Dr. Weijermars teaches/supervises the following courses at Texas A&M University
Undergraduate:
PETE 353 – Petroleum Project Evaluation
Course Description: Economic analysis and investment decision methods in petroleum and mineral extraction industries; depletion, petroleum taxation regulations, and projects of the type found in the industry; mineral project evaluation case studies.
Graduate:
PETE 664 – Petroleum Economics, Deterministic Petroleum Project Appraisal & Reserves Maturation.
Course Description： The deterministic evaluation of a petroleum prospect commonly makes use of decline curve analysis (or alternative techniques like analogy reserves, material balance, or reservoir simulation) to estimate the resource volume, reserves categories and establishes a rate for the production output. The prospective net present value (PNPV) of that production rate is then computed using discounted cash flow analysis. The acquired insight enables one to make informed business decisions about investment in field development projects. The functioning of a petroleum corporation is explained as a cash-flow machine with financial reporting plight. Participants are able to read and explain corporate cash flow statements, income statements and the balance sheet. The profitability of a field project is not only impacted by the quality of the hydrocarbon resources and the production profile but also by the type of contract for the E&P rights (royalties & fiscal take). The range of agreements is reviewed. The reserves provide the principal collateral for debt-financing to cover employed capital in current and future projects.
PETE 667 – Probabilistic Petroleum Economics and Reserves.
Course Description: Probabilistic evaluation techniques for oil & gas properties, including reservoir descriptions, economic analyses, reserves classifications and decision making. Computation of mean, median, standard deviation, percentile and distribution type for a population and use of those parameters in a probabilistic analysis. Construction of expected value trees for oil & gas applications. Construction of Monte Carlo simulations for oil & gas applications, using @Risk Excel add-in module. Assignment of reserves to a probabilistic reserves classification system and use of probabilistic outputs for making a business decision. Making recommendations, conclusions and results of a probabilistic evaluation in a well-organized report.
Graduate Research Project Supervision:
PETE 685 – Directed Studies
Course Description: Students undertake and complete limited investigations not within their thesis research and not covered in established curricula.
PETE 691 – Research
Course Description: Students undertake advanced work on some special problem within field of petroleum engineering. This is a thesis course.
PETE 692 – Professional Study
Course Description: Approved professional study or project. May be taken more than once but not to exceed 6 hours of credit towards a degree.
For more information on graduate level petroleum engineering courses taught at Texas A&M University, click here.