Downstream: Dispute Resoltution & Chemical Engineering: Value of a Petroleum Refinery

In a dispute between the buyer and seller of a petroleum refinery, the buyer asserted that environmental contamination allegedly caused by the seller had diminished the value of the refinery.  Opportune’s Chemical Engineering practice was engaged to provide expert analysis of the historical operation of the refinery and to evaluate if the value of the refinery might have been affected by environmental contamination. Assessing the total economic impact of the […]

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Downstream: Dispute Resolution & Chemical Engineering: Origin of Groundwater Contaminants

Groundwater contamination at a site adjacent to a refinery led to a dispute over the origins of the contamination.  Opportune’s Chemical Engineering practice was engaged to examine the historical operations of the refinery and determine if the contamination found on the groundwater at the adjacent property could be attributed to the refinery. Refineries typically have very long economic lives and may stay in operation over many decades.  A site may […]

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Downstream: Chemical Engineering: Acquisition of African Assets

A privately held midstream and downstream fuels marketing company (company) owns fuel storage terminals, marine loading facilities, refineries and trading operations that support commercial and retail fuel sales in emerging markets throughout the world.  The company initially entered the African downstream sector in 2002 and has since rapidly expanded throughout sub-Saharan Africa. The company’s acquisition of southern African marketing businesses in 2010 consisted of shareholdings in five separate business operations […]

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Downstream: Process & Technology: Infrastructure Project & ETRM Implementation

Monroe Energy, LLC (Monroe) is a wholly-owned subsidiary of Delta Air Lines, Inc. (Delta) and operates the 185,000 bpd refinery in Trainer, Pennsylvania (Trainer Refinery).  In 2011, the Trainer Refinery was idled and ceased operations until late June 2012, when the refinery was officially acquired by Monroe from Phillips 66.  Shortly after the acquisition, Monroe began the turnaround with more than 1200 contractors onsite to bring the Trainer Refinery online. […]

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Oilfield Services: Tax

As part of an initiative to ensure continued compliance with all state and local taxing jurisdictions, a worldwide manufacturer and master distributing company (the Company) engaged Opportune to serve as its state and local tax function.  At the conclusion of a nexus study and internal conversations, the Company and Opportune jointly identified several states that were most likely to request returns from the Company in the future based on its […]

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Upstream: Tax

GMX Resources Inc. (GMXR) is a publicly-traded, independent oil and gas exploration and production company based in Oklahoma City, Oklahoma that developed acreage in Williston Basin, Denver Julesburg Basin, Haynesville/Bossier and Cotton Valley Sand formations.  On April 1, 2013, GMXR filed a joint Chapter 11 bankruptcy petition, after an illiquidity situation. Opportune’s Managing Partner was retained as the Chief Restructuring Officer (CRO) after GMXR filed for bankruptcy, and the goal […]

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Upstream: Outsourcing

Cantera Energy LLC (Cantera), an investment portfolio company of Kayne Anderson Energy Funds, is an independent oil and gas company focused on the acquisition and development of properties with identified exploration and development upside in the onshore Gulf Coast Regions. The Houston-based company operates over 750 producing wells in South Texas covering over 75,000 net acres with exposure to the Vicksburg, Wilcox and Frio formations. In June 2013, Cantera purchased […]

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Downstream: Chemical Engineering: Technical and Economic Review

An Undisclosed Company (the Company) is one of the world’s leading independent commodity trading and logistics houses. The Company has developed industrial assets and strategic infrastructure to support trading activities throughout the world. Previously, Opportune assisted the Company with the acquisition of a logistical site on the Corpus Christi ship channel. With the growth of production in the Eagle Ford formation in South Texas, the Company identified an opportunity to […]

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Downstream: Chemical Engineering: Plant Turnaround Maintenance Management

An Undisclosed Company (the Company) is one of the largest independent liquids terminal and pipeline operators in the US with international operations in Canada, Mexico, the United Kingdom, Europe, and the Caribbean. The Company engaged Opportune to provide maintenance turnaround management for an international petroleum processing plant. The plant had been operated intermittently to meet seasonal product requirements for several years. The goal of the turnaround was to complete required […]

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Upstream: Reserve Engineering & Geosciences: Reserve Evaluation Services

In 2014, the U.S. Department of Energy (DOE), the prime contractor in support of the Rocky Mountain Oilfield Testing Center (RMOTC), engaged Ralph E. Davis Associates (Davis) to provide an evaluation report of the Naval Petroleum Reserve No.3 (historically known as the Teapot Dome Oil Field), located in Natrona County, Wyoming. Davis was contracted to ascertain the oil and gas reserves in preparation for sale of the Teapot Dome Oil […]

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