Turner Mason & Company

What Turner Mason & Company does

Turner, Mason & Company is a privately held energy consulting and advisory firm headquartered in Dallas, Texas, with additional offices in Houston, Calgary, and Mexico City. The firm serves clients across the global energy value chain — upstream producers, integrated oil companies, downstream refiners, midstream operators, biofuels producers, and natural gas/LNG companies — and also extends services to financial investors (PE/VC, investment banks), law firms, government agencies, national oil companies, and industry trade associations. Its stated focus areas are crude oil, refining, midstream, refined products, and biofuels.

The company's core offerings divide into two interlocking streams: (1) technical, commercial, and strategic consulting engagements — including market analysis, industry studies, M&A support, transaction due diligence, crude and feedstock valuation, economic and feasibility analyses, asset value analyses, fuels regulatory support, and litigation support — and (2) recurring/subscription research products. The research product line is anchored by biannual (Spring and Fall) outlooks issued since 2006, notably the Crude and Refined Products Outlook (CRPO) and the Regulatory and Renewable Fuels Outlook (RRFO), supplemented by specialized data products covering global refinery investments, midstream infrastructure, product demand, biofuels, crude/NGL production, and price forecasts through 2040.

Commercially, Turner, Mason operates a sales-led B2B model with direct enterprise sales of consulting engagements and report subscriptions, alongside a client portal for registered subscribers. Distribution is primarily direct with a global claim of coverage. Pricing is not publicly disclosed; reports are sold individually or via subscription agreements. The firm's most recent product release, the Spring 2026 Outlook, forecasts U.S. Gulf Coast crack spreads averaging $28 per barrel in 2026 and projects structurally strong refining margins into the early 2030s.

Name

Turner Mason & Company

Legal name

Turner Mason & Company

Website

https://turnermason.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Turner, Mason & Company is a Dallas-based, privately held energy consulting firm providing technical, commercial, and strategic advisory services plus biannual research reports to upstream, midstream, downstream, biofuels, financial, legal, and government clients across the global energy value chain.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Consulting Services: Technical, commercial and strategic consulting services provided to clients globally in the crude oil, midstream, refining, refined products, and biofuels industries. Services include market analysis, industry studies, M&A support, transaction due diligence, crude & feedstock valuation, economic and feasibility analyses, asset value analyses, fuels regulatory support, and litigation support.
2. Research Reports and Subscriptions: Single- and multi-client consulting engagements along with research products covering crude oil, feedstocks, refining, and refined products outlooks. Products include The Crude and Refined Products Outlook (CRPO) and The Regulatory and Renewable Fuels Outlook (RRFO). Reports are available for purchase by companies seeking supply, demand and pricing forecasts.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Turner, Mason & Company provides technical, commercial, and strategic consulting services to clients globally in the crude oil, midstream, refining, refined products, and biofuels industries. The firm undertakes single- and multi-client consulting engagements covering market analysis, industry studies, M&A support, transaction due diligence, crude and feedstock valuation, economic and feasibility analyses, asset value analyses, fuels regulatory support, and litigation support. It complements consulting with biannual research products (Spring and Fall outlooks) and sector-specific data reports available for purchase or subscription.

Product overview

Turner, Mason & Company is an energy consulting and advisory firm offering a portfolio of research products, consulting services, and data reports focused on the crude oil, refining, midstream, and biofuels industries. The company provides biannual outlook reports (The Crude and Refined Products Outlook and The Regulatory and Renewable Fuels Outlook), specialized market research reports (Global Heavy Crude Oil Market Outlook, TESCII Study), and sector-specific consulting services across Refining, Midstream, Renewable Fuels, Petrochemicals, Natural Gas Liquids, and Upstream Oil & Gas. The research products include data products covering global refinery investments, midstream infrastructure, product demand forecasts, biofuels outlooks, crude/NGL production forecasts, and price forecasts. The firm also offers regulatory compliance services for programs including Oregon Clean Fuels Program and California Low Carbon Fuel Standard.

Differentiator

Problem solved

Functional benefit

Products and services

• Refining Consulting Services

Quantifiable outcome

• U.S. Gulf Coast crack spreads projected to average $28 per barrel in 2026, with structural strength expected into early 2030s
• +1 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves1 record

Broad incumbents

• Wood Mackenzie: Global energy research and consultancy covering upstream, midstream, downstream, and renewables. Directly comparable to Turner Mason's downstream/midstream/refining coverage but at much greater scale with a broader integrated platform.
• S&P Global Commodity Insights (formerly IHS Markit): Largest energy and commodity intelligence platform globally, offering refining economics, crude outlooks, and biofuels research. Highly comparable to Turner Mason's biannual outlook products, with overlapping methodologies and customer base.
• Rystad Energy: Independent energy research house with strong upstream and increasingly downstream/midstream coverage. Comparable research subscription model serving oil & gas corporates, financial institutions, and governments.
• ICF International: Energy and environmental consultancy with significant practice in fuels regulation, biofuels policy, and energy market analysis. Comparable to Turner Mason's regulatory and renewables consulting services but with broader federal-government and policy footprint.
• Bain & Company — Energy Practice: Global strategy consultancy with dedicated energy practice advising IOCs, NOCs, and PE on M&A and energy transition. Overlaps with Turner Mason on M&A support, transaction due diligence, and strategic advisory work in oil & gas.

Direct peers

• Stratas Advisors: Specialty energy advisory firm focused on refined products, crude, and biofuels market outlooks. Very close direct competitor to Turner Mason's CRPO and refining consulting franchise, serving a similar mid-market client base.
• ESAI Energy: Independent energy consultancy focused on refined products, biofuels, and regulatory analysis. Directly competes with Turner Mason in the same niche of downstream/biofuels research and advisory.
• Hart Energy: Energy industry intelligence and research provider serving upstream, midstream, and downstream. Overlaps with Turner Mason on oil & gas research subscriptions and consulting, particularly across unconventional production and refining.
• NexantECA (formerly Nexant / NERA / NEMS): Energy and chemicals consulting firm with historic strength in downstream, refining, and petrochemicals advisory. Closely comparable service lines to Turner Mason's refining, midstream, and petrochemicals consulting.
• Poten & Partners: Specialty bunker and refined products advisory firm with strong shipping, marine fuels, and trading-side expertise. Comparable niche energy advisory positioning to Turner Mason's downstream and trading-focused client work.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turner Mason & Company