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Energy Management

Program OverviewProgram DetailsWhy Choose Franklin

Advance your energy career by merging technical skills with business concepts

The energy industry is the third-largest industry in the United States. In fact, the recent resurgence of oil and gas production from shale is expected to propel the United States into the top spot globally for oil and gas production and it is estimated that the country will be nearly self-sufficient within the next two decades. As energy companies compete for qualified employees, you can earn a degree that positions you for advancement.

With Franklin University’s transfer-friendly Energy Management degree-completion program, you’ll build on your technical knowledge and learn how to apply traditional business concepts like accounting, economics, finance, management and marketing that will help you take on supervisory and management roles within the energy industry.

Engineer your business career with an energy management major

Unlike most energy management degree programs that focus primarily on engineering, Franklin University’s Ross College of Business will equip you with a management degree that builds on your technical skills – giving you the best of both worlds. By mastering business concepts like accounting, marketing and finance, and learning how to apply them within the energy industry, you’ll be prepared to drive the development of energy sources, effectively manage costs associated with production and transportation, and analyze oil and gas markets for risks, benefits and opportunities.

Build the skills for success in energy operations and markets

You’ll gain an understanding of the operations used to find, evaluate and deliver resources, as well as the equipment and processes to evaluate promising formations, drill wells, manage production, and transport oil and gas. You’ll also learn to understand energy markets and cost structure for various forms of energy and the role utility companies play in providing energy through various sources.

In order to prepare you for energy careers around the world, the curriculum will expose you to the current and future states of domestic and international energy markets and you’ll have a chance to examine innovation and techniques to improve energy process design and efficiency.

Develop legal and ethical insight to navigate the energy industry

From mineral rights and leasing to environmental issues like fracking and oil spills, you’ll be introduced to current legal and ethical issues faced by energy industry leaders. You will study key legal and contractual subjects that impact energy exploration and land negotiation, including trespass and third-party claims, the Oil and Gas Lease in Canada, and transfers of interests and contacts.

Get hands-on experience by creating a business energy strategy

Your capstone course provides opportunity to apply the knowledge you’ve gained in all your previous coursework. Through the analysis of case studies and interactive activities, you’ll learn how real-world variables impact a strategic plan. You’ll be challenged to think about what the energy industry will look like in the next 5-10 years and work with stakeholders to create a strategic plan that will demonstrate your holistic understanding of the energy environment and its challenges.

Get up to 24 hours of prior-learning credit and earn your degree faster

Since we grant up to 24 hours of prior-learning credit for certifications, licensures, on-the-job training, and previously earned college credits, you’ll get credit for what you already know so you can earn your degree faster and lower your tuition costs. Your existing education or experience, combined with Franklin University’s Energy Management major, can propel you to the management level and more career opportunities. Moreover, convenient, online courses mean you can earn your degree where and when it is convenient for you.

Earn your degree from a university built for busy adults

Earn your degree on your terms by taking classes 100% online or pursue available coursework at one of our Midwest locations. Regionally accredited and nonprofit, Franklin was built from the ground-up to satisfy the needs of adult learners. Our seamless transfer process and team of academic advisors will help ease your transition to becoming a student, while our flexible course schedules help to balance your education with work, family, and life. Get started on your future today!

Gain The Skills Employers Desire

  • Energy Management & Strategy
    • Lead, develop and implement project contracting and exploration strategies
    • Negotiate and administer joint operating and exploration agreements
    • Coordinate and communicate in land negotiations, including geology, engineering and operations
    • Review, recommend and implement practices and procedures affecting land organization
    • Negotiate and formulate proposals for new business ventures, such as new markets or supply sources
  • Legal Procedures, Policy & Ethics
    • Facilitate and coordinate negotiation and acquisition of surface leases, right-of-ways and other agreements in support of field operations
    • Utilize knowledge of laws and policies to support preparation and compliance of permits issued by state and federal agencies
    • Consult with legal counsel to clear titles for drilling and other exploration activities
    • Foster public and community relations that produce understanding and support for energy exploration projects
    • Understand oil and gas lease forms, operating agreements and other contracts common in exploration activities
    • Examine legal documents to determine divisions of ownership
  • Energy Finance & Risk Management
    • Identify potential risks over the course of a project lifecycle and develop mitigation plans accordingly
    • Evaluate rates, premiums and current market conditions to determine impact on energy inventories and performance
    • Understand the energy transacting lifecycle, from inception to settlement
    • Leverage business and financial models and tools in assessing costs, revenues, margins and opportunities for growth
    • Collaborate with various functional areas to ensure that financial objectives are met
    • Formulate and implement effective risk management strategies
  • Energy Markets & Innovation
    • Develop strategies and plans to capitalize on energy industry, product and pricing trends
    • Utilize industry analysis to research energy sector dynamics and assess financial positions
    • Perform market analysis to determine short and long-term trading opportunities in the commodities markets
    • Apply economic tools used for analyzing energy market failures and successes
    • Evaluate how policy structure and policy changes and prospective changes influence the energy sector

Career Opportunities

  • Commodity Trader

    Commodity traders evaluate markets for product pricing, development, and trends to complete buying and selling orders.

    View Salary Trends
  • Power Trader

    Power traders evaluate market conditions and indicators to identify optimum selling and buying prices for energy shares.

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  • Contracts Manager

    Contracts managers analyze business agreements and contracts and work with internal and external shareholders to resolve contractual issues and problems.

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  • Environmental Manager

    Environmental managers implement programs and processes to ensure that business operations comply with environmental laws, requirements, and regulations.

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  • Gas Marketing Representative

    Gas marketing representatives evaluate gas transactions and prepare economic evaluations to identify new business opportunities and feasibility.

    View Salary Trends
  • Field Landman

    Field landmen conduct research and negotiate leases in order to obtain rights to a property for drilling or other activities.

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  • Land Manager

    Land managers utilize an understanding of laws and regulations to negotiate, settle, and resolve land and property ownership issues.

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  • Division Order Manager

    Division order managers analyze title documents and other records to determine land ownership, interests, and royalties.

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Employment Outlook

Source information provided by Economic Modeling Specialists International (EMSI) - April 2015

Our Recipe For Your Success

Academic & Industry Experts

Classes are taught and designed by credentialed professionals with real-world experience.

  • Programs are designed by combining the insight of industry leaders with the academic expertise of our faculty, ensuring what you learn translates into on-the-job success.

  • Academic concepts and theories are brought to life through our teaching faculty’s professional expertise, and can be immediately applied in your career.

  • Faculty with industry experience teach our courses, not graduate students or life-time academics, so you learn not only the theories behind the practice but also how to apply them in real-world situations.

Relevant & Consistent Curriculum

What you learn is a reflection of the program you choose, not the format in which it’s applied.

  • All programs are designed for learning outcomes to flow from the program level into actual coursework.

  • This top-down approach allows credentialed professionals to customize assignments based on trending industry topics without deviating from a program’s core outcomes.

  • Regardless of your professor or the format of your class, you receive the same quality education.

Hands-On Learning Experience

Franklin's coursework teaches not only theories and concepts, but also how they apply to practical situations.


  • Professional course designers ensure that class activities such as learning simulations, case studies, interactive videos, and group exercises are relevant and appropriate.

  • A curriculum development team is dedicated to making sure all courses are intuitively designed so content is taught in a logical manner that facilitates your success in the classroom and beyond.

Continuously Evolving Programs

Consistent program reviews ensure our programs stay at the forefront of industry trends.

  • Survey results and feedback from student and faculty assessments are reviewed regularly so that our programs are always improving and up-to-date.

  • A structured review process helps identify industry gaps that guide curriculum enhancements allowing our academic and industry experts to regularly implement new industry trends.

  • Regular assessment provides hard data that is used to improve student learning and teaching methods.

Get the details

View curriculum, read course descriptions,
and meet program faculty.

View Program Details