|Expanded Basic Petroleum Economics - BEC|
|Petroleum Risk and Decision Analysis - PRD|
|Cost Management - CM|
Discipline: Petroleum Business
Duration: 5 days
Instructor(s): Robert Boyd, Tim Nieman
Few problems threaten the petroleum businesses more than uncontrolled costs. Economic realities have made it necessary for most companies to operate with a lean and mean philosophy. Industries previously operating under regulatory rules, which allowed them to pass on all costs to the customer, now face a changed regulatory environment. As the price of our products fluctuates widely, the most vulnerable companies are those that are ineffective in understanding and managing their costs.
Historically energy companies have relied on the efficiency of their operations to drive company profitability. The ability to properly manage costs is now paramount in a company's success and even their ultimate survival. As the energy industry goes through its most monumental changes since the 1970s with huge swings in prices and costs, the companies that can identify efficiencies and inefficiencies will be able to react to the challenges of the global market place, thus generating higher profits. The course will cover costs management from the basics to the most recent events and trends, using relevant exercises, timely case studies, and role-playing techniques. This seminar is an introduction to Practical Cost Management techniques designed to help the participant better understand the underlying dynamics of cost, which will lead to better decision making concerning products and services, work flows, capital investments, as well as the day-to-day monitoring of the business.
"The course was great. I liked the course content." - Forecasting and Reporting, Ghana
"Thak you for this training!" - Economist, Turkmenistan
Operating managers, field personnel, project managers, technology managers, budget managers, or practically anyone in the company wanting to manage costs in a more efficient and effective manner. A familiarity with finance is helpful but not required.
You Will Learn:
MR. ROBERT E. BOYD, CPA, MBA, CGMA is the Founder and President of Boston Street Advisors, Inc. an investment banking and financial advisory firm in Tulsa, Oklahoma. He is also the founder of Boston Street Capital, a private equity investment firm, and a co-founder and Managing Member of Boston Street Capital Partners, LLC, a capital management company. Mr. Boyd has over thirty years of experience in the fields of capital formation, international finance, investment and portfolio management and investment banking. Prior to forming his own firm, he worked in the accounting department for Warren Petroleum Company, a division of Gulf Oil, and at Reading & Bates Corporation where he was supervisor of corporate accounting and a senior financial analyst. He has also held positions as Chief Financial Officer - Treasurer and Manager of Treasury in the manufacturing sector and senior financial analyst for a major international energy company. Mr. Boyd's international experience includes engagements in Europe, Asia, Canada, South America, and the Middle East.
Mr. Boyd has been involved in over 30 corporate ventures and has successfully negotiated several business transactions including the planning and restructuring of over $500 million of corporate debt for a major multi-national energy concern, and has served as exclusive financial advisor for the financing and sale of several mid-market companies across a variety of industries. He has also played key roles in establishing a sales and distribution office in Germany and has advised major energy and service companies in the areas of shareholder value and performance measurement. Since founding his own firm, Mr. Boyd has advised management and shareholders on capital acquisition, business development, transaction structuring, valuation services and strategic business planning for mid-market companies.
He currently serves on the National Advisory Council of the US Small Business Administration and serves on several corporate and civic boards including the Tulsa University Friends of Finance and the University of Tulsa Student Investment Fund. He has served as chairman of the Capital Exchange Committee of the Wharton Club of New York where he founded the Wharton Investor Resources Exchange, a network of capital investors and companies headed by Wharton Alumni and is a past president of the Graduate Business Association of the University of Tulsa. Mr. Boyd is a current member of the American Institute of Certified Public Accountants and is listed in Who's Who of Global Business Leaders. He has been an adjunct professor of Finance for the University of Tulsa.
Mr. Boyd holds a BS in Business Administration from Phillips University with majors in Finance and Accounting and a Master of Business Administration from the University of Tulsa, graduating with honors. He graduated from the Wharton Advanced Management Program of the Wharton School of the University of Pennsylvania and is a Fellow of the Wharton School. Mr. Boyd is a member of Beta Gamma Sigma, the honor society for collegiate business schools and is a Certified Public Accountant in the state of Oklahoma and a Certified Global Management Accountant. He holds a series 65 securities license.
MR. TIM NIEMAN has 30 years of experience as a risk and decision analyst, economist and petroleum scientist. His professional experience includes 20 years in leading and conducting projects of various sizes and scopes involving the application of decision and risk analysis methodologies in the energy and environmental sectors, and 10 years as a practicing petroleum geophysicist. His background includes work in decision analysis, risk analysis, business modeling, financial forecasting, strategic planning, R&D portfolio management, software development, geology, and geophysics. Mr. Nieman has also taught numerous training seminars in decision analysis, economics and quantitative modeling. He has a BS in geology and an MS in geophysics from Michigan State University, and an MBA from Rice University.
In-House Course Presentations
All courses are available for in-house presentation to individual organizations. In-house courses may be structured the same as the public versions or tailored to meet your requirements. Special courses on virtually any petroleum-related subject can be arranged specifically for in-house presentation. For further information, contact our In-House Training Coordinator at one of the numbers listed below.
Telephone 1- 832 426 1234
Facsimile 1- 832 426 1244
Public Course Presentations
How to contact PetroSkills:
1-800-821-5933 toll-free in North America or
Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A