Oil Marketing Manager - Utah

SM-Energy Company•Denver, CO

22h•Hybrid

About The Position

The Oil Marketing Manager – Utah is responsible for the marketing and logistics management of SM’s Uinta basin crude oil. The individual has significant experience in E&P crude oil marketing including knowledge of rail, crude measurement, contract negotiation, commodity sales, A&D, and deal evaluation. The Manager may oversee and lead Marketing staff. Essential Roles & Responsibilities Evaluates economies of complex deals Identifies, evaluates, and compares market alternatives for crude (Uinta basin waxy crude) Negotiates new transportation, storage, and sales contracts Manages existing contracts and builds relationships with buyers and service providers Oversees product movement via truck and rail, from wellhead to refinery markets (works closely with rail scheduling team) Approves transportation/freight invoices for payment Calculates monthly purchaser settlements and communicates with Revenue Accounting for invoice preparation Prepares and delivers executive level reports and presentations Monitors commodity market fundamentals including supply and demand trends and implications on forward pricing Works with Treasury to ensure counterparty creditworthiness Performs acquisition/divestiture evaluations and due diligence Prepares production and pricing forecasts and other market analyses/models Calculates quarterly price and transportation differentials for corporate reserve valuations, corporate planning/AFE economics and regional budget preparation Demonstrates comprehensive understanding of crude sales economics Works closely with regional personnel Helps develop long term marketing strategy including marketing commitments and planning and analysis to maximize revenue, limit exposure and maintain flexibility. Assists in developing company's view on commodity pricing Motivates, trains, and supervises marketing personnel Other duties as assigned

Requirements

Advanced level of proficiency in Microsoft Excel required.
Advanced knowledge of Marketing fundamentals, including contract negotiation and contract knowledge.
Advanced proficiency in analyzing complex oil midstream and logistics deals.
Advanced understanding of patterns, correlations, and trends to support decision making and risk mitigation.
Bachelor's Degree in Business Administration, Engineering or relevant field required.
Minimum of 8 years of Oil and Gas industry experience.
Crude oil commercial experience required.

Nice To Haves

MBA or energy-related Master's Degree preferred.
Familiarity with rail movements and logistics highly preferred.
Familiarity with waxy crude beneficial.

Responsibilities

Evaluates economies of complex deals
Identifies, evaluates, and compares market alternatives for crude (Uinta basin waxy crude)
Negotiates new transportation, storage, and sales contracts
Manages existing contracts and builds relationships with buyers and service providers
Oversees product movement via truck and rail, from wellhead to refinery markets (works closely with rail scheduling team)
Approves transportation/freight invoices for payment
Calculates monthly purchaser settlements and communicates with Revenue Accounting for invoice preparation
Prepares and delivers executive level reports and presentations
Monitors commodity market fundamentals including supply and demand trends and implications on forward pricing
Works with Treasury to ensure counterparty creditworthiness
Performs acquisition/divestiture evaluations and due diligence
Prepares production and pricing forecasts and other market analyses/models
Calculates quarterly price and transportation differentials for corporate reserve valuations, corporate planning/AFE economics and regional budget preparation
Demonstrates comprehensive understanding of crude sales economics
Works closely with regional personnel
Helps develop long term marketing strategy including marketing commitments and planning and analysis to maximize revenue, limit exposure and maintain flexibility.
Assists in developing company's view on commodity pricing
Motivates, trains, and supervises marketing personnel
Other duties as assigned