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Petroleum and Natural Gas Engineering (P N G)

P N G 489 Engineering Evaluation of Oil and Gas Properties (3) Application of present worth and rate-of-return analysis; reserve calculations; decline curve analysis; uncertainty and risk analysis to engineering project design and evaluation.

P N G 489 Engineering Evaluation of Oil and Gas Properties (3)

The objective of this course is to introduce to students the application of present worth and rate-of-return analysis to problems peculiar to oil and gas evaluation. The course is divided into four sections: introduction to present worth and rate-of-return analysis; the calculation of oil and gas reserves; the analysis of decline curves; and the application of uncertainty and risk analysis to engineering project design and evaluation. This course is the first course of a four-course sequence (P N G 489, 490, 491, 492) that culminates in a capstone engineering design project and is intended to be taken during the first semester of the junior year. As such the application of these principles elucidated above to engineering design will be emphasized.

This course is a pre-requisite for most of the Petroleum and Natural Gas Engineering Major Courses. It is an elective course for majors such as Environmental Systems Engineering. It will be offered every Fall semester.


General Education: None
Diversity: None
Bachelor of Arts: None
Effective: Fall 2010 Future: Fall 2010
Prerequisite: ECON 002

Note : Class size, frequency of offering, and evaluation methods will vary by location and instructor. For these details check the specific course syllabus.