MS in Energy Business

MS in Energy Business Program Overview

Training the Future Leaders of Energy

If you want to prosper in the energy business, an online Master of Science in Energy Business from UT Permian Basin will put you on the right path. Our AACSB-accredited College of Business has designed a program specifically for energy industry professionals like you who want to earn a business-oriented master’s degree while developing skills unique to an innovative and dynamic field. In line with current and future demands of the energy industry, our program provides a robust foundation in financial principles through courses focused on energy finance, financial management, financial derivatives, and corporate finance and strategy. Our specialized curriculum illuminates key energy business concepts and empowers you with the analytical skills you’ll need to thrive and compete for management roles within the industry. There are very few online university programs like this offered in the United States!

 

Advantages of Our Online Program

An affordable, comprehensive program spanning all aspects of the energy business, our 30-credit MS in energy business comes right from the heart of the energy industry directly to you. Our program is delivered in an asynchronous, 100% online format that enables you to complete coursework any time of day from just about anywhere in the world. No campus visits are required. If professional and personal responsibilities keep you busy, you’ll find the convenience of our program irreplaceable.

 

Career Benefits of Our Master’s Degree

Equipped with an MS in energy business, you’ll be poised for greater compensation potential and prized leadership positions. According to a U.S. Bureau of Labor Statistics (BLS) report, master’s degree holders earn nearly 20% more than those who hold a bachelor’s degree alone. Further, the BLS states that those who have attained higher levels of education also enjoy higher rates of employment. No matter what your ambitions in the energy industry are, this degree can help you achieve them!

Preparation Courses

3 credit hours required.

Courses
Duration
Credits
BUSI 2342 - Principles of Statistics
8 weeks
3
The course is an introduction to the principles of statistics and their application to problems in business and economics. Topics include the basics of probability theory, descriptive statistics, sampling methods, statistical estimation, hypothesis testing, and the basics of linear regression. Prerequisite(s): MATH 1324
Prerequisites: MATH 1324 - Applications of Discrete Mathematics
Semesters Offered: Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024
Core Courses

6 credit hours required. If ACCT6301 and/or FINA 6320 are waived, student can choose from the remaining courses.

Courses
Duration
Credits
ACCT 6301 - Accounting Analysis
8 weeks
3
A foundation in the fundamentals of financial and managerial accounting information designed for the planning, assessment, and control of business entities. Emphasizes the use of information for decision-making. May not be taken for MPA core or elective credit.
Prerequisites: N/A
Semesters Offered: Summer A 2022 Summer B 2022 Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024 Fall A 2024 Fall B 2024 Spring A 2025 Spring B 2025 Summer A 2025 Summer B 2025 Fall A 2025 Fall B 2025
FINA 6320 - Financial Management
8 weeks
3
Survey of foundational concepts in financial management; in particular, introduction to capital budgeting and financing concepts that include discounted cash flow analysis and its applications to valuation of bonds, stocks, and corporate capital assets. Prerequisite(s): ACCT 6301 or equivalent.
Prerequisites: ACCT 6301 - Accounting Analysis
Semesters Offered: Summer A 2022 Summer B 2022 Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024 Fall A 2024 Fall B 2024 Spring A 2025 Spring B 2025 Summer A 2025 Summer B 2025 Fall A 2025 Fall B 2025
MNGT 6320 - Production & Operations Management
8 weeks
3
The role of the operations management function within the context of an organization, be it public or private, profit or nonprofit, manufacturing or service. The course emphasizes the application of concepts of in process analysis, material management, and quality management. Both quantitative and behavioral perspectives are presented.
Prerequisites: N/A
Semesters Offered: Summer A 2022 Summer B 2022 Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024 Fall A 2024 Fall B 2024 Spring A 2025 Spring B 2025 Summer A 2025 Summer B 2025 Fall A 2025 Fall B 2025
MNGT 6301 - Legal Environment of Business
8 weeks
3
A foundation in the role of law in our system of business and commerce both facilitating and constraining business decision-making. In addition, this course will introduce the operation of legal institutions and the fundamentals of legal reasoning.
Prerequisites: N/A
Semesters Offered: Summer A 2022 Summer B 2022 Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024 Fall A 2024 Fall B 2024 Spring A 2025 Spring B 2025 Summer A 2025 Summer B 2025 Fall A 2025 Fall B 2025
FINA 6325 - Financial Derivatives
8 weeks
3
Introduction to derivative assets including futures, forward contracts, options and their markets, including how these derivatives are created and traded. The course covers how businesses can use these contracts to hedge corporate and investment portfolio risk. Students are introduced to the principles of valuation and pricing for these securities and the mathematical models that apply. Prerequisite(s): FINA 6320
Prerequisites: FINA 6320 - Financial Management
Semesters Offered: Spring B 2023 Spring B 2024
Courses Beyond Core

6 credit hours required.

Courses
Duration
Credits
BUSI 6302 - Business Analytics
8 weeks
3
This course introduces the practical and advanced data analytics for all business majors. The course covers topics of script programming, data/statistical analysis, and data visualization. Students will practice data analytic methods and use related software to solve real-world business questions.
Prerequisites: N/A
Semesters Offered: Summer A 2022 Fall A 2022 Spring A 2023 Summer A 2023 Fall A 2023 Spring A 2024 Summer A 2024 Fall A 2024 Spring A 2025 Summer A 2025 Fall A 2025
FINA 6321 - Corporate Finance & Strategy
8 weeks
3
Intermediate-level course covering modern corporate finance concepts. Course topics include advance capital budgeting and financing techniques as well as financial risk management and various asset valuation techniques including concepts related to Mergers and Acquisitions. Prerequisite(s): FINA 6320 or the equivalent
Prerequisites: FINA 6320 - Financial Management
Semesters Offered: Summer A 2022 Summer B 2022 Fall A 2022 Fall B 2022 Spring A 2023 Spring B 2023 Summer A 2023 Summer B 2023 Fall A 2023 Fall B 2023 Spring A 2024 Spring B 2024 Summer A 2024 Summer B 2024 Fall A 2024 Fall B 2024 Spring A 2025 Spring B 2025 Summer A 2025 Summer B 2025 Fall A 2025 Fall B 2025
Energy Business Courses

18 credit hours required.

Courses
Duration
Credits
ACCT 6310 - Energy Accounting
16 weeks
3
The course will cover advanced topics in energy accounting. Topics include: joint interest audits, contractor audits, asset valuations, direct charges, carried interests, farmouts/farm-ins, transportation and refining, gas balancing, sub chapter K elections, tax credits, reclamation costs. Prerequisite(s): ACCT 6301 or equivalent.
Prerequisites: ACCT 6301 - Accounting Analysis
Semesters Offered: Whole Fall 2022
BUSI 6309 - Global Energy Business
8 weeks
3
This course aims to provide an introduction to the business of primary energy production. We will learn about the nature of demand and supply in the context of global energy markets, and business decisions for involvement in these markets. Students will be able to recognize the unique challenges facing the relevant companies. The course attempts to offer a broad perspective of these challenges for both businesses and policy makers in such dynamic and integrated global energy markets.
Prerequisites: N/A
Semesters Offered: Spring B 2023 Spring B 2024
FINA 6331 - Energy Finance
8 weeks
3
This course introduces students to the principal concepts and application in energy finance. Topics include: fundamentals of petroleum and value chain, oil and gas financial statement analysis, financing energy companies and projects, O&G database application, and energy risk management using derivative instruments. Students will complete an energy project incorporating major components of the course to tackle real-world problems. Prerequisite(s): FINA 6320 or equivalent.
Prerequisites: FINA 6320 - Financial Management
Semesters Offered: Summer A 2022 Summer A 2023
FINA 6335 - Energy Investments and Risk Management
8 weeks
3
This course is designed as an introduction to the Energy Commodity, Equity, Bond, and Derivatives markets. Students will learn the unique nature of energy-related assets as hedging and speculative tools while understanding the volatility and dependence interactions between energy commodities and other conventional markets.
Prerequisites: FINA 6320 - Financial Management
Semesters Offered: Summer B 2022 Summer B 2023
MNGT 6305 - Energy Technology & Risk Management
8 weeks
3
This course will focus on the role of technology in the operation of an energy firm and expand the concept of risk management to an Enterprise Risk Management (ERM) focus. Students will learn the risks associated with technological and the use of patents, trademarks, and trade secrets to protect technological advantage and the development of a risk profile for a firm from an ERM perspective.
Prerequisites: N/A
Semesters Offered: Fall A 2022 Fall A 2023
MNGT 6324 - Energy Law
8 weeks
3
A study of energy law, including primarily the oil and gas industry, with a general overview of alternative energy sources. Prerequisite(s): Graduate Standing
Prerequisites: N/A
Semesters Offered: Summer B 2022 Spring A 2023 Summer A 2023 Spring A 2024

Admission Requirements

Regular Admission Requirements

  • Bachelor’s degree from an accredited college or university
  • GPA of 3.00 or better in the last 60 credit hours

Conditional Admission

  • Official transcripts certifying a bachelor’s degree awarded by an accredited college or university
  • GPA between 2.99 and 2.5 in the last 60 credit hours of coursework leading to the baccalaureate degree
  • 2 letters of recommendation or professional email references
  • Allowed to take up to 12 credit hours as advised and must earn a B or better
    • If student earns below a B, GMAT is required for readmission
  • No elective course may be taken by a student in conditional status

Conditional Admission With Dean’s Approval

  • Official transcripts certifying a bachelor’s degree awarded by an accredited college or university
  • GPA between 2.49 and 2.25 in the last 60 credit hours of coursework leading to the baccalaureate degree
  • GMAT with minimum score of 500 (based on GPA)
  • Essay expressing interest may be requested
  • 2 letters of recommendation or professional email references
  • Allowed to take up to 12 credit hours and must earn a B or better
  • No elective course may be taken by a student in conditional status

Students granted conditional status will be changed to regular status upon successful completion of a minimum of 12 semester credit hours of MS in energy business coursework with a grade of B or better in each course taken.

Official Transcripts

Copies of official transcripts must come directly from the school in a sealed envelope and can be mailed to: 

UT Permian Basin
Office of Admissions
4901 E. University Blvd.
Odessa, TX 79762

Official transcripts in electronic format can be sent to admissions@utpb.edu.

Supporting Documents

All supporting documents related to a graduate program, such as letters of recommendation, essays, statements of interest, resumes, professional work experience, and awards should be sent to the Graduate Studies Office:

UT Permian Basin
Graduate Studies
4901 E. University Blvd.
Odessa, TX 79762-0001

Electronic versions of supporting documents may be emailed to gradstudies@utpb.edu. 

Application Fee

The application fee is $40.

 

Chair of the Accounting, Finance, and Economics Department
Associate Professor of Finance
PhD, The University of Texas at Arlington
MS, Texas Tech University
gormus_a@utpb.edu

Alper Gormus, PhD, is the chair of the accounting, finance, and economics department and an associate professor in finance. He is also a Jack D. Ladd Fellow and the coordinator of energy and finance programs. He has an MS in economics from Texas Tech University and a PhD in finance from The University of Texas at Arlington. Prior to his start at UTPB, he worked as faculty, teaching classes at The University of Texas at Arlington, Texas A&M University, and Texas Tech University. On the corporate side, Dr. Gormus has worked for several high-profile companies in various roles related to investments and financial analytics. His research interests include energy investments and international markets. His work has been published in several global academic journals including Energy Economics, Emerging Markets Finance and Trade, Economic Letters, and Global Finance Journal. Dr. Gormus teaches Energy Investments, Investments, and Corporate Finance.

“I strongly believe student success must be the driving factor for all we do in academia. In terms of how I contribute, combining my industry experience with academics has always served me well in the classroom. While I have worked in numerous projects across many areas in finance and economics, a large portion of my research has been in energy investments. I was fortunate enough to publish my research in some of the top academic journals in the field and I try to bring that expertise into the classroom.”

Senior Lecturer
LLM, George Mason University
PhD, The University of Texas at Dallas
MS, The University of Texas at Dallas
JD, Oklahoma City University
macdonald_s@utpb.edu

Stuart MacDonald, PhD, JD, LLM, is a senior lecturer of management within the College of Business at The University of Texas Permian Basin. He graduated in 2000 with a PhD in political economy from The University of Texas at Dallas and joined UTPB in the fall of 2019. Prior to his start at UTPB, he worked at a law firm, served as chair for the Department of Economics, Finance, General Business and International Trade, and served as faculty at Midwestern State University and the University of Central Oklahoma. His research interests include the oil and gas industry, ethical behavior, and game theory, and his work has been published in Oil and Gas Quarterly, the Journal of Education and Business Leadership, and the Southwest Journal of Business and Economics. Dr. MacDonald will be teaching the following courses within the management undergraduate program: Energy Law and Environmental Law & Regulation in the Energy Industry.

“Many spectacular business failures such as Enron can be traced to leadership that was smart enough to manipulate the law but not wise enough to know when they shouldn’t. Guided by that, I endeavor to show my students that the law, more than a constraint, is actually a tool that can be used to gain and maintain a competitive advantage, as long as they have the wisdom to know how far is too far.”

Associate Dean
Associate Professor of Accounting
UT Permian Basin College of Business
counts_r@utpb.edu

Roy Wayne Counts, PhD, is an associate professor of accountancy and associate dean within the College of Business at The University of Texas Permian Basin. Graduating from Texas Tech University with his PhD in 2005, he joined UTPB from 2004-2010 and rejoined in Spring 2015. Prior to this, Dr. Counts served as faculty and taught at Oklahoma City University and Youngstown State University between 2010 and 2015. His research interests focus around income wages, social security, and factors affecting finance. His work has been published in the Journal of the Academy of Business and Economics, International Journal of Business Research, and the Journal of Corporate Accounting and Finance. Dr. Counts currently teaches the following courses within the accounting undergraduate program and the MPA program: Intermediate Accounting I, Federal Income Tax, and Energy Accounting.  

“My interest in financial planning is what inspired me to specialize in tax accounting. Helping students to see how they can provide value-added services to clients is very rewarding. My passion is helping students get prepared for taking and passing the CPA exam.”

Senior Lecturer
BS, McNeese State University
JD, South Texas College of Law Houston
harrell_k@utpb.edu

Katharine Cruse Harrell is pleased to apply her professional knowledge and experience in the oil and gas industry as a faculty member of The University of Texas Permian Basin’s College of Business, where she is a senior lecturer teaching both business law and energy land management. She earned her BS in accounting from McNeese State University in Lake Charles, Louisiana in 2004 and went on to attend law school at South Texas College of Law in Houston, Texas. After law school, Ms. Harrell entered the oil and gas industry in Houston as both a landman and a title examination attorney performing title opinions for clients in the Haynesville Shale and the Permian Basin. In 2012, Ms. Harrell followed the industry to West Texas, where she now calls the Permian Basin home. Ms. Harrell has been a member of the Texas Bar since 2007 and is a member of both the American Association of Professional Landmen and the Permian Basin Landmen’s Association.  

Assistant Professor of Marketing
PhD, University of Arkansas
MA, Beijing University of Posts and Telecommunications MA, Inner Mongolia Normal University
zhang_j@utpb.edu

Jingbo Zhang, PhD, is an assistant professor of marketing at The University of Texas Permian Basin. She started in the role of adjunct at the College of Business in 2020 after being an instructor of marketing at the University of Arkansas. She has published research in the Journal of Beijing University of Posts and Telecommunication and she has presented articles at the Society for Marketing Advances Conferences and the Annual International Society of Franchising Conference in Vienna, Austria. Dr. Zhang has attended the Annual International Society of Franchising Conference, the Annual Southeast Marketing Symposium, the Annual Mittelstaedt Doctoral Symposium, and the Society for Marketing Advances. Her professional memberships include the American Marketing Association and the Society for Marketing Advances. She is an editor for SAGE Open Publications.  

“My enthusiasm is to create a great geographical market coverage indicator to guide retailing stores to locate/relocate a store and provide practical strategies about how to improve the market performance of an individual store. Sharing my research ideas and experiences with my students to help them prepare for future careers always makes me excited!”

We’re pleased to offer program admission on a rolling basis.

Rolling admission refers to our process of accepting and evaluating applications as we receive them and moving any applications that miss the deadline to the next semester. However, if you want to enroll in courses for a specific semester, you will need to make note of the application deadlines found below. If you don’t complete your application and submit the required materials by the deadline, your application will be rolled over to the next semester. 

SemesterCourses BeginCourses EndApplication DeadlineDocument DeadlineRegistration OpensRegistration DeadlineTuition & Fees DeadlineLast Day to Withdraw
Whole Summer5/31/228/4/225/17/225/24/224/1/225/11/225/6/226/10/22
Summer A5/9/226/24/224/25/225/2/224/1/225/11/225/6/226/10/22
Summer B6/27/228/11/226/13/226/20/224/1/226/29/226/24/227/29/22
LengthCourses BeginCourses EndApplication DeadlineDocument DeadlineRegistration OpensRegistration DeadlinePayment DeadlineLast Day to Withdraw
Whole Fall8/29/2212/16/228/15/228/22/224/1/229/7/22 8/26/22 11/4/22
Fall A8/29/2210/21/22 8/15/22 8/22/224/1/228/31/228/26/229/30/22
Fall B10/24/22 12/16/22 10/10/2210/17/224/1/2210/26/2210/21/2211/23/22
LengthCourses BeginCourses EndApplication DeadlineDocument DeadlineRegistration OpensRegistration DeadlinePayment DeadlineLast Day to Withdraw
Whole Spring1/9/235/5/2312/26/221/2/2311/1/221/18/231/6/233/24/23
Spring A1/9/233/3/23 12/26/221/2/2311/1/221/11/231/6/232/9/23
Spring B3/13/23 5/5/232/27/233/6/2311/1/223/15/233/10/234/14/23
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