Mr. Langley is an independent energy consultant based in Houston, Texas. His practice focuses on business analysis related to refining, transportation and other facets of the downstream industry. Typical clientele are executives of operating companies or professional service providers to the executives. Mr. Langley holds a Bachelors degree in Chemical Engineering and a Masters degree in Business, with emphasis in marketing and finance. He has worked extensively on the international scene, traveling to over 40 countries, and possesses reading and speaking skills in Spanish.
Mr. Langley formed Langley Associates LLC after having consulted with Stone & Webster Management Consultants for several years, where he was a vice president. Prior to Stone & Webster he was Director of Energy Consulting for the accounting and financial services firm of Pricewaterhouse Coopers, and was that firm’s subject matter expert on downstream and industry issues. In that role he acted as advisor to the broad financial advisory services offered by PwC, and traveled frequently to international offices in South America, Europe, Russia and Asia in support of the firm’s clients.
Joining the industry in 1975 with Gulf Oil, Mr. Langley progressed through hands-on experiences in refinery operations, capital planning and plant economics, crude supply and trading and shipping operations before promotion to the refinery strategic planning group. He provided refinery economic analysis to oil trading groups, ran the lifting program for Gulf’s crude oil production operations in West Africa and the North Sea, and developed a refinery competitor analysis model. After a two-year transition period with Chevron, post-merger with Gulf, he joined BP North America as director of planning and business analysis, where he was responsible for analysis of BP’s expansion goals in the western US.
In 1989 he joined the Permian Corporation, then the largest independent gatherer of US domestic crude, as director of new business ventures. He established a business analysis program to examine and rank all purchases at the lease for profitability, and negotiated a contract with a South American crude supplier for the incorporation of foreign crude into Permian’s all-domestic portfolio. Later, in preparation for the sale at auction of Permian, Mr. Langley wrote the offering memorandum and worked with investment bankers to qualify prospective buyers and stage the auction.
As Chief Financial Officer for a small, privately held specialty products company in the industry, Mr. Langley renegotiated a complex debt arrangement, installed a new financial accounting system and developed metrics for an optimized marketing program. He joined the consulting industry in 1994 to work with Coopers & Lybrand, predecessor to PricewaterhouseCoopers.