51852aca_y_and_Natural_Resources_Center__Course_Description
[0] Fall 2015 [Course] 7372 Upstream Economics [Credit] 3 [Course Area] Energy, Natural Resources and Environmental Law Non-Law Courses [Course Description] 
Objectives � Understanding of the physical systems affecting the exploitation of hydrocarbon accumulations � Understanding the economic structure and issues associated with key upstream processes. � Ability to construct and use financial models and performance measures for the upstream business � Appreciation of the key management decisions and the considerations that go into them in the highly uncertain exploration and production businesses Requirements 1. Participation on a student team in a competitive simulated oil and gas exploration and production venture, concluding with an assessment of the team�s results and lessons learned 2. Preparation and use of a financial model using Excel 3. Two team presentations relating to case studies used in the course 4. Two brief recommendation papers relating to case studies used in the course 5. A final examination problem
University of Houston Law Center - Environment, Energy and Natural Resources Center
Course Description