Oilfield Services & Drilling

“We first reached out to 5 for help in forecasting the ramp-up energy usage for a major client and now we look for their expertise on all electricity-related matters, including understanding market dynamics, identifying cost effective strategies, power purchase contract development, and reviewing and negotiating renewable opportunities.”
Greg Lamberson, Vice President of Planning, Frontier Energy Services, LLC

Oilfiled

Energy advice and strategy for oilfield services and drilling

Changes in project schedules, equipment, and operating locations can make energy needs difficult to forecast. Your team needs to understand how those changes affect purchasing commitments, utility costs, and budgets across sites.

5 reviews your usage, contracts, and expected operating needs to recommend purchasing and hedging strategies. We help you manage energy decisions across your meter portfolio as projects and requirements change.

How we help

  • Electricity and natural gas procurement: Evaluate purchasing options based on current usage, expected project needs, and market conditions.

  • Contract structure and hedging: Review pricing structures, volume commitments, and flexibility to account for variable consumption.

  • Meter portfolio management: Coordinate energy planning across locations and meters as operating needs change.

  • Budgeting and forecasting: Use historical consumption, contract terms, and anticipated changes to prepare energy budgets.

  • Utility rates and demand costs: Review charges and assess opportunities to manage costs within operating requirements.

  • Tax exemption review: Help identify potential energy-related tax exemptions and the requirements for pursuing them.

Services depend on your locations, utility arrangements, and operations.

 

Get in touch

Whatever your energy needs, we want to hear from you. If we’re not the right team of experts to help you (which is highly unlikely), we’ll try to connect you to one that is.