Energy

The energy industry continues to face obstacles, including technical, financial, environmental, geopolitical and regulatory. Not only are these changes challenging, they’re redefining the industry globally. Within this dynamic business sector, opportunities exist for well-positioned companies to face and even take advantage of the constant instability.

Stinnett is a leading business partner and advisor in each segment of the energy sector: upstream, midstream and downstream. As an independent consulting group, we are uniquely positioned to objectively advise management on potential process and control improvements. Our significant industry experience also allows us to draw from a deep understanding of critical processes to provide practical recommendations.  

While internal controls play a critical role in protecting assets and resources as well as processing and reporting of financial information, our advisory services go beyond internal controls. We focus on assessing enterprise risk: analyzing organizational structure, processes, facilities and systems, as well as evaluating performance. Taking a more holistic approach that encompasses internal controls, risk management and performance, organizations can create an environment of compliance, transparency, effectiveness and efficiency.

Examples of process and control assessment services provided for energy clients include:

Upstream

• Land acquisition and management
• Lease Records Management
• Division of Interest Management
• Joint Interest Billing management
• Inventory and COPAS Compliance
• Reserves
• Vendor Management
• AFE Management
• Production Accounting
• Revenue Processing
• Measurement and Quality Management
• Pipeline Integrity Management
• Preventative Maintenance Management
• Spill Prevention, Control and Countermeasure (SPCC) Compliance
• Gathering and Processing Contract Compliance
• Fleet Management
• Cost Recovery Projects: Accounts Payable, Construction Projects, Joint Venture
• Sales and Use Tax Recovery
• Commodity Trading and Hedging Review
• SCADA System Security Audits
• Measurement design, policies & procedures compliance with API standards
• Environmental, Health & Safety
• FERC Standards of Conduct IT Compliance Review
• Business Integration and Post implementation support
• Water Hauling and Condensate management

Midstream

• Gas plant reviews
• Crude and refined products terminal operation and storage management reviews
• SCADA System Security Audits
• Commodity Risk Management
• AFE Management
• Measurement and Quality Management
• Pipeline Integrity Management
• Preventative Maintenance Management
• Fleet Management
• Vendor Management
• Sales and Use Tax Recovery
• Environmental, Health & Safety
• FERC Standards of Conduct IT Compliance Review
• Cost Recovery Projects: Accounts Payable, Construction Projects, Joint Venture
• Business Integration and Post implementation support
• Measurement design, policies & procedures compliance with API standards
• Spill Prevention, Control and Countermeasure (SPCC) Compliance
• Water Hauling and Condensate management

Downstream

• Commodity Risk Management
• Wholesale inventory supply
• SCADA System Security Audits
• Fleet management
• AFE Management
• Measurement and Quality Management
• Preventative Maintenance Management
• Environmental, Health & Safety
• Cost Recovery Projects: Accounts Payable, Construction Projects, Joint Venture
• Business Integration and Post implementation support