Brad Ledbetter Email and Phone Number
Energy Relationship and Asset Developer | Energy Asset Logistics | Energy Asset Manager and Optimizer | Analytics and Commodity Risk Manager | SME for Upstream Matters | LNG Feed Gas Supply, Gas Transportation and Storage, Gathering and Processing, Trading and Marketing, and Risk Management | Consultant for Gas Storage and Trading and MarketingI enjoy working with internal and external stakeholders to achieve the desired commercial outcomes, and am comfortable working in matrix organization structures and being a part of multi-disciplinary teams. I also derive satisfaction and fulfillment from sharing my experience and knowledge with other team members, and gaining insights and perspectives from their interrelating disciplines.Key skills and experiences include a deep background in developing and configuring supply, transport, and storage assets and services all along the value chain so that they work together seamlessly to provide the intrinsic and extrinsic value expected. I have trilaterally collaborated with producers and marketers, and pipeline/storage operators and developers, to match and synchronize existing and emerging supply sources with existing and new build pipeline/storage capacity for large scale loads like LNG, power generation, and refining and industrial loads. Experience includes FERC regulated (rate based and market based rate tariffs) and non-FERC regulated pipeline and storage assets.My experience also includes developing and managing salt and reservoir storage assets, from project inception, build and construction, to commercial in service, with regulatory and permitting activities, and FERC tariff design and modification to achieve the complete offering of services desired. Extensive interaction with operations personnel for salt storage created a deep understanding and appreciation for the below ground hydraulic operation of salt cavern storage, and then the topside hydraulic operations of interconnecting with up to eight different interstate pipelines on a large storage header asset. With the added experience of managing physical and financial trading and marketing positions in a trading desk environment, I have a clear view to understanding the physical capabilities and limits to which the pipeline and storage assets can perform, and then can also arrange the financial assets to manage the commercial obligations of the underlying assets within the desired risk management guidelines, even through hurricanes, polar vortexes, and shoulder month extremes.I can be contacted at 832-415-6129 for future opportunities.
Valero Energy Corporation
View- Website:
- valero.com
- Employees:
- 84
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Director, Natural Gas Planning And OptimizationValero Energy CorporationHouston, Tx, Us -
Director, Natural Gas Planning & OptimizationValero Energy Corporation Jul 2021 - PresentSan Antonio, Tx, UsValero Energy Corporation, San Antonio, TX Director Natural Gas Planning & Optimization Subject Matter Expert for all Gas Supply, Transportation, and Storage Matters • Arrange supply, transportation, and storage service in support of VLO US refining and ethanol operations consuming +0.5 bcfd of natural gas. Evaluate owned FT and commodity, agency/AMA, and delivered commodity structures for existing intra-state and interstate pipeline transportation capacity, to include ancillary services like No Notice Balancing and/or owned Firm Storage Service, and present solutions to senior management. Manage daily matching of ratable supply to variable plant loads. • Provide risk management oversight through development of risk management protocol, daily reporting of market fundamentals and pricing and results of recommended action steps. -
AssociateThe Alliance Risk Group, Llc Apr 2021 - PresentPerform consulting service for natural gas storage acquisition and operations, and natural gas portfolio structuring for large scale end use and LNG feed gas supply. Engagements include buy-side storage commercial valuation, risk management, and due diligence for salt cavern and reservoir assets, and evaluation of supply, transport, and storage asset portfolio configurations to include application and implementation of risk management best practices.Consulting interests include Integrated Risk Management, ESG issues, and due diligence and asset valuation for energy asset transactions. -
Director, Commercial DevelopmentSempra Lng May 2015 - Mar 2021San Diego, Ca, UsSubject Matter Expert for all Gas Supply, Transportation, and Storage Matters Upstream of Liquefaction Plants• Leveraged relationships among 3rd party service providers for project concepts re-purposing existing pipeline transportation capacity and/or developing new build capacity options to meet metrics for diversity of supply, interconnectivity, reliability and redundancy, scalability, and future supply and load aggregation.• Instituted trilateral collaboration among producers, pipelines, and end user to jointly define optimal project configuration and design scope.• Recruited shippers/producers and project equity for large portfolios of +2 bcfd with sculpting of volume, term, pricing, and credit metrics to de-risk project supply, provide lowest landed cost, and sync flowing gas supply to a variable plant load among power gen, refinery, and LNG liquefaction loads.• Jointly developed Permian to Katy (“P2K”) 2 bcfd project concept with Boardwalk Pipeline Partners. • Modeled fundamental supply and demand data through the RBAC GPCM least cost dispatch pipeline grid model to identify potential supply and transportation constraints and solved for optimization solutions saving +$500MM of cap ex.• Modeled and sensitized storage and ancillary service profiles to match a non-ratable load to flowing supply and enhance plant efficiency and hydraulic functioning within grid tolerances.• Identified and quantified potential business and commodity risk parameters and developed initial risk management guidelines for desired financial and operational parameters.• Provided commercial leadership for generation and screening of infrastructure investment and acquisition and divestment activities. • Key member of deal team consummating sale of ~40 bcf of salt storage assets for $325MM.• Developed scope of work and managed $200M engagement and workstream deliverables of external consultants and internal multi-disciplinary teams for initial project supply studies. -
Senior Commercial Development ManagerSempra Lng Mar 2014 - May 2015San Diego, Ca, UsConceive, design, and implement feed gas supply configurations for Sempra LNG USGC liquefaction projectso Cross-develop pipeline feed gas capacity options for 20 year terms among ANR Pipeline, Boardwalk Pipelines, Enbridge, Energy Transfer, Enterprise, Kinder Morgan, Spectra, and Columbia Gulf Transmission pipelines for scalability, economies of scale, reliability and redundancy, and synergy realizationo Develop feed gas supply structures that enable de-risking of LNG SPA structures for Sempra owned liquefaction capacity o Design a portfolio of +2.25 bcf/d supply assets that mimic LNG SPA indexed supply pricing o Create 0.25-0.50 bcf/d tranches of supply that: o Float with LNG liquefaction plant load factors o Contain embedded options for synthetic storage o Provide for turn-down and turn-up capability to sync with plant dispatch profileo Design and develop FSS profiles that enhance LNG liquefaction plant efficiency and hydraulic functioning independent of the grid o Structure receipt and delivery points in path to create synthetic load following capability o Serve as subject matter expert (SME) for all upstream activities o Develop scope of work and manage engagement of independent consultants -
Vice President, Origination & OptimizationCardinal Gas Storage Jul 2011 - Aug 2013Commercial lead for development, in service, commercial operations and marketing, and logistics and optimization for reservoir and salt storage asset facilities.• Purchased 15+ bcf of base gas across multiple pipeline receipts for new storage facility commercial in service, and marketed and sold over 30 bcf of ancillary storage transactions to producer, marketer, LDC/utility, and power generation customers.• Coordinated with operations groups for daily fresh water, brine, and gas movements for cavern and reservoir pressure management, OBA management, and compression efficiency.• Designed and implemented a risk management profile for all facilities to identify asset performance capability versus commercial contract profile and set commensurate risk position limits and mitigation strategies.• Profitably managed assets through extreme events of hurricanes, polar vortexes, and shoulder month variability.• Collaborated with external and internal Legal and Regulatory counsel for design and implementation of FERC regulated (market based rates) tariffs including design of tariff services like No Notice Balancing Service.
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Vice PresidentPine Prairie Energy Center Apr 2006 - Jul 2011Commercial lead for development, in service, commercial operations and marketing, and logistics and optimization for reservoir and salt storage asset facilities.• Purchased 15+ bcf of base gas across multiple pipeline receipts for new storage facility commercial in service, and marketed and sold over 30 bcf of ancillary storage transactions to producer, marketer, LDC/utility, and power generation customers.• Coordinated with operations groups for daily fresh water, brine, and gas movements for cavern and reservoir pressure management, OBA management, and compression efficiency.• Designed and implemented a risk management profile for all facilities to identify asset performance capability versus commercial contract profile and set commensurate risk position limits and mitigation strategies.• Profitably managed assets through extreme events of hurricanes, polar vortexes, and shoulder month variability.• Collaborated with external and internal Legal and Regulatory counsel for design and implementation of FERC regulated (market based rates) tariffs including design of tariff services like No Notice Balancing Service.• Initiated the listing of the PPEC Hub point for trading on ICE, making the PPEC Hub point the leading volume traded point on ICE for a storage header. Collaborated with the CME to create the framework for a physically settled NYMEX natural gas contract at PPEC.
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Director, Sr Mktg Rep., Trader, Manager, And Account ExecutiveDuke Energy May 1988 - Mar 2006Responsible for managing and optimizing 2.0 bcf of Gulf Coast salt storage and 2.0 bcf of Canadian storage for large trading operation, executing physical and financial components to monetize monthly demand and meet profit objectives. o Analyzed supply and market factors for baseload, swing, and intraday optionality and economically configured monthly position. Offered day ahead and intraday balancing, seasonal storage, and park and loan products to internal gas and power books and external customers. o Generated monthly physical gas trading margin of $50,000 to $250,000. Optimized transport and storage contract positions. Initiated and structured mid-term and long-term transactions to capture and realize imbedded option value. Arranged transport and storage assets to create load management and peaking structures for gas and power customers. Conducted and directed economic dispatch and historical volatility and correlation studies.o Assisted fixed price and basis desk traders with trade execution, entry, daily position, PNL and DER reporting, with basis desk traders recording as much as $70MM annual PNL. Traded apprentice book and managed swing swap book. Assisted design and implementation of several versions of Sequel database and Business Objects for reporting trading activity. o Developed natural gas field zone projects, marketing gathering and processing services to area producers. Arranged a menu of processing options and fee structures for best netback, reconfigured compression.o Directed NGL hedging program and financial studies for NGL processor - acquisitions, dispositions, contract pricing - optimized NGL sales in Conway and Mont Belvieu markets. o Performed tax research, federal tax return preparation, income tax accruals, and tax affected operating income forecasts. Interfaced with senior executives on special projects.
Brad Ledbetter Education Details
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Texas A&M UniversityAccounting
Frequently Asked Questions about Brad Ledbetter
What company does Brad Ledbetter work for?
Brad Ledbetter works for Valero Energy Corporation
What is Brad Ledbetter's role at the current company?
Brad Ledbetter's current role is Director, Natural Gas Planning and Optimization.
What schools did Brad Ledbetter attend?
Brad Ledbetter attended Texas A&m University.
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