Instructor

Tom Seng, MBA
Asst. Professor – Energy Business
School of Energy Economics, Policy & Commerce
Collins College of Business
The University of Tulsa

Who Should Attend

Those involved in all sectors of the oil & gas industry (upstream, midstream, downstream) needing to understand energy market pricing, trading and hedging.

• Managers
• Oil & Gas Accountants
• Contract Administrators
• Schedulers
• Financial Analysts
• Junior-level Marketers & Traders
• Controllers
• Planners
• Policy Analysts
• Consultants

*There are no prerequisites for attendance and no prior knowledge of the topics to be covered is necessary for attendance.

During this two-day seminar, you will learn…

• How the market for oil, natural gas, heating oil and gasoline functions
• How to interpret various factors that can influence energy prices
• About financial markets for energy commodities including energy financial derivatives
• What it takes to be proactive in planning for and reacting to the many factors at play in ever-changing energy prices
• How to hedge energy price/market risk and how hedging is used by various groups within the energy industry
• An in-depth understanding of how to hedge price/market risk in the energy marketplace.

Program Highlights & Benefits

• Access “real-time” energy futures price quotes and practice ‘trading’ during the program considering various factors that influence energy pricing and make determinations as to market direction
• Gain a better understanding of the dynamics of energy pricing both physical and financial
• Learn why and how entities hedge their energy price/market risk and the various financial energy derivatives used in that process
• Assess both the US domestic and global markets for energy commodities

Key Take-Aways:

• Enhanced knowledge of ‘market’ terminology
• Practical understanding of energy risk management
• An appreciation of the many domestic US and global factors that impact energy pricing

Level:

Introductory

Course Outline

• Oil and Gas Market Overview

Data on Domestic & Global Supply-Demand

• Factors that Influence Oil & Gas Prices

Weather, Economic, Geopolitical, Supply/Demand, Currency, Key Government Inventory Reports, Electric Generation, Regulatory Measures

• Logistics & Value Chain for Natural Gas & Crude Oil

Natural Gas Wellhead-to-Burner tip: Gathering & Processing; Transmission & Storage; End-Use; Imports/Exports
Crude Oil Wellhead to Pump: Gathering/Trucking/Rail/Barge/Tanker; Refining; Retail & Petrochemicals; Imports/Exports

• Transportation & Storage Rates

Service Levels; Rates & Tariffs; Quality Specs

• Cash Markets for Oil & Gas

Polling Methodologies/Surveys; Major Publications & Indexes

• The New York Mercantile Exchange

History of NYMEX; Futures Contracts for Oil & Gas; “Pit” vs. Electronic Trading; High-Frequency Trading

• Financial Energy Derivatives

Forwards vs. Futures; Swaps; Spreads; Options

• Energy Hedging Using Financial Derivatives

Simple, “Fixed-Price” Hedges: Producer, End User
Spread Hedges, “Crack”, “Frac”, “Spark” Options: Puts-Producer, Calls-End-Users, “Collars”

• Risk Controls in Energy Trading & Hedging

Case Studies; Policies & Procedures; FAS-133 Hedge Accounting

Accreditation

This class meets the criteria for continuing professional development in many state and national professional organizations.

• Professional Development Hours (PDHs) = 12.5
• Continuing Education Units (CEUs) = 1.25

Course Fee

• BEST DEAL DISCOUNT: $1,295.00 per person (register super early to get this deal)
• Team Discount (2 or more): $1,595.00 per person
• Early Enrollment Discount: $1,595.00 per person
• Regular Tuition Fee: $1,995.00 per person

Dates, Times & Locations

The seminar meets from 8:30 am to 4:30 pm each day.
May 1-2, 2019 * Houston, Texas
Hyatt Regency Houston/Galleria Hotel
2626 Sage Road
Houston, TX 77056
(832) 803-1234

June 5-6, 2019 * Tulsa, OK
University of Tulsa – Henneke Building
1204 S. Harvard Avenue
Tulsa, OK 74112
(918) 631-3088