Upstream & Exploration

“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

Exploration

Energy advice and strategy for upstream and exploration operators

Managing electricity across wellsites means tracking multiple meters, utility accounts, and operating requirements. Changes in production, pumping equipment, and field development can affect consumption and make future energy needs harder to forecast.

5 reviews usage, contracts, and operating plans across your portfolio to recommend purchasing and hedging strategies. We help you understand utility costs, evaluate contract flexibility, and plan energy needs for new wells and field expansion.

How we help

  • Energy procurement: Evaluate purchasing options across wellsite portfolios, accounting for usage, existing agreements, and utility service territories.

  • Contract structure and hedging: Review volume commitments, pricing options, and flexibility based on expected consumption and potential operating changes.

  • Meter portfolio management: Coordinate energy planning across large numbers of meters and locations.

  • Utility rates and demand costs: Review charges and rate classifications and assess cost-management opportunities within operating requirements.

  • New load and expansion planning: Forecast additional energy needs and coordinate with utilities, suppliers, and project teams.

  • 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.