Richard W Porter is a highly experienced Senior Executive and has over 40 years of experience in the oil and gas industry. He also currently serves on the Advisory Board of a pipeline integrity technology start-up.
Mr. Porter previously was a member of the Senior Team with a $2B global consulting firm. He led the Houston Energy Group, a part of the global Economics team and the Energy, Power & Products (“EPP”) Industry Practice. In that role Mr. Porter was charged with expanding the scope and scale of the existing practice solutions. He was also tasked with developing cross practice collaborative business development efforts to foster advancement of the EPP Practice.
He was previously a member of the leadership team of the Oil, Gas & Mining vertical for the global management consulting arm of a $3B EPC firm. To initiate his consulting career, he founded The Pythia Group, LLC to provide strategic and regulatory solutions to the energy industry.
Prior to his consulting career, Mr. Porter developed his regulatory experience as a member of the management teams at various midstream companies. He has a reputation for producing practical solutions designed to increase shareholder value, improve operating margins, and mitigate risk. He has significant experience developing pipeline projects and services to capture market opportunities and increase earnings; managing complex shipper commercial and regulatory negotiations to meet financial goals; and demonstrating industry knowledge, critical thinking, organizational and communication skills in customer negotiations and as an expert witness.
His Career Highlights Include:
- Recovery of $80 million of stranded pipeline investment while creating a strategy to restructure a fully depreciated pipeline and increasing annual revenues by 20%.
- Achieving $60M+ in EBIT increase for one year resulting from the development and delivery of a rate case filing, litigation, and settlement, which provided additional flexibility to market pipeline services.
- Promoting corporate profitability, enhancing pipeline margins and midstream service flexibility through the initiation of an innovative hub service which simplified wellhead to hub contracting.
A favorite quote is one from Thomas Aquinas,” If the highest aim of a captain were to preserve his ship, he would keep it in port forever.”