utulsa.edu

Navigating Gas & Energy Markets… A Two-Day Primer

This dynamic two-day Gas & Energy Markets Primer provides a practical & real-world understanding of the physical and financial energy markets… natural gas, crude oil, unleaded gasoline and heating oil… providing you with the knowledge needed to successfully navigate this volatile market. Terminology, concepts, and the mechanics will be reviewed and discussed with an objective of helping eliminate the mystery around what many consider a daunting topic.

Those involved in all sectors of the oil & gas industry (upstream, midstream, downstream) needing to understand energy market pricing, trading and hedging will benefit from attending this program. They will be able to apply the information gained immediately to their jobs become more efficient, productive, and successful.

The instructor, Tom Seng, will lead an in-depth examination and discussion on the factors that influence energy pricing including:

  • Energy Logistics & Value Chain
  • Physical “cash” market for energy and the related published indexes
  • New York Mercantile Exchange (NYMEX)and energy futures contracts
  • Speculative trading for profit
  • Hedging price risk for producers & consumers of energy
  • Risk controls in Energy Trading & Hedging

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.

Walk Away With…:

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

Sign up Today! Don’t miss the BEST DEAL DISCOUNT: $1,295.00 per person (register super early to get this deal)

Contact our office to sign-up today! Online registration Now Available – Sign-up Below.
The University of Tulsa, CESE
Phone: 918-631-3088
Email: cese@utulsa.edu

SCROLL DOWN FOR ADDITIONAL COURSE INFORMATION & PROGRAM OUTLINE

Upcoming Classes

June 5-6, 2019 * Tulsa, OK
Seminar POSTPONED.

Registration Closed

Instructor

Tom Seng, MBA
Asst. Professor – Energy Business
School of Energy Economics, Policy & Commerce
Collins College of Business
The University of Tulsa
Author of a new book available this summer from PennWell Publishing, “Energy Trading & Hedging: A Nontechnical Guide”

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.

Learning Outcomes

  • 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
  • Hands-on learning exercises enhance understanding of the major trends

Key Take-Aways:

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

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.

June 5-6, 2019 * Tulsa, OK
POSTPONED.