Oil & Gas Industry Operations and Markets Coursera Week 2

In this blog you will find the correct answer of the Coursera quiz Oil & Gas Industry Operations and Markets Coursera Week 2 mixsaver always try to brings best blogs and best coupon codes
 

week- 2

Oil and Gas Markets – Costs

 

1. What has to be determined at the “casing point”?

 

2. Which of the following is a major cost in oil and gas exploration that occurs before the casing point?

 

3. Who bears the drilling and production costs of an oil and gas well?

 

4. In addition to a royalty, an overriding royalty may also need to be paid on sales of oil and gas production from a well if what?

 

5. What is the “payout” point?

 

6. The “1” in the 3-2-1 crack spread refers to a barrel of diesel.

 

7. Variation in what leads to significant differences in the price of gasoline from one state to the next?

 

8. What is an important component to the cost of natural gas for residential customers but not for operators of natural gas power plants?

 

 

Oil and Gas Markets – Prices

 

1. Demand for oil changes significantly with the price of oil; e.g., demand falls when the price of oil rises.

 

2. Crude oil prices in the U.S. are particularly sensitive to which of the following?

 

3. U.S. natural gas prices vary seasonally because…

 

4. When during the year do gasoline prices in the U.S. tend to be lowest?

 

5. A decrease in the production of oil from Saudi Arabia has often what?

 

6. When futures prices for oil increase with increasing months into the future, the prices are said to be in what?

 

7. Which is a factor that determines the spot price for a crude oil in the U.S.?

 

8. Over-the-counter contracts for oil and gas are…

 

 

 

Oil and Gas Markets – Future of O&G

 

1. Which of the following is the most important factor governing the market value of an oil/gas exploration company?

 

2. The “net pay” of a reservoir differs from it “gross pay” in that the former is…

 

3. For an oil & gas company listed on a U.S. stock exchange, what type of reserves can the company claim as being producible in their financial reports?

 

4. A decrease in the price of oil does what?

 

5. When oil/gas prices are very low, a cost effective way for an exploration and production company to increase its oil/gas reserves may be to what?

 

6. A national oil company like Saudi Aramco differs from an international oil company like Chevron in which of the following ways?

 

7. Shale gas can be considered a form of what?

 

8. What region of the world that may contain significant oil and gas resources remains poorly explored?

 

 

 

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