Strategic Considerations for Upstream Acquisition

The oil and gas industry has always been cyclical. Competitive advantage will always belong to companies whose employees are not only technically competent but also capable of capitalizing on changing market conditions across value chains and the globe.

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Overview

​​​​​​Develop a Resource Acquisition Strategy amidst interconnected hydrocarbon value chains and shifting market conditions. Recognize the range of risks associated with asset acquisition and the long-term value chain consequences of decisions made when acquiring new assets. Mitigate risks through partnering and the bidding process when pursuing resources with host governments. And be prepared to capitalize on opportunities and be a leader in your industry. Complete this class along with “Upstream Asset Development and Operations” to earn your Oil & Gas Immersion Certificate.

Energy

Learn and experience the critical decisions that must be made across the value chain to create enterprise value.

Three-Day Program

Registration begins at 9:30 a.m. and class runs 10:00 – 5:00 all three days with a one-hour lunch included.

BTS Consulting

Our partnership with BTS combines UT's academic research and a customized business simulation experience, developed by BTS, to practice concepts and apply learnings back on the job.

Benefits

  • Evaluate upstream asset acquisition and discovery within the context of interconnected hydrocarbon value chains
  • Recognize the complexities of the decision-making process utilizing current events (along with historic context, key terminology and concepts)
  • Identify value-add opportunities and avoid value leakage across supply chains and markets
  • Cultivate a global understanding of fiscal regimes and their impact on value creation
  • Consider sensitivity to trade-offs in portfolio risk management

Topics

  • Hydrocarbon Value Chains and Markets
  • Subsurface Risk and Uncertainties
  • Valuation of Oil and Gas Companies
  • Building Attractive Portfolios
  • Sim: Resource Acquisition Strategy
  • Evaluating Risky Opportunities
  • Fiscal Regimes
  • Commercial Strategy: Mitigating Risks
  • Sim: Bidding for a Block
  • Industry Dynamics & Organization
  • Value Drivers of Partnering
  • Sim: Partnering
  • Subsurface Risk & Uncertainty
  • Sim: Resource Exploration & Appraisal

Special Features

  • This virtual course will be hands-on and experiential, utilizing a customized business simulation that enables you to:
  • Practice developing an asset acquisition strategy
  • Compete against other simulated Oil & Gas companies to develop a successful offer to the resource owner to assess your strategic choices against peers
  • Bid for offshore blocks in a realistic country
  • Create a portfolio with consideration for the markets, contracts, pricing and partnerships

Who Attends

Broadly applicable across the oil and gas and other extractive industry value chains, the information and skills acquired in this segment of the course will benefit professionals among these groups:

  • Oil and gas company leaders who, in a low-oil-price environment, must make critical capital and operational decisions
  • Technical area managers in extractive industries who must recognize the long-term impact of decisions made today
  • Financial institutions and investors who are looking to protect their investments and to capture value during volatile industry cycles
  • Legal teams who must navigate increasingly complex industry dynamics to resolve partnering and contract stresses
  • Firms looking to provide oilfield, legal, and advisory services to operating companies that are undergoing major transformations in their businesses

NOTE: Although this experience is based on oil and gas industry material, many of the learnings, concepts, and tools are applicable to other extractive industries, as well. As wind and solar farms and battery storage capacities are expected to expand, there is a realization of challenges associated with minerals value chains, from gaining access to mining rights to the production, transportation, and refining of ores and the manufacturing of end products. These activities are akin to those along the oil and gas value chains. Skills associated with managing risks in cyclical industries, interacting with resource owners and partners, and designing and developing multi-year capital-intensive projects are as valuable to companies operating along the minerals value chains as they are to companies in the oil and gas industry.


Additional Information

Prerequisites:None
CEUs: Participants earn 1.8 CEUs for this course. A certificate of completion will be presented from Texas Executive Education.
Course Credits: 1.8


Faculty

R. Britt Freund

Dr. R. Britt Freund is Director of the Project Management Consortium at the McCombs School of Business, University of Texas at Austin. He is also the former Graduate Business Dean and Director of the Full-Time, Evening and Professional MBA programs at the school.

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Gurcan Gulen

Dr. Gülen is an energy economist with 25 years of international experience in policy and market research on oil, natural gas, and electric power value chains; and associated strategic technical assistance and customized capacity building in numerous countries.

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- BTS

With over 35 years of experience leveraging customized business simulations and experiential learning tools, BTS partners with organizations in strategy execution to engage people more deeply in the strategy, accelerate implementation, and deliver business results. BTS’s unique approach supports the alignment, skill development and behavioral change necessary for exceptional strategy execution. With deep expertise across the Oil & Gas, Mining and other extractive industries – a BTS experience provides you the opportunity to practice before you play in a high-fidelity decision making environment. For a company, the end results are quantifiable and measurable, illustrated in everything from revenue growth to increases in customer satisfaction and employee engagement. This is the first time a customized BTS simulation experience will be available in for open enrollment across the Oil & Gas, Mining and related industries.

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Upcoming Sessions

There are no sessions scheduled at this time. For more information about the next class date, please contact us at execed@mccombs.utexas.edu or 512-471-5893.