Natural Gas 202



CPE: Recommended 6.5 hours
Program Level: Basic to Intermediate
Field of Study: Specialized Knowledge and Applications
Prerequisites: Natural Gas 101 or working knowledge
Instructional Delivery Method: Group Live
Cost: $898 (discount available if combined with Natural Gas 101).
Schedule: 8am – 4pm. Lunch is provided at 12pm.

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    Brief: Learn the Trading, Hedging and Regulatory background to allow you to take your natural gas experience to the next level.  Explore the rapidly changing structure of the natural gas industry to better prepare yourself for the future.


    Natural Gas 202
    AGENDA 1 – Day            

    1. Review of Natural Gas 101
      1. What is Natural Gas – Physical properties of natural gas
      2. Measurement of Natural Gas – Volume vs. heating content
      3. Industry Participants – From producers to brokers
      4. Natural Gas Pricing – What influences natural gas pricing
    1. Trading
      1. Trading Language – How to understand what people are saying
      2. Physical and Financial Products Traded in the Natural Gas market
      3. Natural Gas Options
      4. In class exercise buying / selling commodities
    1. Hedging
      1. Hedging vs. Speculation
      2. Required Risk Policies
      3. Hedging Example – Producer
      4. Hedging Example – End User
      5. Hedging Example – Storage
      6. Hedging Example – Transportation
    1. The Paper Side
      1. Credit
      2. FAS 133 – Hedge Accounting
    1. Regulatory – From the Natural Gas Policy Act to Today
      1. Natural Gas Act
      2. Phillips Decision
      3. NGPA 1978
      4. Order 436 / 500 / 636 / 637
      5. Dodd – Frank
    1. “What are we going to do with all this gas?”
      1. Fundamental changes in our energy infrastructure
      2. Expansion of petrochemical capacity
      3. LNG Exports
      4. CNG Opportunities and Challenges
      5. Repowering of America – Coal retirements and gas additions
    2. Optional – In class exercise on expected outcome

    Energy Seminars, Inc –

    Peter Gilmore –



    This seminar is also available as an in-house seminar brought to your office. Contact us for more details.

    Not Convinced?

    See what others had to say about Natural Gas 101

    Excellent handouts, graphs, and demonstration examples used by the instructor.  Strongly suggest taking this course for the “big picture” view of the industry

    —M. Divincenzo, EQT Production Company

    A perfect introduction to the overall understanding of the natural gas business.

    —T. Burke, Columbia Gas

    Speaker has credibility; his knowledge is evident.

    —T. Snow, Gainer Donnelly

    Natural Gas 101

    Natural Gas 202 is only recommended if you have already attended Natural Gas 101, or if you have working knowledge of the industry. Register for Natural Gas 101 first!

    Register for Natural Gas 101 Today!

    Learn More!


    Energy Seminars, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
    Refund Policy: If the registrant or his or her agent cancels a registration 3 days or more prior to the seminar date, Energy Seminars, Inc. (ESI) will impose a cancellation fee of $35 if paid by check, money order, VISA, or MasterCard, or $50 if paid by AMEX. If the registrant is a no-show or the registration is canceled less than 3 days prior to the seminar date, ESI can offer only a letter of credit to any future seminar.

    For more information regarding our complaint and refund policies, please telephone our offices at 281-362-7979.