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BP Americas, Inc. Permian Midstream Negotiator in Denver, Colorado

108735BR

Job title:

Permian Midstream Negotiator

Segment:

Upstream

Req ID:

108735BR

Relocation available:

Yes - Domestic (In country) only

Travel required:

Yes - up to 10%

About BP:

BP's BPX Energy business (formerly known as the Lower 48) operates across a vast US geography, from Texas north through the Rocky Mountains. The business manages a diverse portfolio which includes an extensive unconventional resource base of about 7.5 billion barrels of oil equivalent across 5.5 million gross acres in some of the largest and most well-known basins in the US. Headquartered in Denver (Colorado), BPX Energy employs about 1,700 people across six states, operates more than 9,600 producing wells and has 70,000 royalty owners. Our vision is to be the premier, high return, onshore exploration and production company that consistently increases asset value. Our Wyoming operations are anchored on the giant Wamsutter tight gas field in the south central part of the state. In the San Juan area of Colorado and New Mexico we produce from tight gas sands and operate the largest coal-bed methane field in the US. Our Mid-Continent operations cover the prolific Anadarko, and is home to the famed East Texas basin, along with the Woodford shale gas play and Arkoma basin. We also have non-operating interests in over 10,000 wells across the US with substantial positions in both the Eagle Ford and Fayetteville shale basins. In 2018, BP completed a $10.5 billion acquisition of BHP's world-class unconventional oil and gas assets in the Permian-Delaware basin in Texas, along with two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana. These assets currently produce 190,000 barrels of oil equivalent per day, of which about 45 percent are liquid hydrocarbons. The deal represents BP’s largest purchase since buying ARCO in 1999. It is a transformational acquisition for our BPX Energy business which gives the BPX Energy team access to some of the best acreage in some of the best basins in the onshore U.S.

Job Family Group:

Strategic Planning & Business Development Group

Job Profile Summary:

The Midstream Negotiator leads commercial activities for the rapidly growing Permian Basin are to ensure optimized flow assurance and value realization through the Midstream organization. The Midstream Negotiator reports to the Midstream VP and utilizes the capabilities of the Team Analysts. This position will require the individual to have excellent communication skills, and be able to provide leadership and commercial acumen that enhances business results and drives performance. The Midstream Negotiator operates and provides direct midstream support to the Operations and Development Teams. BPX Energy represents a unique opportunity to work in a dynamic and innovative onshore U.S. exploration and production company structured as a fully owned BP subsidiary with a high-performance culture based on empowerment, accountability, and collegiality. We are focused on building a premier, market visible, high return, onshore U.S. exploration and production company that has consistently grown value in recent years culminating with the acquisition of the BHP onshore portfolio. With a vast resource base and a deep expertise in unconventional oil and gas, including shale, the business delivers hydrocarbon production as well as technical knowledge on unconventional gas to BP operations worldwide.

Time Type:

Full time

Country:

United States of America

Location:

United States - Colorado - Denver

Job advert:

Key Accountabilities

Work within a Commercial Midstream Team consisting of Midstream Negotiators and Financial Analysts in managing the netback realizations, midstream costs, and flow assurance for BPX Energy’s Permian Business Unit including:

Develops oil and gas export options for new developments, prepares economics, negotiates relevant agreements including, but not limited to gathering, transportation, interconnect, processing, stabilization, storage and separation

Ensures export availability for all oil, gas and NGLs for all production, both BPX Energy operated and non-operated properties, with a keen focus on value generation

Liaises with BP trading group in ensuring the marketing of take-in-kind production and leveraging their expertise in establishing and managing the highest value outlets for production

Builds and maintains relationships with third party gathering, treating and processing companies.

Supports the BPX Energy Permian Business Unit in managing midstream service costs (gathering, processing, oil hauling, etc.) in support of the business objectives

Actively pursues options for contract optimization including renegotiations, extensions, changing providers and more

Works jointly with Midstream Analysts to prepare netback realizations for planning cycles, analyze and improve realized prices, evaluate midstream cost trends, and improve midstream cost structure

Assures contracted midstream service through vigorous production deferral management program

Essential Education

University Degree in Finance, Engineering, Mathematics, Business Administration or similar from an accredited university or equivalent.

MBA or Masters in a related field is a plus

Essential Experience

  • 5+ years of experience in commercial midstream, marketing or other commercial roles

  • Highly effective communication and people skills; ability to develop and use informal networks

  • History of developing and executing value-adding opportunities in the onshore oil and gas space

  • Growth mindset and willingness to embrace and lead teams through change

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