• The worldwide dynamics of supply and demand that drive the price of energy
• How the oil and gas industry works, with a focus on independent oil & gas companies
• The key processes (and costs) of finding, drilling for, and then producing oil & gas
• How landowners control and profit from the minerals underneath their land
• How various owners and companies negotiate the sharing of revenues
• Taxation and other accounting issues unique to oil & gas drilling and production
• How to financially evaluate whether to drill a well or buy into an existing well
• Ways oil & gas companies raise the funds needed to discover and drill
• Risk management techniques for fluctuating oil & gas prices
MGMT 5313 Energy Management 3 (3-0)
Focuses on terminology, concepts, and business issues that are particularly important to the energy industry. Topics include drilling and production terminology and concepts, an introduction to the importance of geology and geographic information systems to the oil and gas industry, negotiations, and land management. An emphasis is placed on the importance of the ownership of mineral interests and the process for determining such ownership. The process for obtaining mineral lease rights is examined.
ACCT 5313 Energy Accounting and Law 3 (3-0)
Focuses on providing an overview of the accounting and legal issues common in the energy industry for those who are not accountants. Accounting topics include accounting for working and royalty interests, depletion, intangible drilling costs, and the financial implications of taxation issues. Taxation issues include state ad-valorem and severance taxes as well as federal taxation issues, such as tax credits. Legal topics include negligence, legal process, and contract law, including oil and gas common joint operating agreements and participation agreements.
FINC 5313 Energy Industry Finance 3 (3-0)
Focuses on the financing and economics of oil and gas endeavors, including risk management, commodity and derivative markets, sources of financing, budgeting, capital budgeting and cash flow analysis, quantitative analysis pertinent to the oil and gas industry, methods of determining the value of production, and typical forms of doing business.
Scholarships:
Thanks to the generosity of the Thacker Family, MSU Texas Energy Management students have the opportunity to apply for an annual Thacker Family Petroleum Scholarship through the MSU Texas scholarship application process. The Desk and Derrick organization also awards several scholarships nationwide through their educational trust. More details on their program and application procedures for the scholarships can be found at The Desk and Derrick Educational Trust.