Midstream and NGL Basics - In Partnership with Reese Energy Training
This the essential seminar for anyone who seeks to understand the elements of the natural gas midstream and NGL industry. This seminar will give the attendee an excellent view of gas gathering, processing, compression, treating, and the basics of the NGL processes. It will focus on general operations, various commercial contracts, and the financial nuances of the gas midstream sector.
- An excellent overview of the Natural Gas Grid
- A detailed discussion on measurement and gas composition
- Explanation of rich vs lean, wet vs dry, casinghead gas vs gas well gas
- Gas and NGL Marketing details - pooling points, cash, index, NGL fractionation, T&F rates
- Gas Gathering - pipe size, right of way, pipe and system pressures, terminology
- Gas Compression and Treating - fees, fuel, low vs high psig, types of treating
- Inerts / Contaminants - definitions, uses, safety issues
- Operational nuances of Processing - various plants and recoveries, U.S. data, players
- Commercial Midstream Deals - P.O.P., fixed fuel and recovery, fee based, keep whole
- Midstream contract language and negotiation strategies
- Details on NGL's - what are they? Heavy vs light, markets / uses, technical issues
- Review of from contracts - NAESB, processing deals, gathering deals
- Reese's future perspective on midstream sector in U.S.
8:30 - 9:30 AM The Natural Gas Grid
Gathering, transmission, distribution overview
Gas composition and measurement
Heating value, Rich vs Lean Gas
Quality
9:30 - 10:30 AM Gas and NGL Marketing
Cash
Index
Fixed Pricing
10:30 - 11:30 Gas Gathering
Operational aspects, ROW
Pressures, line sizes
Various Commercial Terms
11:30 - NOON Gas Compression / Treating
Low vs. High Pressure
Types of Compressors
Treating Types
Commercial Fees for compression / treating
11:00 - 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
Strategies, Contract Language
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
NGL Specs
4:30 - 5:00 PM Today and Tomorrow
Reese's Price forecasting thoughts
Hot exploration and production areas
COVID-19 Information: Please see the PGS COVID-19 policy. You can confirm each hotel's specific COVID-19 policy using the link(s) below.
The price for this comprehensive two-day seminar is $695 (USD).
Register online or call (843) 212-4038.
- 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. Call (843) 212-4038 for assistance.
Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees are charged at the time of registration unless other arrangements have been made. Checks payable to “PGS Energy Training,” 26 Teal Lane, Hilton Head Island, SC 29926. Cancellations result in a credit good for 2 years, transferable to a colleague. Substitutions may be made at any time. For more on PGS policies, contact our offices at (843) 212-4038.
This live group seminar is eligible for 7.5 CPE credits in Specialized Knowledge. 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 accepts one-half credits.
PGS is a NASBA-registered CPE sponsor and a GARP-approved CPD provider, so see accreditation details.