Company information
Official facts about Billman Midstream Trading: who we are, what we do, what we trade, where we are and how to reach us.
Company facts
Billman Midstream Trading LLC is an independent oil and gas procurement and trading firm, founded in 2024 and registered in Erie, Pennsylvania, United States.
- Company name
- Billman Midstream Trading
- Legal name
- Billman Midstream Trading LLC
- Legal form
- Limited liability company registered in Pennsylvania, United States
- Registration number
- 13774330 (Pennsylvania Department of State)
- D-U-N-S number
- 11-928-3688
- Founded
- 2024
- Registered office
- 502 W 7th St, Suite 100, Erie, PA 16502, United States
- Industry
- Physical oil and gas trading: procurement, brokerage and the coordination of logistics and trade finance
- Chief Executive Officer
- Paul Billman
- Service lines
- Oil and Gas Trading, Finance, Brokerage Services
- Products
- Crude oil, natural gas, diesel, gasoline, jet fuel (Jet A-1), LNG and LPG
- Delivery terms
- FOB, CFR, CIF and DAP under Incoterms 2020
- Transport coordinated
- Ocean tanker, pipeline, rail tank car and road tanker
- Telephone
- +1 (814) 204-2623
- info@billmanmt.com
- +1 (330) 871-9836
- Official website
- billmanmt.com
- Corporate profile
- Read online or download the PDF
Business activities
Procurement, brokerage, logistics and payment handled as one chain, with one accountable lead on every transaction.
- Oil and Gas Trading
- Procurement of crude oil, natural gas, refined products and LNG from verified suppliers for commercial buyers, with market analysis, risk management, transportation and logistics, and asset management.
- Finance
- Coordination of payment structures, documentation and settlement between buyers, sellers and their banks: documentary and standby letters of credit, cash against documents and escrow. Project finance support for storage, terminal and other energy infrastructure sponsors.
- Brokerage Services
- Representation of sellers of crude oil, refined products and gas: we connect qualified buyers to our verified sellers and manage each transaction from first inquiry to settlement under written confidentiality agreements. Mandates can register to introduce buyers to us.
What we are not. We are not a bank, a lender or an investment adviser, and we do not own or operate terminals, vessels or pipelines. We select and coordinate the carriers, terminals and inspectors for each cargo.
Questions about the company
What is Billman Midstream Trading?
Billman Midstream Trading LLC is an independent oil and gas procurement and trading firm, founded in 2024 and registered in Erie, Pennsylvania, United States.
What does Billman Midstream Trading do?
We source crude oil, refined products and gas for commercial buyers, then coordinate the brokerage, logistics and payment steps that carry each cargo from seller to delivery point. Our service lines are Oil and Gas Trading, Finance and Brokerage Services.
What industry is Billman Midstream Trading in?
Physical oil and gas trading. We work only in physical oil and gas: procurement, brokerage, and the coordination of logistics and trade finance for each cargo.
What products does Billman Midstream Trading handle?
Crude oil, natural gas, ultra-low sulphur diesel, gasoline, jet fuel (Jet A-1), LNG, and LPG (propane and butane), each contracted to a recognised specification. Availability depends on supplier programs at the time of inquiry.
Who does Billman Midstream Trading work with?
Commercial buyers of oil and gas; producers, refiners and title holders; terminal operators and carriers; mandates who introduce buyers; and sponsors of storage, terminal and other energy infrastructure projects.
Where does Billman Midstream Trading operate?
Our registered office is in Erie, Pennsylvania, United States. We arrange international cargoes under Incoterms 2020 delivery terms (FOB, CFR, CIF and DAP), moved by ocean tanker, pipeline, rail tank car and road tanker.
Does Billman Midstream Trading own terminals, vessels or pipelines?
No. We do not operate terminals, vessels or pipelines. We select carriers and terminals that run theirs safely and coordinate them on one schedule for each cargo.
Is Billman Midstream Trading a bank or lender?
No. We are not a bank, a lender or an investment adviser. We structure and coordinate payment; regulated banks and financiers provide the funds.
How can I contact Billman Midstream Trading?
By telephone on +1 (814) 204-2623, by WhatsApp on +1 (330) 871-9836, by email at info@billmanmt.com, or through the inquiry form on the Contact Us page. The registered office is 502 W 7th St, Suite 100, Erie, PA 16502, United States.
Delivery terms at a glance
The four delivery terms we work with, from the seller’s tank to the named destination.
Swipe sideways to see the whole diagram.
Glossary of trade terms
Standard trade terms that appear in our services, documents and contracts. Where an official body publishes the rule or the unit, we link to it.
- Incoterms 2020
- Rules published by the International Chamber of Commerce that set out who arranges and pays for transport, insurance and export clearance, and where risk passes from seller to buyer.Source: International Chamber of Commerce: Incoterms rules (opens in a new tab)
- FOB (Free On Board)
- The seller delivers the cargo on board the vessel the buyer nominates at the named port of loading. Risk passes to the buyer once the cargo is on board; the buyer arranges freight and insurance.
- CFR (Cost and Freight)
- The seller delivers on board at the port of loading and pays the freight to the named destination port. Risk passes to the buyer at loading.
- CIF (Cost, Insurance and Freight)
- As CFR, with the seller also arranging marine cargo insurance for the voyage.
- DAP (Delivered at Place)
- The seller bears the cost and risk of bringing the cargo to the named destination, ready for unloading by the buyer.
- ICPO
- Irrevocable corporate purchase order: a buyer’s formal written statement of intent to buy a product on stated terms. A letter of intent serves a similar purpose at inquiry stage.
- KYC (Know your customer)
- Verification of a counterparty’s registration, ownership, directors and banking references before commercial terms are exchanged.
- NCNDA
- Non-circumvention, non-disclosure agreement: protects each party’s contacts and information in a transaction.
- Full corporate offer
- The seller’s firm written offer, stating product, specification, quantity, price basis, delivery term and procedure.
- Sale and purchase agreement
- The contract that fixes price basis, schedule, inspection and payment for a cargo or a supply program.
- Documentary letter of credit
- A bank’s undertaking, issued at the buyer’s request, to pay the seller when shipping documents that comply with the credit’s terms are presented.
- Standby letter of credit
- A bank’s undertaking to pay if the buyer does not, used alongside open-account or cash-against-documents terms.
- Cash against documents
- Payment by bank transfer when the agreed shipping documents are released to the buyer.
- Escrow
- Funds held by a regulated third-party agent and released when the contract conditions are met.
- Bill of lading
- The document a carrier issues for cargo loaded on board. It evidences the contract of carriage and serves as a document of title.
- Certificates of quality and quantity
- Reports issued by an independent inspection company that samples, tests and measures the cargo at loading.
- Demurrage
- Compensation owed to the shipowner when a vessel is kept beyond the agreed time for loading or discharge.
- MMBtu
- One million British thermal units: the usual unit for pricing natural gas and LNG.Source: U.S. Energy Information Administration: energy units (opens in a new tab)
- API gravity
- An American Petroleum Institute scale of how heavy or light a crude oil is compared with water; part of a crude oil assay.
- Mandate
- A company or individual appointed to represent Billman Midstream Trading and introduce qualified buyers to its verified sellers. Become our mandate
