A One-and-a-Half-Day Classroom Seminar - In Partnership with Reese Energy TrainingThis is the essential seminar for anyone who seeks to understand the elements of the natural gas midstream, NGL, and Gas Processing sectors. This is an excellent course for new hires, back office personnel, field operators, and anyone needing the best overview of the midstream sector given. This seminar will give the attendee an excellent view of midstream operations, financial considerations, commercial contracts, and the nuances of the industry. We will cover gas gathering, processing, compression, treating, NGL’s, residue gas, and fuel and shrink. Class exercises are given to show the process of natural gas from the wellhead through the midstream process. Calculations on shrinkage, fuel, NGL recovery, and pricing are done as well.
What You Will Learn
- An overview of the U.S. Natural Gas Grid – Midstream, Transmission, and Local Distribution
- The Basics of Gas Composition and Measurement
- An understanding of heating value and its relationship to NGL’s
- The nomenclature around the Midstream Sector – Rich vs. Lean, Wet vs. Dry, PVR, PTR, Shrinkage, Light End vs. Heavy NGL’s and much more.
- The story behind Gas Pricing – Cash, Index, Fixed Pricing
- Learning the fundamentals behind NGL Marketing, Extraction, and Fractionation
- An understanding of Midstream operations – Gathering, Treating, Compression, and Gas Processing
- Thorough review and discussion on various Midstream Commercial Deals – P.O.P., Fixed Fuel and Recovery, Keep Whole, P.O.I. and others.
- Understanding Commercial Contract language and the nuances
- Class exercises calculating NGL allocations, fuel, shrink, and net values for different deals.
- Midstream contract negotiation strategies.
Your Instructor
Steve Reese
Steve Reese is the President of Reese Energy Consulting which was formed in 1994. Reese Energy Consulting has offices in Oklahoma City, Tulsa, and Dallas. Their main business focus is gas, oil, and NGL marketing, midstream asset business development and management, gas processing contract negotiations, asset evaluation, and pipeline / midstream acquisition and divestment. Mr. Reese has over 35 years’ experience in the natural gas business. Reese has helped acquire and operate midstream assets over his career with total values exceeding $1 Billion.
His client list includes all phases of the gas business including small and large producers, major law firms, utilities, midstream companies, and end users such as: Pemex, Linn Energy, Williams Natural Gas, The University of Oklahoma, The United States District Court, Redbud Energy, Centerpoint Field Services, Gulfport Energy, West Texas Gas, and Mustang Fuel.
He is also the founder and CEO of Reese Energy Training, Inc. and has taught Natural Gas Basics, Midstream, NGL, and Gas Processing Courses to every major energy firm in the U.S. and to over 10000 industry professionals. Reese’s in-house training clients include: Devon Energy, Samson, Lumen Energy, Oneok, Boardwalk Pipeline, Yates Petroleum, Enbridge, LDC Gas Forums, Detroit Edison, and ProLiance.
He is a recognized industry speaker with recent engagements for The Oklahoma Marginal Well Commission, The National Royalty Association, the Kansas Independent Oil and Gas Association, The Natural Gas Society of Oklahoma, the Desk and Derrick club, the Oklahoma Law Review, and the Permian Basin Gas Society.
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Seminar Agenda
DAY ONE8:30 – 10:00 AM -
The Natural Gas Grid- Gathering, transmission, distribution overview
- Gas composition and measurement
- Heating value, Rich vs Lean Gas
- Quality
10:00 – 11:00 AM -
Gas and NGL Marketing11:00 – 11:30 -
Gas Gathering- Operational aspects, ROW
- Pressures, line sizes
- Various Commercial Terms
11:30 – 12:30 -
LUNCH12:30 – 1:30 -
Gas Compression / Treating- Low vs. High Pressure
- Types of Compressors
- Treating Types
- Commercial Fees for compression / treating
1:30 – 2:30 PM -
Gas Processing- Operational Overview
- Various Plants / Recoveries
- U.S. Gas Processing Data
- Commercial Deals – POP, POI, Fee Based
- Plant allocations / settlement statements
- Trends, Historical Players
2:30 – 3:30 PM -
NGL’s- What are NGL’s?
- Fractionation
- Fractionator Data / Locations
- NGL Markets / Pricing Strategies
3:30 – 4:30 PM -
Form Contracts- Processing Agreements
- Gathering Contract
- NAESB Contract
DAY TWO8:30 – 10:00 -
Contract Terms and Language- Pricing, Delivery Point, Term
- Pressures, Quality Specs, Economics
- Measurement, Testing, Force Majeure
9:30 – 10:00 -
Negotiation Strategies- Price – Residue / NGL / Contractual
- Term / Evergreen
- Uneconomic Situations
10:00 – 11:30 -
Class Exercises- Plant Allocation of NGL’s
- Fuel, Shrink, Loss
- Net Values for Different Deals
Venue
The venue is not yet available for this event.
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Who Should Attend this Seminar
New hires, commercial reps, IT personnel, mid-level management, back office and accountants, gas control, and business development.
Prerequisites and Advance PreparationThere are no prerequisites. Calculators needed for the Midstream Course – Laptops not needed
Program LevelBasic level. This fundamental course begins with basic material and then proceeds to the intermediate level.
Delivery MethodGroup-live.
Hotel and Seminar Information
Ambassador Hotel
1324 S. Main Street
Tulsa, OK 74119
Telephone: 918-587-8200
View Seminar Location WebsiteBecause of the diversity of hotels found in the area, we will not be holding a block of sleeping rooms with one particular hotel.
