Commodities Trading & Logistics: Restructuring

An undisclosed lender for a privately held trading company engaged Opportune as a crisis manager to assist in the evaluation of immediate liquidity needs, the ongoing viability of the trading company’s business, and the cost benefit of liquidation. Opportune served as a financial advisor and provided the undisclosed lender with an intricate and accurate valuation report for collateral purposes during a volatile situation involving multiple stakeholders. Opportune responded quickly to […]

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Power & Gas: Process & Technology: Strategic Planning

A fully integrated North American energy retailer and services provider engaged Opportune to assist in the development of a 15-month set of goals, objectives, and plans for the Chief Financial Officer (CFO). Opportune began by conducting a careful background assessment and analysis of the current organizational structure, culture, people, financial operations, and institutional history to develop an understanding of the best way to implement new CFO objectives. Opportune’s expert team […]

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Upstream: Enterprise Risk

A privately held global financial services firm was considering extending additional debt to one of the oil and gas exploration and production (E&P) companies in its investment portfolio. Headquartered in Knoxville, Tennessee, the E&P Company focuses its operations in Cook Inlet, Alaska and the Appalachian Basin and offers common stock on the New York Stock Exchange. The financial services firm initially engaged Opportune to assess the quality of earnings of […]

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Upstream: Process & Technology: Royalty & Accounting Reporting

University Lands, a department of The University of Texas (UT) System, manages the system’s mineral interests and surface rights to approximately 2.1 million acres located primarily in the Permian Basin. As a result of the shale boom in West Texas, University Lands recognized the need for more streamlined reporting and accounting to better manage their assets and to provide improved customer service to the lessees and purchasers on their land. […]

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Oilfield Services: Complex Financial Reporting: Process & Reporting Enhancement

During the first few months as the new Chief Accounting Officer (CAO) of a global gas compression services company (the Company), the CAO unknowingly reported inaccurate financial reports to the Company’s key stakeholders. These financial reports were the result of heavily dependent ad hoc and inconsistent, manual procedures. Without the proper tools, the accounting department was burdened by a perpetual month-end close process, and, as a result, it did not […]

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Downstream: Tax: ETRM System and Sabrix Implementation

PBF Energy (PBF) is one of the largest independent petroleum refiners and suppliers of petroleum products in the United States. PBF recently completed its IPO and continues to grow rapidly. Opportune was initially engaged to implement PBF’s ETRM system (RightAngle) and was further engaged by the Tax Director. As PBF expanded, the tax department and the organization needed support to streamline and manage daily tax operations. PBF leveraged Opportune’s industry […]

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Upstream: Energy Advisory Services for Private Capital: Crisis Management

The Undisclosed E&P Company (The Company) is the Holder of strategic assets primarily in the shallow waters of the Gulf of Mexico. The Company’s focus is on acquisitions, production enhancements, development, and low risk exploration in the Gulf of Mexico. Opportune’s professionals were engaged to advise certain Private Equity backers regarding The Company’s current and future financial position. Specifically, Opportune evaluated The Company’s ability to pay down its accounts payable […]

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Upstream: Outsourcing

Memorial Production Partners LP (Memorial) is a publicly traded limited partnership that was formed in 2011 to own, acquire and exploit oil and natural gas properties in North America. Memorial acquired its initial assets from three separate operating companies of Natural Gas Partners (NGP) in December 2011. Memorial engaged Opportune for data conversion, operational transactional processing and reporting, production allocation, and land services. Opportune set up more than 1,500 properties […]

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