Turner, Mason & Company provides technical, commercial and strategic consulting services to clients globally in the crude oil, midstream, refining, refined products, and biofuels industries. We offer a broad range of consulting services related to the downstream and midstream segments of the petroleum industry. We undertake single- and multi-client consulting engagements along with research products covering crude oil, feedstocks, refining, and refined products outlooks. Core competencies include market analysis for the downstream and midstream sectors, individual asset, company and industry analyses, technical and commercial support in mergers and acquisitions, transaction due diligence, economic, feasibility and market analyses, expert witness as well as attestations and fuels regulatory support.
ABOUT US
HISTORY
The company was started in 1971 in Dallas, Texas as Turner, Mason & Associates by its namesake founders, Malcolm Turner and Harry Mason. Turner and Mason had been chemical engineering classmates at Rice University and worked for U.S. operating companies Conoco and Tenneco before beginning their consulting careers. They were joined in the practice by former Rice chemical engineering classmates Robert Cunningham and Duvall Webster. Lee Solomon helped start the firm, left for a stint as CEO of a farm coop and rejoined to initiate the Refinery Performance Surveys which allowed U.S. refiners to benchmark their refining operations, costs, yields, etc. against competitors in blind data aggregations that preserved the confidentiality of individual facility and company data. The first few industry-wide surveys were conducted in the early 1980s at Turner, Mason & Associates. In 1984, Lee formed Solomon & Associates and continued providing the benchmarking surveys under that name.
Initially, Turner, Mason & Associates provided strategic and technical consultation primarily to the senior managements of independent refiners serving as an extension of their planning staffs. The firm quickly earned a reputation for its expertise in industry modeling and competitive studies, mergers and acquisitions/due diligence support and expert witness engagements. Additionally, its client base was extended to include industry associations like API, NPRA (predecessor to AFPM), governmental agencies like EPA and DOE, financial institutions and investment bankers.
The firm was later renamed Turner, Mason & Company and then in 1984, George Michalski and current President and CEO, Michael Leger, joined the firm. Michalski came from Ethyl Corporation and Leger had held various technical and management positions in the refining divisions of Texaco, Inc., Cities Service Company and CITGO Petroleum Corporation. They were joined in 1987 by John Auers from Exxon and in 1989 by Tom Hogan who had served in various capacities at Mobil, ECI and Husky. Charles Miller joined the firm in 1990 after careers with Gulf Oil, Texas City Refining and Hill Petroleum and James Jones joined in 1994 from La Gloria Oil & Gas. The firm’s practice was extended by the addition of these individuals to facilitate strategic planning, project management, independent engineer services, forecasting, fuels regulatory support, international engagements with NOCs and market analysis and research. In 2006 Elizabeth Hilbourn and John Mayes joined the firm after careers with Mobil, Exxon and Koch Industries (Beth) and Gulf Oil, BP, Ultramar and Fina/Alon (John). Recent additions of Sam Davis from Wood Mackenzie and Cinda Lohmann from Flint Hills complement and complete the firm’s current senior leadership team.
Today, Turner, Mason & Company is growing in its Dallas and Houston, Texas offices. Our vision is to provide trusted advice and solutions to the global energy industry through rigorous independent analysis, critical judgement, and thorough understanding of market fundamentals and drivers.
PEOPLE
We are professionals with deep industry knowledge, skills, and experience, providing our clients with trusted advice that adds value to their business. Our staff is made up of highly qualified, licensed chemical engineers, economists and analysts with significant industry operating and commercial experience prior to joining the consulting practice. Our consultants maintain close contact with clients and the responsibility for each engagement is clearly assigned to coordinate analysis, presentation of results, and follow-up that best meets the needs of each engagement. Staff members are skilled in working with corporate, legal, financial, and entrepreneurial clients at all levels in their respective organizations.
Michael W. Leger, P.E. (President & CEO)
Mike is President & CEO of TM&C and experienced in petroleum downstream economics, strategic planning studies, crude oil/marketing studies, joint venture analyses, supply/demand projections, refining center studies and business plan development. He has over 40 years’ experience in the petroleum industry, including careers with Texaco and CITGO, and many years as an international consultant with TM&C. He was President/CEO of a small U.S. refining company, holds a B.S. in Chemical Engineering from Louisiana State University and is a licensed Professional Engineer (Texas).
Samuel H. Davis (Executive Vice President, Strategy & Business Development)
Sam leads the strategic and business development efforts of the firm. He has 20 years’ experience across oil markets, refining and petrochemicals with a diverse background of technical, operating and commercial responsibilities at Sunoco and most recently Wood Mackenzie where he held positions of Head of Americas Refining & Oil Markets; Director, Global Downstream; and Senior Manager, North America Refining. Sam holds a Bachelor of Science degree in Chemical Engineering from Drexel University (2001), and an MBA from the University of Houston (2007).
Cinda Lohmann, P.E. (Executive Vice President, Fuels Regulatory Practice)
Cinda leads TM&C’s Fuels Regulatory Practice with over 20 years of experience in the energy industry with Flint Hills Resources. She has specialized experience in the areas of state and federal fuel compliance, laboratory quality assurance, and refining fuel certification. Cinda brings comprehensive knowledge of the transportation fuel regulations throughout North America. She is experienced with the Federal EPA Motor Fuel and Vehicle Regulations (including the Renewable Fuel Standard), and the low carbon fuel programs in California, Oregon, and Canada. Cinda has experience leading EPA compliance audits, assessing fuel manufacturing compliance programs, assisting with litigation evaluations, and providing regulatory strategic guidance. Cinda leverages her diverse operational experience with her complimentary regulatory knowledge to present clients with economical solutions while operating within the compliance requirements. As an active member of ASTM International and the American Fuel & Petrochemical Manufacturers, she remains on the forefront of regulatory and industry issues. Cinda is accredited as a Lead Verifier for California’s Low Carbon Fuel Standards as well as California’s Mandatory Green House Gas Regulations for Oil and Gas. She graduated from the University of Arkansas with a bachelor’s degree in Chemical Engineering and is a licensed Professional Engineer (Minnesota).
Skip York (Senior Vice President and Chief Energy Strategist)
Skip is a highly accomplished global energy professional and brings a wealth of experience and strategic thought leadership to the firm from previous positions with Exxon in Corporate/International Planning, Reliant Energy as Director Fuel Markets Analysis and most recently as Head of Commodity Strategy & Portfolio Strategy Development with BHP/Woodside Energy. Skip’s consulting background includes senior positions with McKinsey & Company, Charles River Associates and Wood Mackenzie where he built trusted relationships with client senior leadership on international, multi-industry engagements involving M&A transactions, commercialization endeavors and other strategy initiatives and validations. Skip holds a PhD in Economics from the University of Virginia and conducted a post-doctorate study in Applied General Equilibrium Modeling at the International Institute of Applied Systems Analysis, Vienna, Austria as a Ford Foundation Fellow. His undergraduate work was at the University of Wyoming where he continues a relationship with the School of Energy Resources.
Eamon Cullinane (Director, Renewable Energy Markets)
Eamon offers a broad range of expertise across various engagements at Turner, Mason & Company that focuses on strategy, analysis, optimization, and energy investments. He advises clients in the transportation fuel sector, which include producers, traders, private equity firms, industry trade associations, and government agencies. These projects vary from ethanol, renewable diesel, biodiesel, co-processors, renewable natural gas (RNG), waste-to-energy, and refineries. Eamon’s consulting experience ranges from supply/demand market analysis, fair market value assessments, due diligence, audits, fuels compliance management, regulatory support and project scale-up. As an accredited Lead Verifier for California’s Low Carbon Fuel Standard, Eamon has proficiency with GREET Modeling, Life Cycle Analysis, Fuel Pathway Validation/Verification and Quarterly Fuel transaction reports. Additionally, Eamon has experience with the Federal EPA Motor Fuel and Vehicle Regulations (including the Renewable Fuel Standard). RFS engagements have consisted of fuels compliance, attestations, RIN due diligence, and third-party engineering reviews. Eamon was formerly with ExxonMobil and a part of the optimization team as an Economist running LP economic models to highlight constraints and marginal unit incentives for the planning and technical operation teams while also evaluating the economics of potential site projects for investment consideration. Eamon holds a B.S. degree in Chemical Engineering from Carnegie Mellon University and is an MBA Candidate at the Michigan Ross School of Business.
Sanjay Bhatia (Senior Consultant)
Sanjay joins us from ExxonMobil Research and Engineering where he spent 20 years in various capacities in Fairfax, VA, Baton Rouge, LA and Houston, TX. He was most recently Lead in XOM’s Planning and Optimization Evergreen Modeling Program. Prior to that assignment, Sanjay was primary model validation tool support for XOM refineries worldwide, model owner for the Baton Rouge Refinery, Gulf Coast Circuit Model Owner for Refinery & Supply and Senior Economic Optimization Engineer and Discipline Principal. In his new capacity with TM&C, Sanjay will be advising clients on modeling, market study assignments, industry analyses and engagements involving “new energy” technologies. Sanjay holds a M.S in Chemical Engineering from Caltech and a B.S. in Chemical engineering from Rennselaer Polytechnic Institute.
Brian Graham (Senior Consultant)
Brian comes to Turner, Mason & Company (TM&C) with a varied background, strong in project management, scheduling, and execution; market research and analysis; crude oil and feedstock valuation; LP Modeling, refinery planning, and budgeting. He earned a B.S. degree in Mechanical Engineering from Texas A&M University and an MBA from Rice University in Houston, TX. Brian was employed by Wood Group Mustang (formerly Mustang Engineering) in Houston, TX, where he served as Project Manager / Project Engineer. He led a team of 40 plus engineers, designers, and support staff on key strategic international projects. Brian engineered offshore platforms, CO2 injection facilities, pipelines, shale oil gathering systems and refineries. At Marathon Petroleum Corporation/Tesoro Corporation/Tesoro Logistics in Salt Lake City, UT, he worked as the Refinery Feedstock Acquisition Coordinator / Sr. Planning Engineer where he identified $22MM in crude oil supply improvement projects and led a due diligence trip managing integration for Tesoro’s $2.5B acquisition of QEPFS. At Sinclair Oil Corporation in Salt Lake City, UT, he served as an Economics and Planning Engineer performing weekly and monthly performance reports. He ran LP Model to provide economic basis for projects and for short- and long-term planning decisions, including $3MM in projects to increase refinery production through hydrotreating and bypass blending. Brian is bringing to TM&C a wide variety of expertise in many areas of the oil and gas industry.
Bailey Overton (Consultant)
With a career spanning six years at RPS Group, she has amassed extensive experience in transactional due diligence, advisory services, and consulting. Initially contributing to the environmental due diligence division at RPS, Bailey transitioned to become an integral member of the ESG strategy and due diligence team in the last two years. As a member of our team, Bailey has honed her specialized expertise within the regulatory frameworks delineated in the EPA’s 40 CFR Part 80, concentrating on the requisite standards for petroleum and renewable fuel producers. Beyond her adeptness in federal programs, she possesses an in-depth comprehension of California’s LCFS and Mandatory Greenhouse Gas Reporting Programs. In her role as an accredited Lead Verifier for California’s Low Carbon Fuel Standard, Bailey has exhibited proficiency in various areas, including GREET Modeling, Life Cycle Analysis, Fuel Pathway Validation/Verification, and Quarterly Fuel Transaction Reports. Bailey holds a Bachelor of Science degree in Biology and a Master of Science degree in Environmental Chemistry from Texas Woman’s University.
Shanda B. Thomas (Corporate Secretary & Director, Business Administration)
Shanda is a graduate of Texas A&M University with a BA (2005) and Texas State University with a MA (2007). She came to TM&C in 2007. Shanda is experienced in EPA Moderated Transaction System (EMTS) to provide RIN management services, technical compliance analyst for attestation services and fuels regulations reporting. Through the years, Shanda has gained a deeper knowledge of the EPA Federal fuel compliance programs providing oversight for several clients’ fuel programs. Shanda is also a member of TM&C’s field sampling and auditing team conducting gasoline quality auditing. Shanda’s expertise with data and infrastructure management has been leveraged as TM&C invests in IT software solutions for our Fuels Regulatory data analysis. Shanda is a member of TM&C’s verification body under the CA LCFS and OR CFP programs.
Mary Jo Leckington (Senior Fuels Compliance Analyst)
Mary Jo is a member of TM&C’s Fuels Regulatory Practice with more than 25 years of experience in the energy industry with Flint Hills Resources. With specialized experience in preparing fuels compliance reports for petroleum and renewable fuel producers required under the EPA Federal program (40CFR 79 and 80), Mary Jo brings a level of depth to our clients’ reporting and auditing. Her expertise extends beyond the Federal programs into various states, including the Texas Low Emission Diesel, the California Alternative Diesel Fuels program, and the California and Oregon Low Carbon Fuels programs. In addition, Mary Jo has knowledge of finished fuel additives including additive registrations for fuel manufacturers and the ongoing volumetric additive reconciliations. Mary Jo graduated from Bethany College with a Business Administration degree in 1988.
Shelia Barber (Senior Fuels Compliance Analyst)
Shelia is a member of TM&C’s Fuels Regulatory Practice with more than 30 years of experience in the energy industry with Flint Hills Resources. Shelia started her career in Internal Audit performing attestation engagements for Flint Hills. She moved to Compliance where she gained specialized experience preparing fuels compliance reports for petroleum and renewable fuel producers, handling sulfur/benzene ABT credit trading and compliance, and third-party engineering reviews. Shelia has additional experience beyond the Federal programs, including the Texas Low Emission Diesel, the California Alternative Diesel Fuels program, and the California Low Carbon Fuels programs. In addition, Shelia has knowledge of finished fuel additives including additive registrations for fuel manufacturers and volumetric additive reconciliations. Shelia obtained her BA in Accounting from Wichita State University.
Rita Hardy (Fuels Regulatory – Associate Consultant)
Rita has worked for more than 40 years in the petroleum refining and renewables industry with specialization in Fuel Quality, Fuel Compliance and Laboratory Operations. For the last 16 years, Rita held the role of Vice President, Quality and Compliance at Koch Industries / Flint Hills Resources. In this position, she led a team of approximately 40 professionals tasked with developing and maintaining systems for federal and state compliance for all fuels (both petroleum and renewables) and measurement, implementing systems to provide the product quality for fuels and chemicals required by customers and government agencies, and providing corporate level technical support and lab excellence guidance for FHR manufacturing facilities. She has extensive knowledge of EPA Fuels Regulations and most recently served as chair of AFPM’s Fuel Committee (2019-2021). She has been involved with ASTM for over 25 years, participating in both laboratory method developing committees and fuel product committees. Rita holds a MS degree in Chemistry from the University of Kentucky and a BS Degree in Chemistry from Marshall University.
Kari Bruce (Fuels Regulatory – Associate Consultant)
Kari has 15 years of energy industry experience at Flint Hill Resources. After beginning her career at Flint Hills Resources in accounting, Kari spent the last seven years as a member of the Regulatory Fuels Compliance Team. As part of this team, she developed specialized knowledge of EPA’s 40 CFR Part 80 and 1090 requirements for petroleum and renewable fuel producers. Beyond federal programs, she also has in-depth knowledge of California’s LCFS and Mandatory Greenhouse Gas Reporting Programs. Kari managed the internal annual EPA attestation and California verification programs. Kari also maintained the internal Fuels Compliance Training Program and collaborated with business teams to maintain current compliance systems or develop new compliance systems as needed for regulation or business changes. Kari holds a BBA in Accounting from Wichita State University.
Philip Guillemette(Associate Consultant)
Philip has over 40 years’ experience in the petroleum refining industry with Mobil Oil and Koch Industries/Flint Hills Resources (FHR), including 13 years of biofuels operations. During the last 11 years, Philip led the FHR Fuels Compliance Team with overall responsibility for meeting USEPA fuels and California Low Carbon Fuels Standard requirements. His expertise and experience include all aspects of the USEPA Renewable Fuels Standard, CARB LCFS Tier 1 pathway applications and associated CA-GREET Model and CARB Cap-n-Trade Program. Additionally, Philip has familiarity with the new USEPA Part 1090 fuels regulations and worked in environmental management roles at three U.S. refineries and at the corporate level. As Compliance Director for FHR, Philip led a team which established fuel compliance management systems and work processes, managed changes resulting from new/changed regulatory requirements, and developed future fuel compliance strategies for petroleum refining, biofuels operations and associated commercial business activities. Philip holds a BS degree in Chemical Engineering from the University of Texas at Austin, and an MBA from Lewis University, Romeoville, IL.
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Keith Mueller (Associate Consultant)
Keith has over 40 years of industry experience. He spent 25 years with various companies within Koch Industries where his responsibilities included leading the fuels quality and compliance practice; provided technical support for state and federal lobbying efforts; led merger, acquisition, divestiture, corporate development, and innovation efforts; managed various trading businesses; and built analytic capability across multiple commodities. During these years, he gained expertise in understanding key industry drivers, price-setting mechanisms, due diligence, financial modeling, and the impact of legislative and regulatory rules on participants’ profitability. Prior to Koch, Keith started his career at Sohio/BP in engineering, analysis, crude oil trading, and strategy. Keith holds an MBA in Finance and a BS in Chemical Engineering from Case Western Reserve University and a BS in Chemistry from Allegheny College.
Kelly Graves (Associate Consultant)
Kelly has over 25 years energy industry experience with a focus on motor fuels compliance and customs/international trade compliance. Upon joining Koch Industries, she was part of an industry team that worked with the EPA to develop the motor fuels attestation procedures and served on the committee that amended the Institute of Internal Auditors professional standards for attestations. She led the Koch Internal Audit attestation team and later transitioned to manage the Motor Fuels reporting team in Flint Hills Resources (predecessor Koch Petroleum Group). Customs/International Trade were added to her compliance reporting responsibilities where she and her team developed and managed processes for import/export compliance and a duty drawback program. The last 20 years of her career have been spent in the trading business with Koch Supply & Trading, focusing on motor fuels, import/export compliance, and business expansion regulatory compliance both domestically and internationally. Kelly was also Commercial Compliance Director with Koch Supply & Trading where she managed commercial compliance programs and compliance risk assessments. She holds an MBA and BBA in Accounting from Wichita State University.
our clients
Our clients include integrated oil companies, independent refiners, crude producers, midstream companies, biofuel producers, national oil companies, engineering and technology companies, financial institutions, private equity and venture capital firms, government agencies, and industry service providers. Successful assignments rely on close working relationships with our clients. Such a relationship can only develop when the client recognizes that the consultants are not only qualified and experienced in the tasks confronting them, but that they are continually working with only the client's best interests in mind.
