Upstream: Corporate Finance: Due Diligence

EnerVest is one of the 25 largest oil and gas companies in the United States, with more than 27,000 wells across 16 states, 5.5 million acres under lease, and more than $10 billion in assets under management. EnerVest has been a successful sponsor for over 20 years as an operating company for institutional investors, and in 2013 completed its thirteenth partnership fund with aggregate equity commitments of $2 billion. Opportune […]

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Midstream: Corporate Finance: Valuation Services

In 2008, Flatrock Energy Advisors LLC and EnCap Investments L.P. joined together to create EnCap Flatrock Midstream (“EnCap Flatrock”), a private equity firm dedicated to invest in the midstream sector of the North American energy industry. Today EnCap Flatrock has more than $3 billion in total assets under management. The firm’s impressive portfolio of companies includes Nuevo Midstream LLC (“Nuevo”), which was formed in April 2011 by EnCap Flatrock and […]

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Upstream: Strategy & Organization

University Lands, a department of the University of Texas System’s Office of Business Affairs, manages the Permanent University Fund lands and all operations therein. University Lands’ operations include both the mineral interests and surface rights for approximately 2.1 million acres, primarily in the heart of the Permian Basin. Recognizing the potential of the land assets, University Lands engaged Opportune to provide a comprehensive strategic study comparing the effectiveness and efficiency […]

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Upstream: Restructuring

ATP Oil & Gas Corporation (“ATP”), a publicly traded U.S. corporation with oil and gas operations in the Gulf of Mexico, engaged Opportune to serve as a financial advisor during the company’s bankruptcy. ATP has a complex capital structure involving multiple levels of secured debt and other unique contractual financial obligations. Effective restructuring depended on a major deepwater construction project and functioning assets in place to offset significant liquidity issues […]

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Downstream: Process & Technology: ERP & ETRM System Implementation

PBF Energy (“PBF”) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. As a growth organization which successfully completed its IPO, PBF needed a fully integrated solution with the flexibility of adapting to an ever-changing business landscape. PBF initially engaged Opportune to help define its overall IT strategy and systems landscape and […]

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Upstream: Complex Financial Reporting

Midstates Petroleum (Midstates) is an upstream company focused on the acquisition and development of domestic oil and gas properties. Initially recapitalized with private equity capital from a major private equity group, Midstates’ management team engaged Opportune to manage the financial reporting aspects of its initial public offering (IPO) process. Having worked on and managed hundreds of SEC filings, Opportune’s management team is very familiar with IPO timelines. Opportune collaborated with […]

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