Setting up an oil Seller Office at NHE

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Options:

1.  Get a full time Broker: Work out of a home office with base + commision

2. Get an In-house sales background person from a big company to set up a program for each new plant.

3.  Get an In-house sales Administrator.  Pay some oil commodity listing services like Oildex and RIGZONE.

We do not fall neatly into a specific well category in the oil industry. We will probably be considered an E&P company or upstream oil company,(midstream being transport and pipelines), and downstream being a refinery/chemical company.

the word Production has two different meanings

  • Crude Production in an upstream company is pulling out oil out of the ground
  • Fuel Production in a downstream company is refining feed or blendstocks into retail products.
If we sell to a refinery we would be considered an upstream company selling crude or blendstock 


If we sell to a HHO retailer they would consider us a downstream refiner. 
If we sell to a bunker fuel producer (like intergulf considers us) our volume will be a small percentage of their intake tonnage so we would likely be considered an upstream producer.

We will need to market and represent ourselves as more than one entity, depending on who we are talking to.

We might need to create two different DBAs:
  • New Hope Energy  E&P
  • New Hope Energy HH and Bunker fuels
Eitherway will need to operate in two different kinds of networks.



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