IHS Herold is an independent research advisory firm specializing in the analysis of companies, transactions, and trends within the global energy industry. Operating since 1985, the firm provides proprietary research services through annual product license agreements, offering online research, databases, and tools. Additionally, IHS Herold offers institutional investor services featuring direct service from an institutional desk with daily research reports and company updates, as well as consulting services that include customized valuations, strategy assessments, and expert testimony. IHS Herold does not manage investment portfolios, trade securities, or hold client assets. The firm serves energy-related companies, banks, investment companies, pension plans, trusts, and other business entities.