Oil and Gas Trading
Procurement of crude oil, natural gas, refined products and LNG from verified suppliers, with the market analysis, risk controls and transport planning each purchase needs.
Billman Midstream Trading: oil and gas procurement, brokerage and trade finance coordination
Global oil and gas procurement, handled as one accountable chain.
Billman Midstream Trading sources crude oil, refined products and gas for commercial buyers, then coordinates the brokerage, logistics and payment steps that carry each cargo from seller to delivery point.
- Incoterms 2020FOB, CFR, CIF and DAP delivery terms
- Sanctions screeningUS, UN, EU and UK lists
- Independent inspectionQuality and quantity certified at loading
- One accountable leadFrom first inquiry to settlement
An independent oil and gas trader
We want the physical oil and gas trade to work the way its contracts say it should: product that matches its certificate, documents that match the contract, and counterparties who are who they say they are.
The market is crowded with offers nobody can evidence and intermediaries who vanish when a document is questioned. We built the firm around the opposite habit. We verify first, put the delivery plan in writing and stay on a transaction until it is settled.
- Founded
- 2024
- Registered office
- Erie, Pennsylvania, United States
- Service lines
- Oil and Gas Trading, Finance, Brokerage Services
- Chief Executive Officer
- Paul Billman
Three service lines, one accountable chain
A physical energy trade fails in the gaps: between the offer and the proof of product, between the contract and the vessel, between the documents and the bank. Our three service lines cover those gaps, and one person on our team stays responsible for the whole transaction.
Finance
Payment structures, documentation and financial due diligence coordinated between buyer, seller and their banks, for single cargoes and long-term supply agreements.
Brokerage Services
We represent sellers and connect qualified buyers to our verified sellers, from first inquiry to settlement under written confidentiality agreements.
How we connect buyers and sellers
We represent sellers of crude oil, refined products and gas, and connect qualified buyers to our verified sellers. Every buyer is verified before we make the connection.
Qualified buyers
Commercial buyers of crude oil, refined products and gas, who come to us directly or through our mandates.
Our mandates introduce buyers to us
- Know-your-customer checks on both sides before terms are exchanged
- Product, title and loading capacity evidenced before payment
- Delivery plan, documents and payment coordinated to settlement
Verified sellers we represent
Producers, refiners and title holders whose product, title and loading capacity we have checked.
Seller identity confidential until both sides sign
What we trade
Crude oil, refined products and gas, each contracted to a recognised specification that any independent laboratory can test.
-
Crude oil
- Specification
- Assay by grade: API gravity, sulphur and acidity
- Usual unit
- Barrels
-
Natural gas
- Specification
- Quality specification of the delivering pipeline
- Usual unit
- MMBtu
-
Diesel, ultra-low sulphur
- Specification
- EN 590 or ASTM D975
- Usual unit
- Metric tonnes or barrels
-
Gasoline
- Specification
- EN 228 or ASTM D4814
- Usual unit
- Metric tonnes or barrels
-
Jet fuel, Jet A-1
- Specification
- ASTM D1655 or DEF STAN 91-091
- Usual unit
- Metric tonnes or barrels
-
LNG
- Specification
- Composition and heating value set in the contract
- Usual unit
- MMBtu
-
LPG, propane and butane
- Specification
- ASTM D1835
- Usual unit
- Metric tonnes
-
Other products
Ask about products not listed here. Submit an inquiry
How a transaction runs
Product moves one way and payment moves the other. Every step between them is written down before either starts.
Inquiry
You send product, specification, volume, delivery term and destination.
Verification
Both sides pass know-your-customer checks and sign confidentiality agreements.
Offer and contract
The seller issues a firm offer. The contract fixes price basis, schedule, inspection and payment.
Loading and inspection
An independent inspector certifies quantity and quality. Shipping documents are checked.
Delivery and settlement
The buyer takes delivery and payment is released against documents.
Logistics planned at offer stage
Freight, storage and inspection decide whether a cargo arrives on time and on specification. We set the delivery plan at offer stage: the loading point, the delivery term, the loading window, the inspector and the documents each bank will ask for.
- Delivery terms
- FOB, CFR, CIF and DAP under Incoterms 2020
- Transport
- Ocean tanker, pipeline, rail tank car and road tanker
- Storage
- Tank capacity and terminal slots confirmed in writing before nomination
- Inspection
- Independent quantity and quality certificates at loading
Our commitments to you
Paul Billman, Chief Executive Officer, leads our strategy and operations across oil and gas procurement, commodity trading and midstream services. Leadership
- Verified counterparties
- We check company registration, ownership, sanctions exposure and trade references for both sides before terms are exchanged.
- Proof before payment
- Product, title and storage are evidenced through the terminal or an independent inspector before a buyer commits funds.
- A written delivery plan
- Every offer states the loading point, delivery term, schedule and inspection method, so nothing is settled by assumption.
- One accountable lead
- A named person on our team runs your transaction from inquiry to settlement and answers for it.
Our standards
A counterparty should be able to read our standards before sending us a document.
- Know your customer
- Every buyer, seller and intermediary provides company registration, ownership and director details and banking references before commercial terms are exchanged.
- Sanctions
- We screen counterparties, vessels and cargo origins against United States, United Nations, European Union and United Kingdom sanctions lists. We do not handle product of sanctioned origin. Official lists: OFAC (opens in a new tab), United Nations (opens in a new tab), European Union (opens in a new tab), United Kingdom (opens in a new tab)
- Anti-bribery
- We comply with the U.S. Foreign Corrupt Practices Act. We do not make or accept facilitation payments. The law: U.S. Department of Justice (opens in a new tab)
- Health, safety and environment
- We do not operate terminals, vessels or pipelines. We select carriers and terminals that run theirs safely, and move every cargo with its safety data sheet and correct hazard classification. About safety data sheets: OSHA (opens in a new tab)
- Confidentiality
- Offers, counterparties and documents are shared only with the parties to a transaction.
Become our mandate
Companies and individuals with access to commercial buyers of oil and gas can represent Billman Midstream Trading as our mandate. We verify every buyer you introduce before we connect them with our sellers.
Corporate profile
Service lines, products, operating model, finance, risk, compliance and leadership, in an A4 profile for your procurement, credit and compliance teams.
