Energy Training & Electric Power Classroom Seminars

Fundamentals of Today's Natural Gas Industry, Value Chain Infrastructures and Overview of Wholesale Transactions
A Two-Day Classroom Seminar (CPE Approved)
Houston, TX - December 9 & 10, Homewood Suites by Hilton Houston Near the Galleria

This comprehensive and clearly explained program is for professionals who are seeking an in-depth understanding of today's North American natural gas industry and want to be up and running to make intelligent and prudent trading and buying decisions.

Learn how the transportation/delivery infrastructure works and how deals are done. Know who the natural gas market participants are and how commercial transactions occur along each segment of the value chain. Understand and apply your knowledge of how the wholesale natural gas and transportation markets operate and where the new opportunities are in today's dynamic natural gas marketplace.

You will be more confident and benefit from knowing comprehensive nuts-and-bolts fundamentals through to understanding financial transactions and strategies to start making money and avoiding costly mistakes. Click here to register.

What You Will Learn
  1. A detailed understanding of all parts of the natural gas value chain, infrastructure components and how the natural gas industry operates across the value chain spectrum.
  2. What natural gas is, how it is created, the different "types" of natural gas based on various factors and sources, terminology, measurements and conversions.
  3. The essential of understanding how gas is used, by whom and what are demand drivers and related issues.
  4. The basics of natural gas production, drilling techniques and economic and market issues around production operations in different types of production basins that impact supply availability.
  5. What does the unprecedented growth of unconventional gas supplies mean for the future of natural gas production and how will it change infrastructures and prices.
  6. The issues and dilemmas the industry faces in obtaining supply from traditional and frontier basins as well as unconventional supply sources.
  7. The basics of gas gathering operations, market and regulatory issues.
  8. What gas processing is, how is operates, NGL extraction flows, the importance of the "frac-spread" and related economic issues in today's market.
  9. The importance of gas quality issues and the economic, operational and regulatory concerns about gas quality and the different concerns along the value chain about gas quality and interchangeability.
  10. The keys parts of natural gas pipelines, how pipelines operate, who the pipeline players are and the significant issues pipeline face in a changing market.
  11. The importance of storage, the different types, operations and why storage development is a "hot" issue.
  12. How LNG storage and import terminals work and environmental and other concerns
  13. Significant LDC physical plant-related operations, how they work, LDC economic and rate worries and regulatory trends in today's market.
  14. Who regulates what, where, how and why and how FERC policy, major Orders and regulations have evolved into today's "open access" environment.
  15. How natural gas delivery and storage is regulated across the value chain and how it evolved to today's "open access" environment.
  16. Significant FERC regulatory initiatives, policies and Orders that have transformed the industry and currently "hot" policy and regulatory issues that may significantly change how the industry operates and the information it collects and disseminates.
  17. The impacts of FERC's policies on new pipelines, expansions and capacity.
  18. Evolving State regulatory concerns, issues and the changing role of state regulators.
  19. Overview of regulated rate components and rate design and new rate and policies on the horizon.
  20. The fundamentals of Certificate and Rate Proceedings and how to understand capacity matters and pipeline tariffs, transportation services, agreements and rates.
You Will Also Learn
  1. How to assess transportation services and options and understand the wide range of transportation services and agreements.
  2. How the natural gas transportation and capacity release business is handled along each segment of the delivery value chain and how it operates.
  3. The essentials of "locational" basis differentials and the changing dynamics of transportation capacity markets due to unprecedented infrastructure growth.
  4. The details of gas transportation, pooling, nominations, confirmations, scheduling, receipt and delivery point priorities and balancing through the delivery chain.
  5. What PDAs, OBAs, OFOs, etc., allocations, penalties, interruptions and curtailments are, and why they are important.
  6. The terminology, concepts and mechanics of physical natural gas trading, wholesale market centers, and pool-to-pool virtual title transfers.
  7. The changing dynamics of capacity markets with new production sources, pipelines, storage and LNG projects and the impacts on overall gas transactions, including commodity pricing, basis differentials and pipeline capacity.
  8. Who the key commercial value chain participants are and how they manage their respective segments and their different objectives.
  9. How marketers put together and process deals through each step in the "Front, Middle and Back Offices".
  10. How wholesale gas trading is done at physical market centers versus electronic exchanges and their inter-dependencies.
  11. Natural gas pricing concepts and mechanisms and the essentials of locational basis, commodity pricing and overview of the different types of price hedging tools.
  12. The essentials of wholesale natural gas commodity pricing, factors impacting price volatility and retail commodity price components.
  13. The major types of transaction risks, the fundamentals of price risk management and risk assessment in commercial operations.
  14. Natural gas pricing concepts and mechanisms and the essentials of locational basis, commodity pricing and an overview of the different types of price hedging tools.
  15. How to apply pricing strategies, market prices, risk profile and load requirements for gas procurement strategies and requirements.
Your Instructor - Houston

Greg Peters
Greg Peters is President, EnVision Energy Solutions and the natural gas consultant to the Midwest ISO and author of several of the MISO’s electric – natural gas infrastructure interdependency studies. Mr. Peters has over 25 years of energy industry consulting and management experience and is an expert in energy products and services marketing and supply planning, procurement and energy management. Mr. Peters' consulting experience includes several years as Manager of Price Waterhouse's National Public Utilities Consulting Services and currently as President, Envision Energy Solutions Company. Envision provides gas, electric and fuel management consulting services to a wide range of industrial, commercial and municipal end-users. Previously, Mr. Peters has had fuel procurement, fuel management and planning responsibilities for Columbia Energy Services Corporation, Equitable Gas Company, and The Peoples Natural Gas Company.

Who Should Attend this Seminar

Professionals from natural gas and electric utilities, energy producers, pipelines, municipals, energy marketers, banks, government regulators and industrial companies; energy and electric power executives; new hires; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators, engineers, corporate planners and anyone needing a strong foundation in the U. S. and Canadian natural gas business.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Program Level

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.

Delivery Method

Group-live.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs. View Past Seminar Attendees

Hotel and Seminar Information
This two-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:30 AM and will finish at 4:00 PM on the first day. On the second day, the seminar will resume at 8:30 AM and will finish at 3:00 PM. The program includes continental breakfast, lunch, and coffee/cookie breaks for each day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars
December 9 & 10
Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305
Because of the diversity of hotels found in the area, PGS Energy Training will not be holding a block of sleeping rooms with one particular hotel. Should you need a list of local hotels in the area, please contact us at (440) 853-1038 and we can help you with your accommodations.
Registration Fee and Discounts

Register Today!. The price for this comprehensive two-day seminar is $1,595 (USD).

Early Bird Special: Register on or before Apr 19, 2011 and save an additional $200 per order!
Register soon to get Early Bird pricing. A limited number of Early Bird seats are available.
  • Additional attendees and government employees receive a 10% discount.
  • Members of TOGA, AIPRO, INGAA or IOGA-NY receive a 15% discount. Please call (440) 853-1038.
  • Sign up for 4 or more classroom seats during the same month and all attendees will receive a 20% total discount.
    (If you plan to register 4 or more classroom seats for the same seminar, but want attendees to pay by separate credit cards, register one party now and mention this fact in the "Comments" section of the registration form. We will manually subtract the 20% discount from the first registrant's seminar fee and will call you to obtain the credit cards and registration information for your other attendees in order to give them their 20% discount. If applicable the Early Bird discount of either $200 or $100 will be divided evenly between all participants.) Please call (440) 853-1038 for more information.
    Special pricing is available for groups of 5 or more. Please call Janice Ohmura at (440) 853-1038.
Payment and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane · Hilton Head Island, SC 29926. Cancellations can be made up to five (5) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but a one year full seminar credit will be given toward future workshops upon receipt of $175 which will used to help offset the non-refundable food, beverage, manual and other expenses incurred by PGS. Substitutions may be made at any time. If PGS needs to cancel a seminar due to instructor unavailability, lack of attendance or other unforeseen reason, you will be offered the choice of rescheduling for another seminar, a seminar credit, or a refund. PGS will not be responsible for any airline, hotel or other fees in such situations. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

CPE Credits in Specialized Knowledge & Applications

This live group seminar is eligible for 13.0 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements. PGS telephone seminars are eligible for CPE credits only if seminar participants use the printed seminar slides - not the Internet posted slides.

PGS Energy Training is registered with GARP as an Approved Provider of continuing professional education (CPE) credits. PGS Energy Training has determined that this program qualifies for 13.0 credit hours. If you are a GARP CPE participant, please record this activity in your Credit Tracker at www.garp.org/cpe. Please inform PGS Energy Training that you are a GARP CPE participant upon seminar registration.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP’s membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpe.

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