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Natural Gas Basis Trader Jobs (NOW HIRING)

ConocoPhillips

Natural Gas Storage Trader

Houston, TX · On-site

Manage and optimize forward basis and time-spread positions associated with the storage asset ... in natural gas trading, storage optimization, basis trading, time-spread trading, or closely ...

Chevron

Natural Gas Trader

Houston, TX · On-site

Traders in Gas Supply and Trading (GSAT) Americas are responsible for generating Natural Gas trading earnings through advanced insights into market fundamentals and analytics while effectively ...

Optimus

Natural Gas Trader, Northeast

Houston, TX · On-site

Our client is seeking a Senior Natural Gas Trader to lead trading activities across the Northeast market, developing and executing strategies that maximize the value of a diverse natural gas ...

TC Energy

NYMEX Natural Gas Trader

Houston, TX · On-site

Your expertise in trading natural gas futures, swaps, and options, as well as analytical skills around fundamentals & quantitative price curve analysis will be essential to developing and maintaining ...

New

Tcenergy

NYMEX Natural Gas Trader

Houston, TX · On-site

Your expertise in trading natural gas futures, swaps, and options, as well as analytical skills around fundamentals & quantitative price curve analysis will be essential to developing and maintaining ...

New

ONEOK, Inc

Trader - Natural Gas (Mid Con)

Tulsa, OK

... basis relationships and market drivers. * Structure and negotiate gas supply, purchase ... Direct experience in natural gas trading, marketing, or commercial activities within Oklahoma and ...

ExxonMobil

Natural Gas Modeling Analyst

Spring, TX · On-site

... and basis market behavior to identify commercial and trading opportunities. * Deliver short ... Evaluate structured natural gas transactions, transportation agreements, storage contracts, and ...

ExxonMobil

Natural Gas Modeling Analyst

Spring, TX · On-site

... and basis market behavior to identify commercial and trading opportunities. * Deliver short ... Evaluate structured natural gas transactions, transportation agreements, storage contracts, and ...

ExxonMobil

Natural Gas Modeling Analyst

Spring, TX · On-site

... and basis market behavior to identify commercial and trading opportunities. * Deliver short ... Evaluate structured natural gas transactions, transportation agreements, storage contracts, and ...

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All JobsNatural Gas Basis Trader Jobs

Natural Gas Basis Trader information

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$99.5K

$115K

$129K

How much do natural gas basis trader jobs pay per year?

As of Aug 10, 2026, the average yearly pay for natural gas basis trader in the United States is $115,000.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,500.00 and $122,500.00 per year, depending on experience, location, and employer.

What does a natural gas basis trader do?

A Natural Gas Basis Trader is responsible for buying and selling natural gas contracts that are priced based on the difference (or 'basis') between regional market prices and a benchmark price, such as the Henry Hub. They analyze market trends, weather patterns, supply and demand dynamics, and transportation constraints to identify trading opportunities and manage risk. Their work helps energy companies, utilities, and financial firms optimize their energy portfolios and hedge against price fluctuations in different geographic markets.

What are some common challenges faced by natural gas basis traders, and how can they be managed?

Natural Gas Basis Traders often encounter challenges such as market volatility, unpredictable weather patterns, and shifting regulatory environments. Managing these requires strong analytical skills, effective risk management strategies, and ongoing communication with both internal teams and external counterparts. Collaboration with research analysts, schedulers, and risk managers is crucial to stay ahead of market movements. Staying informed about infrastructure changes, regional supply-demand shifts, and pipeline constraints also helps mitigate potential risks.

What are the key skills and qualifications needed to thrive as a natural gas basis trader?

To thrive as a Natural Gas Basis Trader, you need strong analytical skills, a deep understanding of energy markets, and typically a degree in finance, economics, or a related field. Proficiency with trading platforms, risk management software, and market data analysis tools is crucial, as are relevant certifications like the Series 7 or 63. Exceptional decision-making, stress management, and communication skills help traders excel in fast-paced and often volatile market environments. These competencies enable traders to make informed, timely decisions that optimize profitability and manage risk effectively in the complex energy sector.

How much do natural gas basis traders make?

Natural gas basis traders typically earn between $70,000 and $150,000 annually, depending on experience, location, and the size of the trading firm. Compensation may also include bonuses and incentives based on trading performance and market knowledge.

How to become a natural gas basis trader?

To become a natural gas basis trader, candidates typically need a bachelor's degree in finance, economics, or a related field, along with strong analytical skills and knowledge of energy markets. Experience in trading, risk management, or commodities markets is valuable, and proficiency with trading platforms and data analysis tools is often required.

What is the difference between Natural Gas Basis Trader vs Natural Gas Trader?

AspectNatural Gas Basis TraderNatural Gas Trader
CredentialsRelevant finance or energy certifications, trading experienceSame as Basis Trader, often with additional market analysis skills
Work EnvironmentTrading floors, energy markets, risk management teamsTrading desks, energy companies, commodity exchanges
Industry UsageFocuses on price differentials between locationsDeals with buying/selling natural gas contracts and commodities

The main difference is that a Natural Gas Basis Trader specializes in managing price spreads between locations, while a Natural Gas Trader handles overall buying and selling of natural gas contracts. Both roles require similar credentials and work in energy trading environments, but their focus areas differ within the natural gas market.

More about Natural Gas Basis Trader jobs
What cities are hiring for Natural Gas Basis Trader jobs? Cities with the most Natural Gas Basis Trader job openings:
What job categories do people searching Natural Gas Basis Trader jobs look for? The top searched job categories for Natural Gas Basis Trader jobs are:
Natural Gas Basis Trader jobs near you
Infographic showing various Natural Gas Basis Trader job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $115,000 per year, or $55.3 per hour.

Natural Gas Storage Trader

ConocoPhillips

Houston, TX • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

ConocoPhillips rating

6.7

Company rating: 6.7 out of 10

Based on 40 frontline employees who took The Breakroom Quiz

58th of 86 rated oil and gas companies

Job description

Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.
Who We Are
We are one of the world's largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.
We're grounded by our SPIRIT Values - safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business - but not at all costs. We believe it's not just what we do - it's how we do it - that sets us apart.
Fostering an Inclusive Work Environment
To deliver superior performance, we create an environment that respects the contributions and differences of every individual. Wherever possible, we use these differences to drive competitive business advantage, personal growth and, ultimately, create business success.
Job Summary
ConocoPhillips is seeking a highly motivated Natural Gas Storage Trader to join its North America Gas and Power business. This position is responsible for managing and optimizing a portfolio of natural gas storage assets across the Lower 48 United States. The successful candidate will combine commercial acumen, market expertise, and disciplined risk management to maximize the value of storage assets while supporting broader trading and marketing objectives.
This role requires deep knowledge of North American natural gas markets, storage and transportation infrastructure, and physical and financial trading strategies. The individual will work closely with commercial, risk, compliance, legal, and operations teams to identify opportunities, execute transactions, and ensure adherence to governance and regulatory requirements.
Position Overview
Your responsibilities may include:
Trading and Risk Management
  • Manage and optimize forward basis and time-spread positions associated with the storage asset portfolio.
  • Develop and execute trading strategies to achieve profit and loss targets while maintaining compliance with applicable risk limits.
  • Monitor market fundamentals, supply and demand trends, storage inventories, transportation constraints, and regional pricing dynamics.
  • Evaluate market opportunities and execute transactions that generate risk-adjusted returns.
  • Apply disciplined risk management practices to ensure compliance with delegated trading authorities and risk policies.

Storage Asset Optimization
  • Maximize value from storage assets through physical and financial optimization strategies.
  • Identify and capture market opportunities in forward and prompt markets.
  • Provide commercial input regarding storage acquisition requirements and optimization opportunities across regional trading teams.
  • Partner with physical trading teams to enhance portfolio performance and operational flexibility.

Stakeholder Engagement
  • Build and maintain productive relationships with customers, counterparties, and market participants.
  • Collaborate with Physical Traders, Risk Management, Compliance, Legal, Settlements, and Operations teams to achieve business objectives.
  • Support franchise growth through customer engagement, market intelligence, and commercial opportunity development.

Governance and Compliance
  • Ensure trading activities comply with internal policies, delegated authorities, and regulatory requirements.
  • Maintain accurate trade capture, documentation, and transaction records.
  • Partner with Risk, Compliance, and Audit teams to support governance processes and controls.
  • Conduct business activities in a manner consistent with ConocoPhillips' values and ethical standards.

Leadership and Collaboration
  • Foster a collaborative, high-performing trading environment.
  • Mentor and support the development of junior traders and commercial professionals.
  • Demonstrate a team-first mindset and provide support during critical business periods, including bid week activities.
  • Prepare and deliver high-quality internal reports, market summaries, and commercial presentations.

Basic/Required Qualifications
  • Legally authorized to work in the United States on a full-time basis.
  • Bachelor's degree or higher in Business, Finance, Economics, Engineering, Mathematics, Science, or a related discipline.
  • 10+ years of experience in natural gas trading, storage optimization, basis trading, time-spread trading, or closely related commercial activities.
  • Working knowledge of North American natural gas markets, infrastructure, and commercial practices.
  • Proficiency with Microsoft Excel, Word, and PowerPoint.
  • Ability to support commercial operations during bid week, weekends, holidays, and outside normal business hours as needed.

Preferred Qualifications
  • Extensive experience optimizing natural gas storage assets in physical and financial markets.
  • Deep understanding of North American natural gas fundamentals, storage economics, and regional market dynamics.
  • Demonstrated success delivering commercial results and achieving profit and loss objectives.
  • Strong understanding of risk management principles, market risk frameworks, and compliance requirements.
  • Knowledge of natural gas contracts, FERC regulations, and relevant industry practices.
  • Proven ability to make sound commercial decisions in a fast-paced and dynamic trading environment.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent communication and relationship-building capabilities with internal and external stakeholders.
  • Experience mentoring, coaching, and developing less experienced traders.
  • Demonstrated ability to collaborate across organizational boundaries and influence results through partnerships.
  • Recognized credibility and professionalism within the natural gas industry.

Apply By:
Aug 10, 2026
Sponsorship:
ConocoPhillips' sponsorship for employment authorization in the U.S. is NOT available for this position.
Benefits Overview
ConocoPhillips offers a competitive and comprehensive benefits package designed to support your well-being and career growth:
  • Taking Care of Your Health & Wellness: Medical, dental, vision, mental health support, and wellness programs.
  • Supporting and Building Financial Security: Competitive base pay, annual performance bonuses, and retirement savings plans.
  • Promoting Work-Life Balance: Paid time off, paid parental leave, and family support resources.
  • Offering Career Development: Access to training, mentoring, and internal career mobility tools.
  • Guiding Recognition & Inclusion: Peer-nominated awards, inclusive culture, and employee resource groups.

Why ConocoPhillips
At ConocoPhillips, we believe our people power the future of energy. We're committed to creating a workplace where employees feel valued, supported, and inspired to grow-professionally and personally.
We don't just offer jobs-we offer meaningful careers in a company that values how we work as much as what we achieve.
EEO:
In the US, ConocoPhillips is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity or expression, genetic information, or any other legally protected status.

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