A One Day Seminar - In Partnership with Reese Energy Training
This is the essential seminar for anyone who seeks to understand the elements of the
natural gas industry from exploration through delivery to the home or industry; commonly referred to as "from wellhead to burner tip". The seminar features hands-on activities, numerous industry standard documents and hand outs, knowledge assessments and a substantial course binder.
What You Will Learn
- An excellent overview of the Natural Gas Grid
- The basics of gas composition, quality, measurement, and heating value
- Nuances of E & P leasing, operations, and ownership
- Midstream, Transmission, and Utility pipeline operational overviews
- The Midstream processes – Gathering, Treating, Compression, Processing
- Regulated pipeline processes – right of way, booster stations, safety, storage
- The economics of each gas sector – Midstream, Transmission, LDC
- Definitions and discussions on LNG, gas hubs, CNG, pooling points
- Gas marketing and strategies – cash, index pricing, fixed pricing and hedging
- Defining who the gas players are: producers, midstream, end users, marketers
- The historical perspective – regulatory times, restructuring, FERC orders, today
- Review of form contracts – NAESB, processing agreements, gathering agreements
- Scheduling – nomination process, pipeline balancing and penalties, allocations
- Today and tomorrow – Reese’s perspective on where the gas market is headed
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
8:30 - 9:30 AM
The Natural Gas Grid- Gas composition and measurement
- Heating value
- Quality
9:30 – 10:30 AM
Exploration and Production- Mineral leasing
- Pipeline operations
- Midstream sector
- Compression
- Natural gas processing
- Fractionation
10:30 – 11:30 AM
Transmission Pipeline Operations- Pipeline right of way
- High pressure compression
- Pipeline control centers
- Safety
- Storage
- Liquefied natural gas
12:30 – 2:00 PM
Natural Gas Economics- Pipeline economics
- Midstream economics
- Processing economics
- LDC economics
- Transmission / transportation economics
- Interruptible and firm transportation
- Natural gas hubs
2:00 – 3:00 PM
Gas Marketing- Midstream gas marketing
- Transmission and LDC areas
- Gas players
- Gas pricing
- Hedging
- History of the exchange
- Gas marketing strategies
3:00 – 4:00 PM
Regulated and Subsequent Deregulated Times
- Historical summary
- Restructuring and deregulation
- Historical gas prices
- Form gas contracts
- Gas scheduling and nominations
- Allocations and balancing
4:00 – 4:30 pm
Today and Tomorrow- Prices
- Hot exploration and production areas
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.
Program LevelBasic level. This fundamental course begins with basic material and then proceeds to the intermediate level.
Delivery MethodGroup-live.
Hotel and Seminar Information
This one-day seminar will be held at the hotels listed below. The seminar will start promptly at 8:30 AM and will finish at 4:30 PM. The program includes continental breakfast, lunch and coffee breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.
Marriott Palm Beach Gardens400 RCA Boulevard
Palm Beach Gardens, FL 33410
Telephone: 561-622-8888
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.
