This course is for anyone wanting to acquire a more nuanced understanding of gas processing agreements. It is appropriate for new hires in the processing arena, but also perfect for executives and mid-level management, accounting personnel, and our division order staff. The course is ideal for mid-stream companies, and companies considering developing midstream assets. End users of natural gas will gain invaluable knowledge and become familiar with key strategies for successfully negotiating a natural gas contract.
8:00 - 8:50 AM
Gas and NGL Marketing
Historical regulated times
Restructuring
Deregulation
8:50 - 9:30 AM
Gas Marketing
Market factors
Cash, index, hedging
Historical and future prices
9:30 - 10:30 AM
NGL Marketing
Markets, transportation, fractionation
Historical pricing
Indices
Processing Agreements
Historical processing and agreements
Historical, current and future players
Historical and current margins
Historical and current thru puts
1:00 - 2:00 PM
Styles of Agreements
Standard allocated P.O.P. deals
Fixed fuel and recovery P.O.P. deals
Keep whole and fee deals
Discussion of evolution of processing deals and economics
2:00 - 3:00 PM
Contract Terms and Language
Pricing, term, delivery point
Pressures, quality specs, economics
Measurement, force majeure, testing
3:00 - 4:00 PM
Accounting and Negotiations
Plant settlement statements
Negotiating fees and percentages
Customer relations and strategies
4:00 - 5:00 PM
Class Exercises
Calculating allocated gallons of NGLs
Shrinkage and fuel calculations
Accounting settlement calculations
Calculating wellhead values
Calculating plant margins
This live group seminar is eligible for 7.5 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.
New hires, commercial reps, IT personnel, mid-level management, back office and accountants, gas control, and business development.
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.
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.