LDV Oil and Gas Consultants

LDV Oil and Gas Consultants sells crude oil and natural gas on behalf of independent producers. It began operating in 2010. The firm acts strictly as an agent and never takes ownership of a client's production, so the producer keeps its existing relationship with the buyer.

Services

• Product marketing: a tailored plan for each producer, run as an outsourced marketing team.
• Bid management: preparing oil leases, then soliciting, preparing and sending out bid packages.
• Cost and market analysis: reviewing production and delivery costs and conditions at the wellhead and downstream.
• Logistics support: oversight of transport as product moves down the supply chain.
• Strategy consulting: hedging, acquisitions and divestitures, non-operated asset strategy and capital planning for new ventures, on an ad hoc basis.

Who it serves

Independent oil and gas operators. The firm pools the volumes of more than 140 of them to negotiate from a stronger position.

Key facts

• Founded: 2010
• Model: agency basis only, no purchase of production
• Leadership: founding partner and CEO Lee D. Vendig II, who has a legal background