Dean Foreman, Ph.D. Email & Phone Number

As Chief Economist at TXOGA, I drive the strategic shaping of energy policies and regulations in Texas. I have enhanced TXOGA’s analytical capabilities, ensuring comprehensive data coverage of the state’s oil and natural gas sectors. This effort has notably boosted the organization's visibility and facilitated robust data-driven decision-making.• Developed in-house capabilities for Texas social impact studies, adapting economic multipliers to provide detailed economic profiles for legislative mobilization on policy issues. This includes insights on jobs, wages, and GDP at the district level.• My detailed economic analyses on sectors like electricity markets and LNG exports inform state policy. In recognition of my impactful contributions, I was named a LinkedIn Top Voice in 2024. I regularly provide expert testimony to key state commissions and legislative committees, influencing Texas’ energy policy landscape.

Washington, District Of Columbia, Us

Provided direction and oversight to API’s economics function and led a comprehensive system of market and economic information for the oil and natural gas sectors. Developed strategic, operational, and tactical plans to support the nation’s industry by overseeing the analysis, evaluation, and reporting of critical market and economic information. In all work, maintained close relationships with the industry, including producers, pipelines, refiners, service companies, and trade associations, to best serve stakeholder needs, ensure effective cooperation, and effectively disseminate market information and analysis.Led the synthesis of a wide range of price, production, demand, inventory, and trade information as well as market intelligence from voluntary industry cooperators. Leveraged data received to produce API flagship reports informing API’s policy advocacy and communications.• Led the initial overall development and implemented new analytical platforms to produce flagship API weekly, monthly and quarterly reports. Architect of API’s proprietary economic indicator, the API Distillate Economic Indicator™.• Represented API and the U.S. oil & natural gas industry extensively, giving an average of two presentations every week. Prolific author of over 110 blog articles for the API Energy Tomorrow as well as peer-reviewed research. Developed a strong multi-media presence (print, radio, podcast, webinar, tv) that generated millions of impressions, delivering messages about the importance of energy to human and economic development as well as U.S. energy security.• Presented expert testimony and led successful API interventions in key state and federal proceedings. • Served as an industry thought leader in multiple forums and on three advisory boards.

Dhahran, Sa

Saudi Aramco, officially the Saudi Arabian Oil Company or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran and among the largest companies in the world by revenue. As an expatriate employee, managed two teams, 1) short-term market monitoring and precision forecasting of oil prices one month ahead, and 2) long-term oil demand research and its outlook to 2040, including related long-term strategic planning processes and energy modeling analytics with accountability for forecasts globally by country, fuel, and sector.• With adept problem-solving, led re-development and programming of global long-term oil demand modeling in context with International Energy Agency data by country, fuel, and end-use sector. Implemented a new model, constrained to be consistent with previous forecast systems, on within budget and on time within a period of three months.• Designed a suite of new short-term price analytics to triangulate forecast ranges suggested by fundamental analysis, econometric time series analysis, mean reversion techniques, and Delhi perspectives.• Collaborated to develop Mathematica-based market penetration models for alternative drivetrains in light-duty and heavy-duty transportation globally by country to 2040.

For a Barclay Hedge Top 10-ranked private investment, global research, and asset management firm with assets under management of $120 million, directed global macroeconomic research to drive SandPointe’s quantitative models, which enabled its clients to be fully invested or divested from the market on any given day. • Shifted from an initial focus on international equities and commodities to lead the economic research team, developing innovative analytics that accurately forecasted S&P 500 asset prices.• Developed and implemented SandPointe’s best performing econometric investment models, beating the S&P 500 in absolute and risk-adjusted terms in 2016.

Sandton, Gauteng, Za

For an integrated international energy and chemical company with more than 30,000 employees in 38 countries, directed Sasol North America’s enterprise and project risk management and supported Corporate Planning with expertise in natural gas, oil, and petrochemical market trends. • Contributed to an affirmative investment decision on an $10+ billion petrochemical complex and established the risk management framework that successfully kept it on track with original cost estimates. • Designed and implemented a risk analysis framework with engagement to help mitigate and solve problems across every function involved in U.S. mega-project development, from inception through initial execution phases.• Led internal teams to re-position the value proposition of Sasol’s key natural gas conversion technology.

For one of Canada’s largest upstream exploration and production companies with core assets in the Americas, Asia, and the North Sea, mapped out a go-to-market global economics, energy and competitive analysis approach and built a multidisciplinary team of five to support it. Advised senior executive management and engaged broadly in planning & strategy, investor relations, hedging, risk management, external affairs, and M&A/business development.• Drove pivotal changes to the Company’s economic planning bases and influenced strategic decisions, including for example timely conventional gas asset dispositions that saved the Company more than $2 billion.• Helped troubleshoot and ensure the integrity of business cases for Marcellus, Eagle Ford and Montney shale developments. Led the company’s led North American gas strategy starting in 2012.• Contributed to numerous business development/M&A efforts and evaluations of gas monetization alternatives, including relationship between Talisman and Sasol that led to a $2.1 billion joint venture.

Us

Reporting to the Upstream Treasurer, served as lead Treasurer for Americas production affiliates. Provided expert advice on capital investment decisions and risk. Supported US Tax, Land, Asset Enhancement (A&D) and Joint Interest departments. Provided leadership on financial impacts of new initiatives, including acquisitions & divestitures and enhancement of affiliate capitalization processes that identified opportunities for $6 billion of dividends in 2008. Efficiently geared international tax optimization efforts via Production Payments and Like-Kind Exchanges.

Us

Directed the central macroeconomics function and World Economic Outlook with strong business relevance and refined communications. Enterprise Leadership Program nominee and participant. Appointed to the Speaker’s Coalition. Developed new tools, data, systems, and information to evaluate the global economics and energy. Redesigned many of ExxonMobil’s energy demand models and contributed greatly to the Energy Outlook. Contributed to solutions for a breadth of business issues spanning the value chain and represented ExxonMobil with the National Petroleum Council, Global Insight Executive Strategy Council, Stanford Center for International Development.

Ph.D., Economics

Master Of Arts - Ma, Economics

Ba/Bs, Math & Economics