Commercial Associate
Posted on: 27 Dec 2021
Houston, TX
Job Description
Summary:
The Associate position on the Commercial team will support senior Commercial staff in the assessment of and development of strategic positioning to drive growth of existing business lines, expand into new markets, and achieve additional operational efficiencies. The Associate will be responsible for assisting senior Commercial staff in management of existing business lines. The Associate will meet with existing and potential customers on a regular basis to discuss current operations and identify new business opportunities. The individual will be responsible for assisting in the research and analysis of commercial and business development opportunities.
Principle Duties & Responsibilities:
Manage execution and due diligence for commercial and business development opportunities
Create detailed projection models for new projects, evaluate cash flow and rates of return, and present the analysis to senior Commercial staff
Maintain existing financial models utilizing information obtained from customers, internal sources, and external research
Maintain close contact with existing customers to ensure customer satisfaction with current operations and identify new business opportunities
Identify potential new customers and business opportunities and manage proposal development, financial analysis, risk assessment and presentations to customers
Prepare presentation materials and analyses for meetings with senior management and the Board of Directors
Maintain ongoing analysis of the existing business including operational data, volume tracking and analysis of monthly financial results
Communicate effectively and work closely with divisions across the organization including Engineering, Operations, Legal, Accounting, Financial Planning & Analysis, Corporate Strategy, etc.
Collaborate with senior members of Commercial and other departments to help develop business cases required in support of transactions and investment recommendations
Education & Experience:
Bachelor’s degree with relevant coursework in business, engineering, finance and/or accounting
Three to five years of relevant experience required
Prior experience in commercial/business development, investment banking, consulting, or engineering preferred
Prior experience in the Oil and Gas industry preferred
Ability to create complex financial models
Knowledge Skills & Abilities:
A solid understanding of finance and generally accepted accounting procedures required
Strong analytical and financial skills including economic valuation and return on investment
Strong proficiency in Microsoft Excel and PowerPoint skills required
Excellent oral and written communication and interpersonal skills
Self-starter with the ability to work/collaborate effectively within a team
Occasional travel may be required
Collaborative team player with ability to partner and work with varying levels and departments
Ability to work effectively in a fast-paced environment
Ability to meet strict deadlines
Physical Demands and Working Conditions:
Will work primarily in an office environment
Available to travel on an occasional basis
Ability to sit for prolonged periods of time
Able to view computer terminal for long periods of time
Manual dexterity for operating computer and office equipment
Summit Midstream Partners
The Woodlands, TX
Headquartered in The Woodlands, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a growth-oriented master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States.
We currently operate natural gas, crude oil and produced water gathering systems in six unconventional resource basins:
the Appalachian Basin, which includes the Marcellus and Utica shale formations in West Virginia and Ohio;
the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations;
the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming;
the Permian Basin, which includes the Bone Spring and Wolfcamp formations in New Mexico;
the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and
the Piceance Basin in Colorado and Utah, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.
Our systems and the basins they serve are as follows:
the Mountaineer Midstream system, which serves the Appalachian Basin;
the Bison Midstream system, which serves the Williston Basin;
the Polar & Divide system, which serves the Williston Basin;
the DFW Midstream system, which serves the Fort Worth Basin;
the Grand River system, which serves the Piceance Basin;
the Summit Utica system, which serves the Appalachian Basin;
the Niobrara G&P system, which serves the DJ Basin; and
the Summit Permian system, which serves the northern Delaware Basin.
SMLP has an equity investment in and operates Double E Pipeline, LLC, which is developing natural gas transmission infrastructure that will provide transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas. SMLP also has an equity investment in Ohio Gathering, which operates extensive natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio.
We generate a substantial majority of our revenue under primarily long-term and fee-based gathering agreements with our customers. The majority of our gathering agreements are underpinned by areas of mutual interest (“AMIs”) and minimum volume commitments (“MVCs”). Our AMIs provide that any production drilled by our customers within the AMIs will be shipped on our gathering systems. The MVCs are designed to ensure that we will generate a minimum amount of gathering revenue over the life of each respective gathering agreement. The fee-based nature of the majority of the gathering agreements enhances the stability of our cash flows and limits our direct commodity price exposure.
Since our formation in 2009, our management team has established a track record of executing this growth strategy through the acquisition and subsequent development of DFW Midstream, Grand River, Bison Midstream, Polar & Divide, Mountaineer Midstream, Summit Utica, Niobrara G&P, Summit Permian, and Double E Pipeline.
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IndustryOil and Gas
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No. of Employees200 -1000
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Website
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Jobs Posted145
