RBN’s School of Energy is headed north – all the way to Calgary. We have reworked, restructured and reorganized the curriculum to make the conference better than ever. And we guarantee it will be way cooler than our Houston Schools. We call it a Remix, because we have added new models, replaced some old models and enhanced them all. But even more important, we have increased the number of model labs from one to FOUR!! Each lab will step you through the model logic, how to input the data and how to interpret the results. You will work through cases that will test your knowledge on how the models work. And of course, all the course content has been updated to reflect the big changes in markets and pricing over the past few months. Warning, today’s blog is a blatant commercial for our Calgary conference.
School of Energy is nothing like other conferences you may have attended. It is structured more like a classroom, where we work through current developments in some aspect of the market and then examine those developments in the context of excel models that grapple with a wide range of issues including production economics, production forecasting, estimating pipeline construction costs and rates, netback analysis, coal versus gas displacement, crack and frac spreads, refinery crude selection, natural gas processing economics, ethane rejection, and petrochemical feedstock selection. You’ll walk out the door with the ‘how-to’ PowerPoints and the excel models on your hard drive. No talking heads, no mind numbing speeches. Just practical, usable energy market fundamentals. See the School of Energy brochure for detailed course content and syllabus.
Although many of the models are new or at least significantly upgraded, the course content continues to follow the same theme we write about each day in the Daily Energy Post – The relationships between the energy commodities are changing….such that the markets for natural gas, NGLs and crude oil are tied together in ways we’ve never seen before. What happens in gas impacts NGLs, which influences crude oil, which loops back to the natural gas market. As we’ve said frequently, there was a time when you could live out your career in the gas business, or the NGL business, or the crude business and get by with knowing very little about the other hydrocarbon markets. Those days are gone forever. School of Energy is designed to integrate your knowledge of these three commodities with hands-on, practical instruction and training.
Calgary School of Energy
RBN’s School of Energy is scheduled for March 30-April 1 at the Calgary Telus Convention Centre. Our Hotel in Calgary is the Hyatt Regency. Register now and take advantage of the early bird rate for a 13.3% cost savings! Fees are payable by credit card in US dollars. To register for the conference, go to the Events tab on the RBN website.
If you have any questions or need to use another payment method, please email Brenda via [email protected] or call 888-612-9488. Our School of Energy conferences tend to sell out weeks in advance. We have more space this time, but seats are limited. Please register early.
Our Calgary School of Energy Remix curriculum is designed around six modules.
Module #1 – Fundamentals: Market Overview, Transportation Capacity and Flows, Price Differentials and Value, Understanding Energy Fundamentals Models
Module #2 – Production: Unconventional and Conventional, The Link to Investment Returns and Price, Well Cost, Production Rates, Decline Curves, Production Economics, Forecasting, The Market Impact of Shale Economics
Module #3 – Natural Gas Markets: Current Market, Transporting Gas – Natural Gas Pipeline Projects, Natural Gas Hubs and Basis, Natural Gas Transportation, Rates and Regulation, Market Trends: Power, Industrial, Res/Comm, LNG Exports, Commercial Arrangements and Transactions, Netbacks
Module #4 – Crude Oil: Current Market, Transporting Crude Oil – Pipe, Rail, Water, Fundamentals of Refining, Commercial Arrangements and Transactions, Crude Oil Hubs and Basis, Crude Oil Transportation, Rates and Regulation, Netbacks, Quality - Light, Medium & Heavy Demand, Condensate and Crude Exports
Module #5 – Natural Gas Liquids: Current Market, Transporting NGLs, Gas Processing and Fractionation, Commercial Arrangements and Transactions, NGL Hubs and Basis, NGL Transportation, Rates and Regulation, Netbacks, Regional Product Imbalances; Price Impact, NGL Exports
Module #6 – What It All Means: Handicapping Forecasts, The Implications of Exports, A New Energy Future
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About the song
“Takin’ Care of Business” was written by Randy Bachman and is the eighth cut on Bachman-Turner Overdrive’s second album, Bachman-Turner Overdrive II. Released as a single in January 1974, the song went to #12 on the Billboard Hot 100 Singles chart and spent 20 weeks in the charts. Bachman had started writing the song when he was still a member of The Guess Who. Back then the working title and chorus of the song was “White Collar Worker.” After changing it to “Takin’ Care of Business,” the band jammed on it at a live concert with Randy Bachman singing it in order to give BTO’s lead vocalist and bassist, Fred Turner, a chance to rest his voice. After BTO finished the song, the audience was still clapping and shouting out “Takin’ Care of Business.” The band knew then that they had a potential hit song and finished writing the lyrics and getting it on their next album. The song has appeared in many television shows and movies, and the NBA’s Oklahoma City Thunder uses it as their theme song. As a side note, Elvis Presley had adopted “TCB (taking care of business)” as his personal motto, naming his touring band the TCB Band and making jewelry up with the TCB logo with a lightning bolt through it to give to members of his inner circle. The logo also appeared on his private jet, the “Lisa Marie.” After Presley’s death, Priscilla Presley confirmed that Elvis loved the BTO song. Personnel on the record were: Randy Bachman (lead vocal, lead guitar), Tim Bachman (second lead guitar, backing vocals), Fred Turner (bass, backing vocals), Robbie Bachman (drums, percussion) and Norman Durkee (piano).
Bachman-Turner Overdrive II was recorded at Kaye-Smith Studio in Seattle in 1973, with Randy Bachman producing. Released in December 1973, the album went to #4 on the Billboard Top 200 Albums chart. In addition to “Takin’ Care of Business,” “Let It Ride” was released as a single from the album, topping out at #23 on the Billboard Hot 100 Singles chart.
Bachman-Turner Overdrive, also known as BTO, was a rock group formed in Winnipeg, MB, in 1973. BTO has released 10 studio albums, six live albums, 11 compilation albums and 22 singles and has sold 30 million records worldwide. The band has been inducted into the Canadian Music Hall of Fame. Twelve members have passed through the ranks of BTO since its formation. Robbie Bachman died in January 2023 and Tim Bachman passed away in April 2023. Fred Turner retired in 2018 and Randy Bachman still records and tours — he’ll be playing Calgary on October 13.
