Rick Smead is Managing Director, Advisory Services, for RBN Energy LLC. He specializes primarily in the natural gas sector, offering expert policy and regulatory analysis and advice, litigation support, and strategic advice with respect to gas pipelines, potential supplies, and market initiatives. Rick has been an active consultant in the industry for over 20 years, following over three decades in management within the gas industry. For 24 of those years, he was an executive for a dozen major natural gas pipelines under three different holding companies—spanning some of the largest systems in the nation. Among other things, Rick was instrumental in managing and leading the industry restructuring under FERC Order 636. He has been widely recognized as a top expert in pipeline regulation and rate-setting. As a consultant, Rick spent nine years as co-head of the natural gas practice for Navigant Consulting, Inc., a large multinational advisory firm. Both at Navigant and at RBN, his consulting practice has spanned the LNG industry, both for project developers and for a large national oil company, the U.S. shale gas boom and its interaction with LNG, the pipeline industry, power generation, and other gas markets. While at Navigant, he managed and co-authored the first major quantification of the U.S. shale potential in 2008, the pivotal North American Natural Gas Supply Assessment. He then became deeply involved in the opportunities for the use of the nation’s natural gas abundance, including power generation and LNG exports. His work at RBN involves some of the most active and current issues in the industry, including supply disputes, infrastructure development, and pipeline economics. He is active in the Energy Bar Association, the national organization of regulatory attorneys and in 2023 received the Paul E. Nordstrom award, EBA’s highest award for contributions to the organization and the practice of energy law. He holds a Bachelor of Science in Mechanical Engineering from the University of Maryland and a law degree from George Washington University.
Posts by Rick Smead
Open Season – Key Step Can Help Gas Pipelines Boost Regulatory Certainty, Limit Court Challenges
Open seasons are a key part of marketing capacity for gas pipeline and storage projects, but they can also raise several regulatory questions. And the answers depend on what kind of open season it is. Today, we take a deep dive into the ins and outs of a gas project open season.
Blankets – FERC Starts a Process to Expand Blanket Gas Pipeline Authorizations
The Federal Energy Regulatory Commission issued a Notice of Proposed Rulemaking on applying its “blanket authorization” rules to a lot more gas pipeline projects than in the past. In today’s RBN blog, we discuss the proposal and what the planned change would mean for pipeline owners and developers.
Open Season – The Critical Midstream Step That Can Make or Break a Pipeline Project
One of the most discussed and often misunderstood aspects of the midstream world is the pipeline open season. It is how midstreamers go out to the market to test shipper interest and lock in commercial commitments for new projects and can effectively determine whether a project will get built.
Rikki Don’t Lose That Number — ‘311’ Gas Transportation: What Is It, Why Is It, and How Does It Work?
A regulatory topic that had long been very backburner — the so-called “311” transportation of natural gas — is suddenly front and center because it applies to the slew of new, mostly intrastate pipelines that have been built across Texas to get Permian gas to LNG terminals on the Texas and Louisiana coasts.
Williams Companies Put Focus on Natural Gas, Louisiana LNG Project in Q3 Earnings Call
On November 4, the Williams Companies held their third-quarter earnings call. The focus was very much on natural gas, including multiple expansions of the Williams pipelines and storage, diverse both in geography and in the markets served, plus a discussion of the recent Williams investment in Woodside LNG’s Louisiana LNG terminal.