Energy Certificate Programs Fall 2011 Spring 2012 Programs

Transcription

1 1 Puttig Kowledge To Work Eergy Certificate Programs Fall 2011 Sprig 2012 Programs Orgaizatio ad Operatioal Excellece The Uiversity of Texas at Austi McCombs School of Busiess

2 Our Eergy Certificate Program offers you a i-depth look at the ecoomics, strategy, busiess valuatio ad fiace that is specific to the eergy idustry. It offers idustry maagers ad executives a uique opportuity to improve their busiess acume i a eviromet focused specifically o the complexities of their field. This certificate program is preseted by Texas Executive Educatio, ad features faculty from the McCombs School of Busiess, the College of Egieerig, ad the Ceter for Eergy Ecoomics. Key Beefits of the Series Uderstad the risk ad operatioal implicatios of market prices of futures optios cotracts Icorporate ad optimize above-groud risks Address liks betwee physical properties ad fiacial markets i value Use iformatio from futures/optio prices to make optimal productio Discover the optimal timig for extractio ad ideal rate at which to extract oil (gas) from a field Lear how to value oil fields, pipelies ad storage facilities Optimize divisio-level ad corporate-level price-quatity exposure Implemet Value-at-Risk methods i eergy Uderstad the stochastic behavior of commodity prices i the oil ad gas markets Use structured products to ehace firm value; uderstad exotic structures uique to oil ad gas Coduct basic valuatio of eergy assets ad corporatios icludig the valuatio of capital ivestmets; fiacig istrumets ad strategic ivestmets Value a busiess by discoutig cash flows ad usig comparables Value ivestmets with embedded optios Discover how fiacig choices affect valuatio Uderstad the ecoomic fudametals of the eergy idustries ad value chais Gai a uderstadig of electric power Program Schedule Eergy Fiace Sep 17, 2011 Ecoomics & Techology of the Crude Oil, Natural Gas & LNG Value Chais Oct 15, 2011 Global Oil ad Gas Accoutig Nov 12, 2011 Exteral Stakeholders, Ethics ad Social Resposibility i Emergig Eergy Markets Ja 21, 2012 Itroductio to Electric Power ad the Ecoomics & Techology of the Electric Power Value Chai Feb 18, 2012 Decisio ad Risk Aalysis i Hydrocarbo Exploratio ad Productio Mar 31, 2012 Busiess Valuatio Apr 21, 2012 Eergy, Techology ad Policy May 5, 2012 Eergy Certificate Requiremets Participats must complete 6 of the courses to receive their Eergy Certificate.

3 Eergy Fiace This traiig program is desiged to provide participats with a i-depth uderstadig of eergy fiace by addressig three areas of fiace i a eergy cotext: pricig, asset valuatio, ad risk maagemet. The program will begi by placig eergy markets i the cotext of global fiacial markets, ad aalyzig markets reactios to the ufoldig iteratioal crisis. I so doig, we will develop participats uderstadig of the eergy markets, as well as how to model ad forecast eergy ad forward/futures prices. The course will the focus o givig delegates a uderstadig of eergy-related derivatives. Delegates will be taught the differet derivative products ad lear how to apply them i the eergy markets to develop hedgig ad risk maagemet strategies. The course will the cosider valuatio ad the applicatio of optio theory to eergy related assets. By the ed of the course delegates will leave with a uderstadig of the eergy markets ad how to measure ad maage the fiacial risks created by volatile eergy prices. I additio, delegates will gai the skills to accurately value eergy assets ad use derivatives to mitigate eergy price risk. This course will be ivaluable for those ivolved i fiacial ad quatitative aalysis, valuatio ad structurig, ad tradig positios withi major eergy compaies as well as people workig withi leadig ivestmet baks, cosultig, ad fiacial services firms. Eergy Fiace Beefits Uderstad iteratioal fiacial markets reactios to the ufoldig crisis; Measure the ervousess/ucertaity of equity, credit ad commodity markets Use fiacial models to aalyze ad forecast eergy prices; extrapolate forward prices beyod the liquidity teor Uderstad the risk of ad retur from futures ad optios cotracts o eergy commodities Maage ad optimize corporatios eergy risk exposure Estimate ad calculate volatility i eergy prices Apply optio valuatio techiques to the eergy markets Uderstad ad use derivative products to mitigate eergy price risk; use structured products to ehace firm value; uderstad exotic structures uique to oil (e.g., average optio) ad gas ad power (e.g., swig optios, weather derivatives) Utilize real optios theory to value eergy assets; use iformatio from futures/ optio prices to make optimal productio decisios: Optimal timig for extractio, optimal rate at which to extract oil (gas) from a field; value oil fields, pipelies ad storage facilities, power plats Apply Value-at-Risk to the eergy idustry Ehud Ro, Ph.D., Professor of Fiace Whe: September 17, 2011 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks

4 Ecoomics & Techology of the Crude Oil, Natural Gas & LNG Value Chais Ecoomics & Techology of the Crude Oil, Natural Gas & LNG Value Chais This program is desiged to provide a overview as well as advaced topics o global oil, atural gas ad LNG value chais. Participats will discover the ecoomics, techology, policy/regulatory issues ad busiess strategies ad treds that affect these value chais. Global market coditios, U.S. ad iteratioal case studies, oil ad atural gas market outlooks, ad example project ivestmets are used to illustrate ad provide hads-o experiece. Beefits Review key value chai ecoomics, busiess, ad techology features impactig ivestmet projects Gai a perspective o strategic plaig for govermets ad ivestors Uderstad the relatioship betwee global eergy balaces, prices ad ivestmet cycles Lear the role techology ad techological iovatio play i the value chai Gürca Güle, Ph.D., Seior Eergy Ecoomist, Bureau of Ecoomic Geology Ceter for Eergy Ecoomics Whe: October 15, 2011 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks Practical applicatio, real world, timely examples. Tracie Williams, Maager, Iteral Audit, GDF-Suez Eergy Iteratioal, Housto, TX Atteded Global Oil ad Gas Accoutig Great stories ad relevace to the subject. I liked the real world examples. Lisa Lehma, Maager Of Lad & Admiistratio, DJ Resources, LLC, Housto, TX

5 Global Oil ad Gas Accoutig ad Cotractig Procedures The world s eergy system is at a crossroads. Curret global treds i eergy supply ad cosumptio are patetly usustaiable - evirometally, ecoomically ad socially. Report published by the Iteratioal Eergy Agecy (IEA) With gasolie prices less tha $3 a gallo, should t we be sigig Happy (drivig) days are here agai? Not accordig to the facts. The IEA eded their report by sayig Time is ruig out ad the time to act is ow. Oil prices may ot rise sigificatly i the ear future; however, temporary demad destructio does ot hold eve a small cadle to permaet supply destructio. To add to the problem, exploratio ad productio aroud the world is dowsizig, as the dramatically lower oil prices make projects uecoomical. This program will preset a examiatio of the curret accoutig ad fiacial eviromet ad how World Reserves, Cosumptio, Doig Busiess Iteratioally, Accoutig Rules, Disclosures ad Creditability all come ito play. Participats will ivestigate the accoutig ad fiacial aspects of iteratioal oil ad gas operatios ad gai a workig kowledge of key oil ad gas issues, techiques, practices ad termiology. The program cosists of the followig parts: (i) Accoutig for Iteratioal Petroleum Operatios, (ii) Accoutig for Iteratioal Cotracts, ad (iii) Fiacial Maagemet, Plaig ad Aalysis. Beefits Discover how to make better accoutig ad fiacial decisios Lear how we disclose the reserves ad use the data for fiacial purposes Discuss the Major Cotracts used o a world-wide basis ad how they work Uderstad the Joit Veture Cotracts ad how they work Realize accoutig issues, problems ad solutios with regard to GAAP/SEC vs. Cotract Accoutig vs. Govermet Accoutig ad so o 05 Global Oil ad Gas Accoutig ad Cotractig Procedures W. Waye Scott, Professor of Accoutig Whe: November 12, 2011 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks

6 Exteral Stakeholders ad Political Risk/Legal Risk i Emergig Eergy Markets Exteral Stakeholders ad Political Risk/ Legal Risk i Emergig Eergy Markets This program will examie the maagemet of ethical, legal, political ad cultural risks (ad opportuities) associated with developig eergy projects i emergig markets, icludig upstream ad dowstream oil ad gas ivestmets. We will focus o compaies social resposibility efforts, the maagemet of relatioships with exteral stakeholders, ad how politics, culture ad law structure compaies relatioships with govermets ad other stakeholders i emergig markets. Beefits Lear how to maage your firm s relatioship with exteral stakeholders, both govermetal ad ogovermetal Explore importat social resposibility issues i the oil & gas idustry, icludig eviromet, huma rights, ad goverace Examie how law, politics ad culture structure relatioships with stakeholders Explore the law ad politics of the sitig process, icludig evirometal permittig David Spece, Ph.D., Professor of Law, Politics ad Regulatio Whe: Jauary 21, 2012 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks Kudos to Dr. Spece for a great class. He did a woderful job of brigig cotet that s practical ad istatly applicable. Group iteractio was woderful. I leared so much that I ca immediately icorporate ito my job ad this program defiitely added value. Eresto Alegria, Sr. Fiacial Aalyst, Debury Resources Ic., Plao, TX

7 Itroductio to Electric Power ad the Ecoomics & Techology of the Electric Power Value Chai Participats i this program will gai a workig uderstadig of electric power. The program explores global electric power value chai ecoomics, techology, policy/ regulatory issues, busiess strategies ad treds. Global market coditios, US ad iteratioal case studies, oil market outlooks ad sample project ivestmets will be utilized for better uderstadig ad had-o experiece. Beefits Uderstad ad discuss techical issues i the electric utility idustry Gai a uderstadig of the issues through aalogies betwee electric power ad familiar experieces Review key value chai ecoomics, busiess, ad techology features impactig electric power ivestmet projects Gai a perspective o strategic plaig for govermets ad ivestors Idetify sources of political ad busiess risk related to coutry risk assessmet ad risk maagemet cosideratios Discover relatioships betwee electric power value chais ad ecoomic developmet icludig drivers for global electricity supply-demad balaces ad prices Lear the role techology ad techological iovatio play i the electric power value chai Ross Baldick, Ph.D., Professor of Egieerig Whe: February 18, 2012 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks Relevat. Solid cotet. Strog presetatio. Dr. Baldick is a subject matter expert! Julie Stumpe, Cotroller, ABB, Jefferso City, MO Itroductio to Electric Power ad the Ecoomics & Techology of the Electric Power Value Chai

8 Decisio ad Risk Aalysis i Hydrocarbo Exploratio ad Productio Decisio ad Risk Aalysis i Hydrocarbo Exploratio ad Productio This program will preset approaches for modelig decisios ad ucertaities that arise i the cotext of oil ad gas project maagemet. These risks iclude those associated with estimates of hydrocarbo reserves ad recovery rates, as well as those associated with the ecoomic risks related to ivestmet costs ad oil prices.. This course will begi with a brief review of the ideas associated with risk aalysis as it relates to the productio of hydrocarbos over the life of a oil field. Next, we will review ecoomic modelig, ad the illustrate how these risks should also be icorporated ito decisio makig i oil ad gas ivestmets. We will emphasize the use of iformatio ad of optios to ehace ecoomic value ad to maage project risks. These ideas will be illustrated with examples ad case studies. We will also demostrate experiece with some of the software tools that support the aalysis of problems. Beefits Review ecoomic modelig ad uderstad how risks should be icorporated ito decisio makig i oil ad gas ivestmets Uderstad how to frame the decisio opportuity (decisio hierarchies ad strategy tables) Model complex projects with ifluece diagrams Lear how to do determiistic sesitivity aalysis (Torado Diagrams) Develop skills usig decisio trees as a meas of structurig risky problems Lear how to use iformatio ad optios to ehace ecoomic value ad to maage project risks Use provided examples ad case studies to apply the cocepts leared Use some of the software tools that support the aalysis of risky decisio problems (participats will be ecouraged to use persoal laptops) Jim Dyer, Ph.D., Professor of Iformatio, Risk ad Operatios Maagemet Whe: March 31, 2012 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks

9 Busiess Valuatio This course walks participats through the valuatio tools ad techiques used to estimate eterprise values as well as large-scale ivestmets i power plats, refieries, ad oil & gas developmet projects. The majority of the class will feature hads-o exercises usig Excel ad other add-i packages. The goal is to gai eough model buildig ad iterpretatio skills to become a itelliget cosumer of models ecoutered whe valuig projects ad compaies. Beefits Lear how to costruct discouted cash flow forecasts used to value the busiess eterprise Estimate the appropriate cost of capital for valuig projects that have differet risks Carry out sesitivity aalysis of valuatio projects icludig break-eve sesitivity ad simulatio Busiess Valuatio Joh C. Butler, Professor of Fiace Whe: April 21, 2012 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks Very useful iformatio. Helps me to uderstad the big picture. Ross Hacock, Mechaical Facilities Egieer, Mustag Egieerig, Housto, TX Atteded Decisio ad Risk Aalysis if Hydrocarbo Exploratio ad Productio I really ejoyed learig about real optios. I also foud the i-class workig problems effective. Dr. Dyer s ability to field questios was great. Jarrad Bourger, Seior Staff Aalyst, CoocoPhillips, Housto, TX Atteded Decisio ad Risk Aalysis if Hydrocarbo Exploratio ad Productio

10 Eergy, Techology ad Policy Eergy, Techology ad Policy Participats i this course will be provided with a overview of The Big Picture: Eergy & Society. This fast-paced, iformatio-packed sessio, will cover a rage of topics begiig with Basics ad Fudametals ad the delvig ito the part that eergy plays i our eviromet, icludig Eergy ad Water ad Eergy ad Food. Participats will explore how eergy ad eergy policy affects culture ad humaity ad wrap up with a discussio o critical techologies of the future. Beefits Uderstad the cetral role eergy plays i society Discover how eergy is itercoected with other sectors Leave with a whole ew view about eergy Michael Webber, Ph.D., Co-Director of the Clea Eergy Icubator ad Associate Director of the Ceter for Iteratioal Eergy ad Evirometal Policy Whe: May 5, 2012 The Houstoia Hotel, 111 North Post Oak Lae, Housto, Texas Cost: Sigle program fee: $1395 Certificate program fee: $7350 Fee icludes materials, luch ad breaks Thorough teachig methods to apply cocepts to real world scearios that helped make the learig process a little easier. Laura O Coor, Staff Fiacial Aalyst, Aadarko Petroleum Corporatio, Housto, TX Atteded Eergy Fiace

11 Texas Executive Educatio Sice 1955, iovative ad timely executive programs have offered busiess professioals the isights ad skills that eable them to lead, to thik strategically ad to maage chage. The reputatio of the McCombs faculty is world-reowed. With early 200 members, the faculty icludes scholars represetig virtually all of the major maagemet disciplies ad fuctios. All are dedicated educators who coduct research i their respective disciplies, as well as serve as cosultats ad board members for leadig corporatios globally. Ad they brig this kowledge to the programs they desig ad teach. Custom Programs We develop a uique curriculum with actio-learig solutios that meet your specific goals. The topics, faculty, program structure ad site are selected specifically to maximize learig ad the effectiveess of the program for your orgaizatio. We provide complete program desig, developmet ad implemetatio services. Other services iclude developmet of promotioal materials, customized program website ad web-ehaced commuicatio. Quality ad customer beefits are key objectives for us ad we costatly moitor the program cotet ad delivery. Texas Executive Educatio Ope Erollmet Programs Our Ope Erollmet Programs are specifically desiged for workig professioals, maagers, leaders ad executives who strive for professioal ad persoal growth. Our programs stregthe the leadership ad itellectual capacity of idividuals ad provide valuable learig for their orgaizatios. The stregth of Texas Executive Educatio s excellece is the capability ad flexibility to provide busiess leaders ad executives educatioal programs that offer ew perspectives, powerful ideas ad iovative solutios to succeed i today s ad tomorrow s busiess eviromets. Cotact To register olie, please go to: To register by phoe, please call: (or) Cotact For additioal program iformatio, please cotact: Ly Slattery ly.slattery@mccombs.utexas.edu Mailig address: Texas Executive Educatio McCombs School of Busiess The Uiversity of Texas at Austi P.O. Box Austi, TX

12 TEXAS EXECUTIVE EDUCATION P.O. Box 7337 Austi, TX The McCombs Eergy Certificate Program leverages the etire eergy expertise of The Uiversity of Texas at Austi to brig you the broadest eergy-focused curriculum that ay istitutio offers i the world. Completio of this program will allow you to differetiate yourself from your peers ad give you the strogest foudatio to start or further your career. Michael Rigg, Associate - Ivestmet Bakig Scotia Waterous NON-PROFIT ORG. U.S. POSTAGE PAID PERMIT #391 AUSTIN, TX