Operational & Risk Management Expertise for the Energy Industry

ACT ENERGY MANAGEMENT, INC.

Experienced Energy Industry Director with expertise in natural gas operations and proven ability to provide energy and natural gas price management policy leadership; and capability to develop, evaluate, and implement corporate strategies.

· Applies initiative to establish Natural Gas Price Management program, design storage asset management strategy, and develop industrial market-based pricing incentives, reducing corporate commodity price risk by 50%.

· Demonstrates knowledge of financial derivative products associated with hedging natural gas, generating formal hedge management policy and creating hedge operations plan.

Twenty-years experience interfacing with colleagues and clients, participating on planning, design and implementation teams which have successfully shaped the direction of The Southeast Alabama Gas District.

 

A.C.T Energy Management, Jackson, Alabama                                         2006-Present

Partner in ACT Energy Management

Providing Management Consultant Services to the Municipal Natural Gas Industry

Currently A.C.T. Energy Management manages the Clarke-Mobile Counties Gas District; Annual through put 14 BCF

 

The Southeast Alabama Natural Gas District, Andalusia, Alabama       1986-Present

Director of Gas Management (Contract Employee since 2006)            2001-Present

· Developed and implemented corporate natural gas purchase and storage asset management strategies, reviewing market fundamentals and technical aspects.

· Generated formal hedge management policy and created hedge operation plan, utilizing various hedging tools to implement strategy.

· Participated on purchasing and financing team in acquisition of natural gas reserves, including $84 million purchase of interest in 700 natural gas wells. Currently work with consultant, company representatives and corporate-partner representatives in managing the company’s Black Warrior Coal Bed Methane production interest.

· Headed gas scheduling and control department, overseeing and managing pressure, volume, and system integrity.

· Managed large and mid-sized industrial accounts, through isolating larger industrial accounts from overall weighted cost of gas and helping selected industrials hedge natural gas position.

· Performed daily cash sales and purchases from various market participants, polling numerous players in daily cash market for price discovery to buy and sell incremental gas and maximized system assets.

Continually working as a part of the company team in analyzing gas supply and gas reserve acquisitions.

 

Manager of Gas Marketing                                                                   1997-2001

· Established trading system, utilizing future contracts, options, and forward purchases and sales; opening accounts with broker; and trading on New York Mercantile Exchange.

· Reduced commodity price risk by 50%, spearheading effort to lower commodity price risk and initiating market-based rate program for large and mid-sized industrial customers.

· Initiated natural gas price management program, developing trade infrastructure, educating management and board of directors, establishing policy, and designing accounting system for hedging policy.

Developed large industrial pricing program, interviewing industrials, identifying needs, acting as intermediary, and implementing means for hedging natural gas through company.

 

Superintendent of Operations – Dothan Division                                1993-1997

· Managed the Dothan Division which included The Southeast Alabama Gas District’s single largest distribution system, Dothan, Alabama, and the company’s greatest concentration of large industrial customers. Supervised transmission and distribution systems operations. Overseeing construction and installation departments as well as division marketing.

· Responsible for 100 mile transmission system and four member city distribution systems within the division, equaling one-third of company operations, and directed business office operations in member cities.

Managed up to 60 employees, interviewing, hiring, delegating duties, counseling, and evaluating.

 

Superintendent of Operations – Andalusia Division                          1991-1993

· Supervised operations for up to 11,000 customers over 120-mile transmission main and up to six distribution systems, overseeing construction department and division marketing.

· Ran transmission and distribution system within each division, equaling one-third of company, and directed business office operations in member towns.

Managed up to 60 employees, interviewing, hiring, delegating duties, counseling, and evaluating.

 

Management Assistant - Corporate                                                   1986-1991

Designed and installed 40-mile transmission pipeline and engineered two Cast Iron renovation projects, overseeing construction and contractor production.

 

 

M.B.A., Troy State University, Dothan, AL—1996

“Outstanding Graduate Student in Business Administration” Award, School of Business

Delta Mu Delta Scholastic Honorary

 

B.S., Industrial Management, Auburn University, Auburn, Alabama—1981

 

 

 

 

 

Alabama Natural Gas Association

President, 2005-2006

First Vice President, 2004-2005

Second Vice President, 2003-2004

Treasurer, 2002-2003

Board of Directors, 2001-2006

 

Security and Integrity Foundation

Board of Directors, 2005-Present

 

American Public Gas Association

Gas Supply Committee Chairperson, 2006-Present

Transmission Committee Co-Chairperson, 2000-2001

 

American Gas Association/American Public Gas Association

LCD Pipeline Integrity Subcommittee:

American Public Gas Association Representative, 2000-2001

E-mail: Al Bean

Phone: 334-303-7966