Managing purchased energy across oil and gas operations means accounting for different equipment, production schedules, and utility arrangements. Changes in activity can affect consumption and purchasing commitments, while new sites and expansions require planning for additional power.
5 reviews your usage, contracts, and operating plans to recommend procurement and hedging strategies. We help coordinate energy decisions across your meter portfolio, investigate utility costs, and plan service for new or expanding facilities.
Electricity and natural gas procurement: Evaluate purchasing timing, supplier options, and contract structures across your operating locations.
Hedging and price risk: Review expected consumption, purchasing commitments, and market exposure to recommend strategies that reflect your risk tolerance.
Meter portfolio management: Coordinate energy planning across large numbers of meters, accounting for differences in usage and anticipated operating changes.
Utility rates and demand costs: Review rate classifications and charges and assess cost-management opportunities within facility requirements.
Tax exemption review: Help identify potential energy-related tax exemptions and the requirements for pursuing them.
Construction and expansion support: Forecast additional energy needs and coordinate with utilities, suppliers, and project teams to plan service.
Sustainability: Support ESG strategy development, implementation, and communications, including evaluation of energy purchasing and project options.
