Current Course Offerings

Valuing Upstream Oil & Gas Properties Course

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The course will meet from October 20-21, 2015 8:30 am to 4:30 pm each day for two days.

  • New and up-to-date case histories of recent transactions with appraisal forms and checklists will be featured.
  • An excellent source of interaction between the various participants and the instructor.
  • Many professionals have attended several times learning something new each time as new case histories are added to the program.
  • You will receive a detailed course notebook of more than 200 pages.
  • You will receive a University of Tulsa Certificate of Completion.
  • This course has been applied for Continuing Legal Education, American Association of Professional Landmen Hours, and CPE Hours in many states.
  • The International Institute of Minerals Appraisers approves this course for CE hours.

For more information please go to the University of Tulsa website:

Coalbed Methane Short Course

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Gustavson has extensive experience in the Coalbed Methane (CBM) industry in both the exploration and development phases. As such, our Petroleum Engineers have used their experience to prepare a three day short course which breaks down the CMB industry.

Some of the topics that are covered include:

  • Conventional and unconventional gas reservoirs
  • Gas composition and source
  • Characteristics of CBM reservoirs and gas storage mechanisms
  • Definition of resource and reserve and the classification systems
  • Data management required for CBM evaluation and regulation
  • Well production forecasting and reservoir modeling
  • Frontier basin case studies and key developmental issues

This course is presented upon request only. For more information, contact Gustavson at 303-443-2209 or email us

Oil, Gas, and Mining Portfolio Management Training

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In order to effectively manage an oil, gas, or mineral interest it is first important to have a baseline understanding of the industry. Gustavson teaches a three day course that provides portfolio managment training of these assets.

Examples of topics covered include:

  • An overview of the oil, gas, and mining industries
  • Valuation methodologies
  • Energy economics and analysis techniques
  • Case studies

This course is offered upon request only. For more information contact Gustavson at 303-443-2209 or email us at .(JavaScript must be enabled to view this email address).

Mineral Resource Estimation

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(Presented in English or Spanish)

This is a class in the principles and practices of mineral resource modeling.  It reviews historical methods for resource estimation as well as computerized and geostatistical methods.  The class will discuss analysis of geological data by classic statistics and geostatistics including calculation and modeling of variography. The benefits and pitfalls of different estimation methods will be discussed including sectional and polygonal methods; and weighted average methods such as inverse distance to a power and Kriging. The implications of the volume variance relation will be discussed as well as methods for estimating dilution.

Special attention will be focused on mineral domain analysis, resource reporting concepts and strategies for resource classification.  The class consists of a mixture of lecture and practical exercises.  The class uses public domain software and data which will be provided.  It is suggested that each participant bring a laptop computer running the Windows XP or Windows 7 systems.