Mike De Laval

Forensic, Litigation & Valuation Managing Director

Mike De Laval
Direct Dial

B.S. Economics Major, Northwestern University

Michael De Laval has over 30 years of experience serving the commodities industry in many facets with 25 years of experience in the oil, gas, and electricity sectors for companies, including asset development companies, marketing companies, investment banks, trading companies, non-regulated utility trading arms, hedge funds, petroleum majors, and large agricultural concerns. He has experience as a risk professional, and physical and financial trader in the energy markets, as a derivatives trader in the agricultural, bond and currency markets, and he has been a local floor trader on both the Chicago Mercantile Exchange and Chicago Board of Trade. He has served as Head Trader & Chief Risk Officer on both a global and domestic basis across portfolios comprised of physical and financial petroleum, middle distillate / jet fuel, natural gas and natural gas liquids, electricity, petro-chemicals, soybeans, corn and wheat.  He has been advisory counsel in the development of physical and financial energy and ag trading businesses, as well as counsel on transaction specific engagements.  Michael has served as a management and performance consultant as well as a testifying expert, having provided testimony domestically and internationally. He has been certified as an expert in Hedge Funds, Funds of Funds, and Natural Gas in US District Court and has broad based experience providing testimony in both government actions, private litigation and Uncitral Arbitrations.

For a copy of Mike’s Litigation CV, Click here.


Whitley Penn, Houston Office, (2018-Present)

  • Managing Director
  • Co-Leader Traded Markets Practice
  • Primary Areas of Focus
    • Traded markets related litigation
    • Traded markets business consulting
    • General business consulting

BDO USA (2017-2018)

  • Managing Director Forensic Investigation, Litigation, Valuation Services

River Bend Capital, LLC (2013-2018)

  • Co-Founder
  • Head Trader
  • Trade Strategy Deisgn
  • CEO

DY Capital Management (dba Energy Trading Advisors), LLC (2007-2018)

  • Co-founder
  • Expert Witness and Expert Consultant
  • Business Advisor
  • Risk Manager for hire
  • CEO

Bunker Hill Funds Management (2005-2008)

  • Principle, Head Trader

CRA International (2005-2007)

  • Vice President – Trading & Risk Management Practice

MultiFuels, LP (2002-2005)

  • Chief Risk Officer

Shell Chemical Company (2000 – 2002)

  • Global Manager Risk Exposure

Hagler Bailly (1998-2000)

  • Senior Consultant

PG & E Energy Trading (1996-1998)

  • Director of Risk Management

LG & E Natural (1995-1996)

  • Director of Trading

BZW (Barclays Bank) (1993-1995)

  • Vice President, Head Trader, Global Commodities

SBC (Swiss Bank Corp) (1991-1993)

  • Director of Trading
Professional Organizations
  • Former Member of NYMEX Option Advisory Committee
  • Member International Monetary Market of the Chicago Mercantile Exchange, Floor Trader
  • Chicago Board of Trade, Chicago, IL, 1987–1988
  • Chicago Mercantile Exchange Chicago, IL 1983–1985
  • ISDA (International Swaps and Derivatives) former member
  • HEA (Houston Energy Association) former member
  • FINRA Licenses Held: Series 7, Series 63, Series 4, Series 24, Series 3
  • 2006 World Finance, “Swap Transactions Between Related Parties” (June-July Issue) with Anthony J. Barbera & Perry Urken


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