Sproule Training

Course Length: 2 days

Category: Reserves Evaluations

Developed by Sproule and offered in partnership with the Canadian Association of Land & Energy Professionals (CALEP) , 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 and energy professionals with an understanding of what oil and gas evaluators do and what they report. This course is worth 12 CALEP credits. This course will be taught in person at the CALEP Calgary training site.

Cancellation Policy

Any registration cancellation requests must be made on or before September 27, 2023, and will be subject to a $250 processing fee.

We reserve the right to cancel the course if minimum registrations levels are not met. As such, please purchase refundable/transferable airfare if you are flying in for this course. Decisions regarding cancellation will occur several weeks before the start date, and registrants will be notified and refunded if the course does not run.

Course Length: 2 days

Category: Reserves Evaluations

This 2-day course presents the fundamental components of the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) and provides examples of classification of recoverable volumes of oil and gas in prospective resources, contingent resources, and reserves as the prospects advance towards maturity.

At the end of the workshop, participants will fully understand the PRMS and how to allocate recoverable volumes to the appropriate reserve categories or resources, and to the project’s maturity sub-class. The theoretical material of the course is complemented with exercises to strengthen the concepts on which the PRMS is based.

The resource definitions and course reservations will focus on the specific methodologies used in the PRMS, but they will also compare the classification system and definitions with those used in the Securities and Exchange Commission (SEC), the Canadian Oil and Gas Evaluation Handbook (COGEH), and other regulatory bodies.

Category: Technical

Assessment of plays and prospects is an important tool in managing financial and human resources. This course is a fully modern approach to defining prospect and play volumetrics, uncertainties in defining these volumes and the risk that the accumulation exists. This practical course is adaptable to any workplace. The course evaluates other published approaches and contrasts them with the recommended procedures allowing the participants to choose the very best approach to resource evaluation. This course offers the industry quantitative, probabilistic play and prospect assessment procedures that are consistent and repeatable allowing for direct comparisons play to play or prospect to prospect.

The concepts and techniques learned in the course are applied to real industry examples in exercises and workshops. Tools include comprehensive assessment forms for prospects and plays, and graphs, data tables, and guidelines for making all assessment decisions. These tools help participants estimate risks and success ratios, field-size distributions, field and prospect densities, trap geometry corrections, multiple reservoir factors, porosities, permeabilities, saturations, formation volume factors, gas/oil ratios, formation temperatures, oil and gas recovery efficiencies, API gravities, gas gravities, NGL ratios, and oil and gas yields from source rocks. The forms and procedures are easily adaptable for internal usage in any oil and gas organization. All factors can be handled in either metric or English units.

Course Length: 5 days

Category: Reserves Evaluations

Developed by Sproule and offered in partnership with the Society of Petroleum Engineers (SPE), this complete 5-day course presents the foundational components and techniques of evaluating global oil and gas properties. By the end of this course, participants will fully understand the evaluation process, where to source the appropriate data, how to evaluate an oil and gas property, how to interpret evaluations done by others and, ultimately, how to make sound investment decisions. The course lecture material is supported by a number of workshop exercises. This course is worth 4.0 Continuing Education Credits (CEUs) through SPE Canada. This course will be taught in person in Calgary, AB.

Cancellation Policy

Any registration cancellation requests must be made on or before March 28, 2025, and will be subject to a $250 processing fee.

We reserve the right to cancel the course if minimum registrations levels are not met. As such, please purchase refundable/transferable airfare if you are flying in for this course. Decisions regarding cancellation will occur several weeks before the start date, and registrants will be notified and refunded if the course does not run.