P - Professionalism
R - Reliability
I - Integrity
Z - Zest
E - Excellent service delivery
Certification # 20-04-14407
On April 14, 2020, The City of Houston Approved Disadvantaged Business Enterprise (DBE) Application.
Touchstone Resources LLC dba Bakken Energy Resources was certified for Sourcing & Procurement Services for Oil, Gas & Government Agencies. We are listed in the Directory of certified M/W/S/DBE, in the following Directory Capability listing:
NAICS 425120: AGENTS AND BROKERS, DURABLE GOODS, WHOLESALE TRADE
Certificate/VID Number: 1821015606500
File/Vendor Number: 519488
The Texas Comptroller of Public Accounts (CPA) administers the Statewide Historically Underutilized Business(HUB) Program for the State of Texas, which includes certifying minority, woman, and service disabled veteran owned businesses as HUBs and facilitates the use of HUBs in state procurement and provides them with information on the state's procurement process.
TOUCHSTONE RESOURCES LLC dba Bakken Energy Resources
has successfully met the established requirements of the State of Texas Historically Underutilized Business (HUB) Program to be recognized as a HUB
Due Diligence and knowing our counterparty is key in all our transactions. As a measured and conservative approach to our risk management, it is important for Bakken Energy Resources to know our potential business partners before we proceed.
Our KYC evaluation is designed to understand our counterparty’s commercial objectives, motives, strength and compliance standing. It also extends to understand the dynamics of the transaction within our own sense of ethics into our assessment, most often as a means to serve, rather than to police our clients.
With our activities, we recognize the issues associated with sourcing product areas that are affected by conflict and governance issues. To mitigate this issue, Bakken Energy Resources has put in place procedures to conduct various levels of due diligence in all its operations around these jurisdictions. Bakken Energy Resources regularly investigates its commodities supply chain to help ensure that we are in no way in business with people or governments that contribute to human rights abuses.
We apply due diligence to assure that any vendor we may work with is not subject to legal sanctions and also that all transactions are not a shroud to money laundering operations and criminal activities.