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Accounting and Finance for Energy |
Energy Value Chain
Dr. Betty J. Simkins — The Williams Companies Professor of Business and Department Head of Finance in the Spears School of Business at Oklahoma State University
The purpose of this one-day seminar is to provide business professionals with a comprehensive introduction to the oil and gas industry with a focus on how value is added to the energy value chain. 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 throughout the value chain. As a result, attendees will gain an understanding of how each segment of the energy firm’s activities adds value along the energy value chain. This will also help them better understand their role in the value chain and how it relates to others in their company and the industry. This seminar is sponsored by the Department of Finance and the Center for Executive and Professional Development in the Spears School of Business at Oklahoma State University. Participants earn 0.8 to 2.0 con- tinuing education units (CEUs) upon completion of this seminar. » KORN FERRY COMPETENCIES Ensures accountability | Decision quality | Financial acumen | Organizational savvy | Plans and aligns | Demonstrates self-awareness | Drives vision and purpose | Optimizes work processes
SEMINAR OUTLINE
I. Introduction to the oil and gas industry A. Overview of the energy value chain B. Terminology C. What are hydrocarbons? D. Recent trends and strategies II. Upstream: Exploration and production A. Upstream performance measures B. Exploration process C. Drilling and completion process
IV. Downstream: R&M
A. How refineries work: refinery configurations and the refining process B. Crude oil fractions and finished petroleum products C. Basic refinery economics: Refining margins and the refining crack spread D. Marketing distribution channels E. Marketing margins F. Where value is made in R&M V. Further downstream: The chemical industry A. Building blocks: Primary petrochemicals B. Intermediates and derivatives C. End-products D. Where value is made VI. Seminar wrap-up and looking to the future
D. Activity indicators E. Where value is made
III. Midstream A. Natural gas gathering, processing, and transportation B. Natural gas liquids (NGLs) C. NGL producers and marketers D. Where value is made
The Center for the Future of Work in the OSU Spears School of Business offers various certificate programs and customized professional development.
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