costs4mSupply, Demand, and Price Elasticity6mSeasonal Impacts on Oil and Gas Prices6mShort-Term Constraints on Prices4mTypes of Prices7mOriginal Oil and Gas in Place4mResources vs. Reserves5mAccess to Conventional Reserves5mAdditional Types of Unconventional Resources5m

3 practice exercises

Oil and Gas Markets - Costs30mOil and Gas Markets - Prices30mOil and Gas Markets - Future of O&G30m

Reviews

4.8

1580 reviews

5 stars
82.21%
4 stars
15.90%
3 stars
1.47%
2 stars
0.14%
1 star
0.25%

TOP REVIEWS FROM OIL & GAS INDUSTRY OPERATIONS AND MARKETS

by AGMar 14, 2022

The course was very comprehensive and easy to understand. The instructors made sure that they are giving the information in a way that won't make me confused. Thank you so much for this great course!

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 AMAug 22, 2022

A wonderful and insightful course on Oil and Gas Industry and how it works and beautifully explained by Professor Lincoln Pratson's vast knowledge. Happy to learn from such a wonderful professor.

by EEJan 21, 2020

Very interesting. This course offer an useful overview of Oil & Gas industry, covering all relevant aspects.

Even the Coursera platform support wonderfully videos and lessons.

Emanuele Volterra

View all reviews

Frequently Asked Questions

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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