In simpler times, royalties were very straight forward; if you had an oil well you paid a set royalty. It did not matter when the well was drilled, how much oil was produced or what the current price was. Today, for some very valid reasons, the crown royalty game has become much more complex.
This 1/2 day course, 2 of 4, will take participants into the "deep end" of crown royalties within British Columbia, Alberta and Saskatchewan. We will discuss the importance of understanding the royalty program for each province and the need for accurate record keeping and as they pertain to oil and gas production in the Western provinces.
Participants will learn the intricacies of royalty calculations for horizontal and multilateral wells.
The four courses in this program are:
March 12, 2020 Technical & Operations
April 9, 2020 Deep Dive into Crown Royalties
May 7, 2020 Understanding Corporate Documents
June 11, 2020 Interpreting Economic Evaluations (Reserves 101)
While it is advantageous to take all of the courses in the order of presentation, it is not necessary. Participants are encouraged to select the courses that will most benefit their career today and in the near future.
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Keith Carr has spent nearly four decades working in the oil and gas industry and has been sharing his knowledge and enthusiasm with students for many years, His experience spans many of the technical disciplines including geology, drilling, completion, production engineering and facility design, construction and operation. Keith has worked with both conventional and unconventional resources. in 2006, Keith took on a role as an instructor and continues with this today. One of the courses Keith currently instructs is the 2-day Evaluation of Canadian Oil and Gas Properties for Landmen.