Midstream and NGL Basics
Price: $595.00 (early registration)
CEUs: CPE Credits: 7.5 hrs.
Course Level: Basic
Agenda: 8:30 AM - 5:00 PM
Essential Knowledge for Producers, Midstream Companies and Users
of Natural Gas
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. View printer-friendly PDF of course outline.
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 AM
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
1:00 – 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
NGLs
What are NGLs?
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
