Turner, Mason & Company: Comprehensive Company Profile

Background

Overview

Turner, Mason & Company (TM&C) is a consulting firm specializing in the crude oil, refining, midstream, and biofuels industries. Established in 1971, the company offers a broad range of technical, commercial, and strategic consulting services, including market analysis, industry studies, mergers and acquisitions support, transaction due diligence, crude and feedstock valuation, economic and feasibility analyses, asset value analyses, fuels regulatory support, and litigation support.

Mission and Vision

TM&C's mission is to provide trusted advice and solutions to the global energy industry through rigorous independent analysis, critical judgment, and a thorough understanding of market fundamentals and drivers. Their vision is to be a leading provider of consulting services in the energy sector, delivering high-quality, independent analyses that add value to their clients' businesses.

Industry Significance

With over four decades of experience, TM&C has established itself as a reputable advisor in the energy sector, assisting clients in navigating complex market dynamics and regulatory environments. Their expertise spans various facets of the petroleum industry, making them a valuable resource for companies seeking strategic guidance and market insights.

Key Strategic Focus

Core Objectives

TM&C aims to deliver comprehensive consulting services that address the technical, commercial, and strategic needs of clients in the energy sector. Their focus includes providing independent analyses, supporting strategic planning, and assisting in mergers and acquisitions.

Areas of Specialization

• Market Analysis: Assessing market trends, supply and demand dynamics, and pricing strategies.

• Industry Studies: Conducting in-depth research on various segments of the petroleum industry.

• Mergers and Acquisitions Support: Offering due diligence, valuation, and strategic advice during M&A transactions.

• Regulatory Support: Providing guidance on compliance with federal and state fuel regulations.

Key Technologies Utilized

TM&C employs advanced analytical tools and methodologies, including economic modeling, market forecasting, and regulatory compliance analysis, to deliver accurate and actionable insights to their clients.

Primary Markets Targeted

The company serves a diverse clientele, including integrated oil companies, independent refiners, crude producers, midstream companies, biofuel producers, national oil companies, engineering and technology firms, financial institutions, private equity and venture capital firms, government agencies, and industry service providers.

Financials and Funding

As a privately held firm, TM&C does not publicly disclose detailed financial information or funding history. The company operates with a lean staff, focusing on delivering high-quality consulting services to its clients.

Pipeline Development

TM&C's consulting services encompass various stages of project development, from initial market analysis and feasibility studies to transaction support and post-acquisition integration. Their expertise aids clients in evaluating and executing projects across the crude oil, refining, midstream, and biofuels sectors.

Technological Platform and Innovation

Proprietary Technologies

TM&C utilizes proprietary economic models and forecasting tools to analyze market trends and inform strategic decisions. These tools are integral to their consulting services, providing clients with data-driven insights.

Significant Scientific Methods

• Economic Modeling: Assessing the financial viability of projects and market scenarios.

• Market Forecasting: Predicting future market conditions and pricing trends.

• Regulatory Compliance Analysis: Evaluating adherence to fuel regulations and standards.

Leadership Team

TM&C's leadership comprises seasoned professionals with extensive experience in the energy sector:

• Michael W. Leger, P.E. (Chairman): With over 40 years in the petroleum industry, including roles at Texaco and CITGO, Mike has been with TM&C since 1984 and served as President and CEO for 18 years before becoming Chairman in 2025.

• Samuel H. Davis (President): Joining TM&C in 2018, Sam oversees daily operations and strategic initiatives. He has 25 years of experience in oil markets, refining, and petrochemicals, with previous roles at Sunoco and Wood Mackenzie.

• Cinda Lohmann, P.E. (Executive Vice President, Fuels Regulatory Practice): With over 20 years in the energy industry, Cinda leads the Fuels Regulatory Practice, specializing in state and federal fuel compliance and laboratory quality assurance.

• Dr. Harold "Skip" York (Chief Energy Strategist): A global energy professional with experience at Exxon, Reliant Energy, and BHP, Skip provides strategic thought leadership and has held senior positions in consulting firms like McKinsey & Company and Wood Mackenzie.

• Tom Kloza (Chief Market Analyst): With nearly 50 years in oil markets, Tom offers ongoing commentary on market developments and is known for his insights into pricing and supply, particularly in refined products and natural gas liquids.

Competitor Profile

Market Insights and Dynamics

The energy consulting industry is characterized by a diverse range of firms offering specialized services in market analysis, regulatory compliance, and strategic planning. Companies like Wood Mackenzie, Argus Media, and Stancil & Co. operate in similar domains, providing competitive analyses and market forecasts.

Competitor Analysis

• Wood Mackenzie: A global research and consultancy firm specializing in energy, chemicals, renewables, and metals.

• Argus Media: Provides price assessments, news, and market analysis for the global energy and commodities markets.

• Stancil & Co.: Offers consulting services in energy economics, market analysis, and strategic planning.

Strategic Collaborations and Partnerships

TM&C collaborates with various industry associations and organizations to enhance its service offerings and stay abreast of industry developments. For instance, they have partnered with the U.S. Grains Council on ethanol cost-benefit analysis studies, indicating opportunities to expand into renewable fuels and alternative energy markets.

Operational Insights

TM&C's focus on delivering high-quality, independent analyses positions it as a trusted advisor in the energy sector. Their expertise in market analysis, regulatory compliance, and strategic planning differentiates them from competitors, allowing them to offer tailored solutions to clients' complex challenges.

Strategic Opportunities and Future Directions

TM&C is well-positioned to leverage its expertise in market analysis and regulatory compliance to support clients in navigating the evolving energy landscape. Opportunities for expansion include deepening involvement in renewable energy sectors, enhancing digital capabilities, and broadening geographic reach to serve a more diverse client base.