Day 2 • Thursday, May 17, 2012
8:30 – 9:00 a.m.
Continental Breakfast
9:00 – 9:15 a.m.
Day 1 Review
9:15 – 9:30 a.m.
How Much Is My Gas Worth?
Case study in calculating the value added by NGL revenue to wellhead production.
9:30 – 10:15 a.m.
Transportation Logistics: Getting to the Markets
This session discusses how NGL's and LPG's are moved to end use markets beyond the hubs, and why shipping options can be limited for these products. Topics include:
- Land-based shipping options: pipelines, trains, and trucks – which products can and cannot be shipped via rail and truck; how costs and delivery flexibility differ for each option. Impact of the choice of shipping method on facilities investments.
- Waterborne options – barge and oceangoing vessels – costs and constraints when evaluating these options.
- How transportation logistics can impact price curves when capacity is limited.
- Challenges and opportunities for logistics service providers – hidden constraints on expanding capacity as supply increases in shale plays.
10:15– 11:30 a.m.
NGL/LPG Demand – Petrochemical Production
The three largest markets for gas liquids in North America are gasoline blending, the ethylene industry and the retail propane business. This session introduces you to the economics of ethylene production and how petrochemical operations drive the markets in the U.S. and beyond when new LPG exceeds global demand in traditional markets. Learn about:
- The ethylene industry – total capacity, types of plants and downstream markets.
- Ethylene production economics – how feedstock decisions are made.
- The trends in gas liquids demand in the petrochemical sector and how low gas prices in North America have affected North American ethylene producers.
11:45 a.m.
Box Lunch / Board Buses for Enterprise Site Tour
4:00 – 5:00 p.m.
Cocktails with the Instructor