utulsa.edu

Navigating Energy Markets… A Two-Day Primer

This dynamic two-day Energy Markets Primer provides a practical understanding of the physical and financial markets for natural gas, crude oil, unleaded gasoline and heating oil, providing you with the knowledge needed to successfully navigate this volatile market. It helps eliminate the mystery around what many consider a daunting topic.

The instructor will lead an 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 and energy futures contracts
  • Speculative trading for profit
  • Hedging price risk for producers & consumers of energy
  • Risk controls in Energy Trading & Hedging

BEST DEAL DISCOUNT: $1,295.00 per person (register super early to get this deal)

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

Upcoming Classes

May 1-2, 2019 * Houston, TX
BEST DEAL DISCOUNT Deadline: March 20, 2019
Early Enrollment Discount Deadline: April 3, 2019
Registration Form (pdf)
Register Online
June 5-6, 2019 * Tulsa, OK
BEST DEAL DISCOUNT Deadline: April 24, 2019
Early Enrollment Discount Deadline: May 8, 2019
Registration Form (pdf)
Register Online

 

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