Job Profile Summary
The Commercial Business Specialist will perform an advanced level of work related to nomination, confirmation and scheduling activities for natural gas or natural gas liquids transportation. Lead in the preparation, analysis, interpretation and communication of information from complex contracts. Manage preparation and maintenance of financial models pertaining to natural gas or natural gas liquids commercial activities.
Essential Functions and Responsibilities
Manage contract portfolio for assigned producers. Responsibilities may include economic evaluations, contract consolidations, renegotiations and the negotiation of contract terms and provisions as required
Initiate, schedule and monitor daily nominations to maintain pipeline integrity by minimizing Operational Balance Agreement (OBA) and shipper or customer imbalances
Interact with gas control representatives, customers, operators, producers, pipeline companies and others concerning nominations, allocations, billing, imbalances, daily flow and operational orders
Interpret legal documents to ensure compliance with contract terms and state and federal regulations. Ensure compliance with all company standards, tariffs, policies and procedures. Negotiate contract terms and provisions as required
Analyze various business opportunities to assess profitability, returns and economics. Apply standardized financial metrics to evaluate profitability measurements, including return on invested capital, cost of capital and earnings impact
Evaluate financial models and summarize results that simulate gathering, processing, transportation and storage activities for the purpose of forecasting trends related to and including:
Pipeline extensions
Well connects
Gas processing/plant consolidations
Acquisitions
Storage injection/withdrawals
Transmission system operations
Plan and conduct systematic or end-to-end analysis, involving data gathering and validation, to provide recommendations for action concerning:
License and underground gas storage agreements
Contracts
Legal Documents
Allocations
Nominations and confirmations
Measurement discrepancies
Actual Usage – Electronic Flow Measurement (EFM)
Financial forecasts
Price and decline curves
System optimization
Coordinate projects with management, attorneys, auditors, landowners, governmental agencies, traders, gas control reps and/or others
Education
Bachelor's Degree in engineering, business administration, accounting or an equivalent combination of formal education and the following job related knowledge or experience:
Work Experience
Experience in contract and scheduling related experience in the oil and gas industry of eight or more years is typical for attaining this level
Experience analyzing and resolving issues and/or questions concerning scheduling, nominations, balancing and allocations
Experience with developing, validating and maintaining data related to financial forecasts, models and statistics
Experience with contracts and lease agreements, property/land records, legal descriptions, real estate definitions, industry and governmental regulations and plats
Experience related to:
Energy industry economics
Financial risk management
Commodity marketing
Contract administration/analyses
Communication/interpersonal skills
Knowledge, Skills and Abilities
Skills in: computer/software and hardware applications (not limited to Excel, Word, PowerPoint or Outlook)
Skills in: interpersonal, presentation, verbal and written communication, with the ability to interact effectively with internal and external business partners at all levels
Skills in: strategic and critical thinking
Ability to: utilize and apply skills related to basic math, algebra and statistical formulas
Ability to: read and interpret applicable contracts, agreements, reports, statements, invoices, confirmations, correspondence, tariffs, government regulations, industry standards, financial data, electronic bulletin board communications and company policies and procedures
Ability to: maintain the highest level of confidentiality with sensitive information
Ability to: independently perform duties and manage multiple projects under time constraints and competing deadlines
Ability to: utilize excel advanced formulas, pivot tables, graphs and add-ins
Tulsa, OK
ONEOK, Inc. (pronounced "One-Oak") is a diversified Fortune 500 corporation based in Tulsa, Oklahoma. ONEOK was founded in 1906 as Oklahoma Natural Gas Company, but It changed its corporate name to ONEOK in December 1980. It also owns major natural gas liquids (NGL) systems due to the 2005 acquisition of Koch Industries natural gas businesses.
ONEOK's Energy Services operation focuses primarily on marketing natural gas and related services throughout the U.S. Energy Services, which derives more than 84 percent of its earnings from the physical marketing business, showed an operating income increase of $26.5 million. Energy Services’ retail business participates in customer gas choice program in Nebraska and Wyoming.
On December 22, 2005, The ONEOK Foundation said it would donate $1 million this winter to assist residents in Oklahoma, Kansas and Texas with their energy bills.
In 2007, Fortune magazine named ONEOK the most admired company in the energy industry.
ONEOK's predecessor, Oklahoma Natural Gas Company (ONG), had been headquartered in an Art Deco building on the northwest corner of Seventh Street and Boston Avenue in Tulsa since 1928. In 1982, ONEOK chairman, J. E. Tyree, announced plans to demolish the ONG building and replace it with a new 16-story tower. However, this did not happen. Instead, ONEOK bought the Cities Service Company (later renamed Citgo) in August, 1982. The acquired company already had a project underway to build a high-rise headquarters building at Fifth and Boulder. ONEOK realized that it would be more economical to cap the planned structure at 17 stories and move its headquarters there, rather than to proceed with its original plan. It completed the new black granite and glass tower in 1984.
In 2009, ONEOK sponsored the construction of ONEOK Field, the new Tulsa Drillers minor league baseball stadium in downtown Tulsa.