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Reserves Evaluations / EVAL-03 / 2 days

Evaluation of Oil & Gas Properties for Land Professionals

Miles Hughes P.Eng.

Senior Petroleum Engineer and Manager, Strategic Advisory

Matthew O’Blenes P.Eng.

Senior Petroleum Engineer

Hayley Silberg P.Geo.

Geoscientist and Manager, Sproule Training

Cameron Six P.Eng.

President and CEO



This 2-day course is focused on helping participants understand both the process of developing evaluations and the resultant cash flow outputs. The goal is to provide land professionals with an understanding of what oil and gas evaluators do and what they report.


  • Definitions of reserves and resources, and what they mean to a company
  • The process of estimating reserves and resources
    • Income method, calculations of recoverable volumes, price forecasts, operating and capital costs, and royalties
  • Need for discounting of cash flows
  • Profitability indices
  • Public reporting requirements

Designed for

This course is suited for oil and gas land professionals who are involved in the evaluation of oil and gas development opportunities, reserves assessments, and mergers and acquisitions or dispositions of assets.