Energy Value Chain
May 10, 17, 24 and 31, 2022
10 am – Noon Daily
Live, Virtual Sessions
The purpose of this program is to provide business professionals with a comprehensive
introduction to the oil and gas industry with a particular focus. The energy value
chain involves the process of linking specific functions from input to output (i.e.
from upstream, midstream, through downstream) to enhance the economic value of the
business through the value chain. These sessions will help participants better understand
their own role in the value chain and how it relates to others in their company and
to industry. These sessions are presented by the OSU Department of Finance and the
Center for Executive and Professional Development.
These sessions are available for CPE and CEU credit.
Pricing for the 6-hour program:
$185 per person
$150 per person if three or more from the same organization
DAY 1 | May 10 | 10 a.m.-Noon
INTRODUCTION TO THE OIL AND GAS INDUSTRY
- Overview of the energy value chain
- What are hydrocarbons and other terminology
- Crude oil and natural gas supply and demand
- Recent trends and strategies
- Company roles in the energy value chain
UPSTREAM: EXPLORATION AND PRODUCTION
- What is Upstream?
- Upstream performance measures
- The exploration process
- The drilling and completion process
- Activity indicators
- Where value is made in Upstream
DAY 2 | May 17 | 10 a.m.-Noon
- What is Midstream?
- Natural gas gathering, processing, and transportation
- Natural gas liquids (NGLs) and key terminology
- NGL producers and marketers
- Fractionation spread
- Where value is made in Midstream
DOWNSTREAM: REFINING AND MARKETING (R&M) – Part I
- Who are the players? World’s leading refiners
- How refineries work: refinery complexity, configurations, and the refining process
- Crude oil fractions and finished petroleum products
DAY 3 | May 24 | 10 a.m.-Noon
DOWNSTREAM: REFINING AND MARKETING (R&M) – Part II
- Basic refinery economics: Refining margins and the refining crack spread
- Refining optimization
- Marketing distribution channels and marketing margins
- Where value is made in R&M
Day 4 | May 31 |10 a.m.-Noon
FURTHER DOWNSTREAM: THE PETROCHEMICAL INDUSTRY
- Who are the players? World’s leading petrochemical companies
- The building blocks: primary petrochemicals
- Intermediates, derivatives, and end-products
- Where value is made in Petrochemicals
COURSE WRAP-UP AND LOOKING TO THE FUTURE
- Overview of the energy value chain
BETTY SIMKINS, PhD
Betty Simkins is the Williams Companies Chair and Department Head of Finance at Oklahoma State University’s Spears School of Business. She received her B.S. Degree in Chemical Engineering from the University of Arkansas, her M.B.A. from OSU, and her Ph.D. from Case Western Reserve University.
Dr. Simkins serves on the editorial boards of twelve research journals and is also editor of the Journal of Commodity Markets. She is past president of the Eastern Finance Association and also serves on the Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee. She is active in energy industry associations, including the Natural Gas and Energy Association of Oklahoma (NGEAO), the Society of Petroleum Engineers (SPE), and the International Association for Energy Economics (IAEE). She has coauthored more than 70 journal articles and book chapters, as well as published three books, including one titled Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy. She loves teaching as evidenced by the five teaching awards received at OSU including the 2001 Regents Distinguished Teaching Award and the 2001-2002 Outstanding MBA Faculty Award. Dr. Simkins has taught executive education courses for companies globally. Prior to entering academia, she worked in the energy industry for Conoco (now ConocoPhillips) and Williams Companies.
- Program Policies
If a participant would like to cancel her/his registration less than 10 days prior to the program, you are welcome to send a substitute. A refund is available given notification no later than 11 days prior to the program. If you are cancelling your registration or transferring your registration to a colleague, please contact the OSU Center for Executive and Professional Development at 405-744-5208 or email@example.com. CEPD will send you an email confirming your cancellation and refund if applicable.