EBF 301
Global Finance for the Earth, Energy, and Materials Industries

Reading Assignment: Lesson 2


Before we begin our discussion of the logistics and value chain for natural gas and crude oil, we need to have at least a cursory understanding of the “upstream” processes for the exploration, drilling, fracturing, and production of these fossil fuels. The following readings and video support this learning.

Reading Assignment:

Oil and Gas Basics

Go to the PetroStrategies web site, click on the section marked "Oil and Gas Basics" and read the following sections:

  • Products from Oil and Gas Make Our Lives Better
  • What are Crude Oil and Natural Gas?

Viewing Assignment:

Understanding the Drilling Process

The focus of this course involves the sectors of the oil and gas industry known as “midstream” and “downstream.” These occur after the exploration and production, or “upstream” processes. In these videos, you will view this aspect of the energy industry and see how the drilling, completion and production of an oil and/or gas well is accomplished from start to finish. This will give you a cursory understanding of how oil and gas is developed. The midstream and downstream activities start once the oil and gas has risen to the top of the well and is ready to be produced.

Natural Gas from Shale
Using Hydraulic Fracturing and Horizontal Drilling for Natural Gas Production

Reading Assignment:

Fracturing Operations

Go to the PetroStrategies web site, click on the section marked "Fracturing Operations" and read the following sections:

  • Hydraulic Fracturing
  • Fracturing Fluid
  • Proppant
  • Environmental Concerns
  • Marcellus Shale Regulations