Jennifer Vaughn
Houston,TX
Summary
Gas Trading professional with a proven track record at ConocoPhillips, adept in West Financial Basis Trading and Risk Management. Excelled in creating innovative trading strategies and fostering team collaboration, significantly enhancing trading efficiency and decision-making processes. Skilled in fundamental analysis and futures trading, consistently achieving strategic goals.
Overview
32
32
years of professional experience
Work History
West Financial Basis Trader, Natural Gas
ConocoPhillips Company
04.2020 - Current
- Financial trading expert within a team of physical traders and originators responsible for the Rockies and California regions
- Enable physical trading desk success by providing term financial markets for strategic counterparties
- Manage all financial risks inherited within the west portfolio
- Engage in speculative trading to meet individual financial commitments
- Provide back-up cash trading support to maintain an understanding of latest regional supply and demand fundamentals.
- Assist risk team in ensuring marks reflect the most accurate mark to market for west positions
- Mentor financial basis trader responsible for Permian region (position held for 3 years).
Gulf Coast Basis Trader, Natural Gas
ConocoPhillips Company
08.2008 - 03.2020
- Responsible for trading and managing basis exposure created from customer deals, storage and transport capacity.
- Monitor and manage VaR limits.
- Coordinate with physical traders and originators to ensure a smooth transition during bidweek.
Financial Basis Trader
BP North America
10.2002 - 04.2008
- Responsible for trading a discretionary financial basis book for the Gulf team and managing BP's gulf coast production, which included trading physical basis during bid week.
- Managed and traded the Northeast basis book for one year.
- Traded financial basis in the Texas region for the first 3 year and was responsible for coordinating with physical traders, storage director and asset manager to properly manage and hedge 19 BCF of storage and 1 BCF/day of transport.
Director, Gas Trading
UBS Warburg Energy
04.2002 - 09.2002
- Created financial structures and recommended hedging strategies that fit individual companies' risk profile.
- Gave presentations to customers on risk management structures and market fundamentals on natural gas and crude oil.
- Coordinated legal and credit requirements (ISDA's and credit terms) for transactions.
Manager, Derivative Marketing
Enron North America
06.1999 - 02.2002
- Marketed customized energy derivative programs to industrial companies and producers.
- Created financial structures for many types of energy commodities such as natural gas, crude oil, refined products, and natural gas liquids.
Mid-Continent Basis Trader, Natural Gas
Dynegy Marketing & Trading
03.1998 - 04.1999
- Responsible for managing and trading the mid-continent natural gas basis portfolio.
- Provided updates on basis market conditions to physical traders as well as marketers in satellite offices, including Calgary, Ontario, Chicago and Tulsa.
- Coordinated with physical traders and Transportation/Storage director to properly hedge and structure profitable and creative deals.
Options & Research Analyst, Natural Gas Liquids
Mapco Supply & Trading LLC.
08.1997 - 02.1998
- Developed and implemented options trading and hedging strategies to support MAPCO's NGL trading and risk management groups' position.
- Assisted with the development of educational material on options and price caps for management and marketing groups.
- Provided independent research and analysis for MAPCO NGL and other corporate units, as needed, and on prices and inventory stock levels.
Coordinator, Risk Management Services
EOTT Energy Operating LTD. Partnership
09.1995 - 08.1997
- Marketed customized derivative programs to small crude oil producers and heating oil distributors who do not have the resources to do their own hedging.
- Responsible for executing OTC options trades with dealers in order to lock in profit margin.
West Basis Trader, Natural Gas
ConocoPhillips Company
03.1993 - 09.1995
- Manage basis exposure.
- Traded west physical markets to get an understanding of flow of gas.
Credit/Financial Analyst
MG Refining & Marketing, INC.
06.1992 - 03.1993
- Handled daily MTM margins and financial reporting for swaps and options trading.
Education
Bachelor of Science - Finance - Cum Laude
Virginia Tech
Blacksburg, VASkills
- Futures Trading
- West Financial Basis Trading
- Trading strategies
- Fundamental Analysis
- Decision-Making
- Risk Management
- Team Collaboration
Timeline
West Financial Basis Trader, Natural Gas
ConocoPhillips Company
04.2020 - Current
Gulf Coast Basis Trader, Natural Gas
ConocoPhillips Company
08.2008 - 03.2020
Financial Basis Trader
BP North America
10.2002 - 04.2008
Director, Gas Trading
UBS Warburg Energy
04.2002 - 09.2002
Manager, Derivative Marketing
Enron North America
06.1999 - 02.2002
Mid-Continent Basis Trader, Natural Gas
Dynegy Marketing & Trading
03.1998 - 04.1999
Options & Research Analyst, Natural Gas Liquids
Mapco Supply & Trading LLC.
08.1997 - 02.1998
Coordinator, Risk Management Services
EOTT Energy Operating LTD. Partnership
09.1995 - 08.1997
West Basis Trader, Natural Gas
ConocoPhillips Company
03.1993 - 09.1995
Credit/Financial Analyst
MG Refining & Marketing, INC.
06.1992 - 03.1993
Bachelor of Science - Finance - Cum Laude
Virginia Tech