Steel Reef is a Canadian company that gathers and redistributes potentially wasted gas to deliver the energy that powers our lives.
From our Saskatchewan roots, we have grown into a dominant player in flare gas capture, contributing to the energy transition through coal-to-gas switching to power homes, communities and industries dedicated to reducing emissions and powering potential.
Since our inception in 2012, Steel Reef has supported the energy community in capturing wasted energy, processing and distributing associated natural gas and other products, and bringing in net new energy production and distribution for homes, communities and businesses.
Focusing our efforts within the Western Canadian Sedimentary Basin and Bakken Resource Play, Steel Reef has become a market leader in developing the emissions-to-energy practice to supply net new energy from flare gas, a previously unavailable source.
In 2024, Steel Reef entered into multiple long-term Power Purchase Agreements with SaskPower. Following construction of additional utility-grade electricity substations and generation turbines powered by recovered flare gas, Steel Reef will provide more than 100 megawatts (MW) of electricity within Saskatchewan and North Dakota, which could power more than 100,000 homes annually.
About the role
Steel Reef is seeking a Senior Marketer to join its Commercial team in Calgary. Reporting to the Manager, Liquids Marketing, this position will be responsible for developing and executing commercial strategies across Steel Reef’s NGL portfolio, including propane, butane and NGL supply for fractionation. The successful candidate will combine strong physical commodity-market knowledge, commercial judgement, risk management and relationship-building skills to grow margins, optimize market access and support Steel Reef’s broader growth strategy.
Key Responsibilities:
- Develop and execute commercial strategies for the physical purchase and sale of NGLs across Steel Reef’s Southeast Saskatchewan and North Dakota portfolio.
- Negotiate and manage spot and term purchase, sale, transportation, storage and other commercial agreements to improve margins, netbacks, market access and portfolio value.
- Originate, evaluate, negotiate and execute NGL supply, sales, transportation, storage and market access opportunities, leveraging regional pricing differentials, location, timing, quality, seasonality, transportation constraints and market structure to capture arbitrage and maximize portfolio value.
- Evaluate seasonal spreads, contango/backwardation, carrying costs, terminal fees, transportation and hedge economics when determining injection and withdrawal strategies.
- Develop commercial recommendations using market fundamentals, pricing indices, transportation economics, quality differentials and scenario analysis.
- Quantify and communicate commodity price, basis, index, volume, quality and logistics exposure, including appropriate risk mitigation or hedging recommendations.
- Build and maintain strong commercial relationships with participants across the NGL value chain, including producers, customers, transporters, midstream companies, infrastructure operators and other market participants.
- Maintain clear and timely visibility into physical positions, contractual commitments, transportation obligations and forecast volumes.
- Coordinate physical marketing decisions with appropriate hedging and risk-management strategies where applicable.
- Work closely with Operations on product quality, specifications, inventory levels, outages, maintenance activity and operational constraints.
- Coordinate with NGL Scheduling to optimize truck, rail, pipeline, storage and other transportation commitments across the portfolio.
- Partner with Production and Financial Accounting to support accurate volume reporting, invoicing, settlements, accruals and commercial financial reporting.
Experience and Education:
- Relevant post-secondary education in business, economics, finance, engineering, accounting, or a related discipline.
- Approximately 8 to 12 years of progressively responsible experience in physical commodity marketing, trading, origination, logistics, midstream commercial development or a related field.
- Demonstrated experience in physical NGL, crude oil, natural gas or other energy commodity markets.
- Comprehensive understanding of physical commodity markets, pricing structures, indices, basis relationships, transportation economics, product quality and commercial contracts.
- Demonstrated quantitative and commercial analytical skills, including the ability to develop and clearly communicate well-reasoned recommendations.
- Effective negotiation, relationship-management and written and verbal communication skills.
- Ability to make sound decisions independently while operating within established commercial authorities and risk controls.
- Demonstrated ability to coordinate effectively across commercial, operational, financial, legal and contract-administration functions.
- Advanced Excel skills and experience with commercial analysis, position and exposure reporting, pricing, forecasting, and market-data analysis.
Preferred
- Knowledge of WCSB and Williston Basin commodity markets, infrastructure, logistics and counterparties.
- Experience evaluating truck, rail, pipeline, terminal, storage and fractionation economics.
- Experience with physical position management, commodity risk management, hedging and exposure reporting.
- Experience in a combined commercial and operational environment at a producer, midstream company, marketer, refiner, fractionator or infrastructure operator.
Why Join Our Team:
- Competitive compensation and bonus programs
- Competitive benefits package, including a Flex Spending Account and Savings Plan matching
- Monthly phone allowance
- 8 hours of annual paid Volunteer time to support the communities in which we operate
- Team building activities
- Employee recognition programs, including long-service and values-based awards
- Opportunity to take meaningful commercial ownership within a growing NGL portfolio and contribute directly to Steel Reef’s market development and infrastructure growth.
Our Steel Reef team has returned to the office, however, to provide our employees with flexibility, we have implemented a trial hybrid work model where employees have the option to work from home four (4) days per month. Working closely together and supporting each other are fundamental aspects of our culture and how we work. Connecting in a common workspace is key to helping us reinvigorate our corporate culture and enable more effective communication and collaboration.
All positions require background screening.
This posting will close once a suitable candidate has been found.
Steel Reef thanks all candidates for their interest, however, only those selected for an interview will be contacted.
