CANCELED: Steve Reese: Comprehensive Midstream, NGL, And Processing Basics-In Partnership with Reese Energy Training

Essential Knowledge for Producers, Midstream Companies and Investors in Natural Gas!

A Two-Day Classroom Seminar

This 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.

Seminar Agenda

Untitled Document

DAY ONE

8:30 - 10:00 AMÂ Â Â Â Â Â Â Â Â The Natural Gas Grid

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gathering, transmission, distribution overview

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gas composition and measurement

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Heating value, Rich vs Lean Gas

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Quality

10:00 - 11:00 AMÂ Â Â Â Â Â Â Gas and NGL Marketing

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Cash

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Index

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Fixed Pricing

11:00 - 11:30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gas Gathering

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Operational aspects, ROW

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Pressures, line sizes

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Various Commercial Terms

11:30 - 12:30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â LUNCH

12:30 - 1:30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gas Compression / Treating

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Low vs. High Pressure

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Types of Compressors

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Treating Types

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Commercial Fees for compression / treating

1:30 - 2:30 PMÂ Â Â Â Â Â Â Â Â Â Â Gas Processing

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Operational Overview

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Various Plants / Recoveries

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â U.S. Gas Processing Data

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Commercial Deals - POP, POI, Fee Based

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Plant allocations / settlement statements

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Trends, Historical Players

2:30 - 3:30 PMÂ Â Â Â Â Â Â Â Â Â Â NGL's

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â What are NGL's?

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Fractionation

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Fractionator Data / Locations

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NGL Markets / Pricing Strategies

3:30 - 4:30 PMÂ Â Â Â Â Â Â Â Â Â Â Form Contracts

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Processing Agreements

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Gathering Contract

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NAESB Contract

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â

DAY TWO

8:30 - 10:00Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Contract Terms and Language

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Pricing, Delivery Point, Term

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Pressures, Quality Specs, Economics

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Measurement, Testing, Force Majeure

9:30 - 10:00Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Negotiation Strategies

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Price - Residue / NGL / Contractual

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Term / Evergreen

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Uneconomic Situations

10:00 - 11:30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Class Exercises

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Plant Allocation of NGL's

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Fuel, Shrink, Loss

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Net Values for Different Deals

Hotel and Seminar Information

This seminar will be held at the hotel listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at 11:30 PM. The program includes continental breakfast, lunch (first day), 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

COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.

Registration Fee and Discounts

The price for this comprehensive two-day seminar is $1,495 (USD).

Additional attendees and government employees receive a 10% discount.
Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
If you want attendees to pay with separate credit cards or have other questions, please call (440) 853-1038 for assistance.

Payments and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, 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 will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

Who Should Attend

New hires, commercial reps, IT personnel, mid-level management, back office and accountants, gas control, and business development.

Prerequisites and Advance Preparation

There are no prerequisites. Calculators needed for the Midstream Course - Laptops not needed

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.

Program Level & Delivery Method

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live.”

IN-PERSON CLASSROOM SEMINARS