How to Identify Critical Vendors in a Ch. 11 Reorganization

By Gregg Laswell Value of Determining Critical Vendors As defined in bankruptcy lexicon, critical vendors are those that are vital to a Debtor’s continued operations. A critical vendor provides goods or services that cannot be easily and efficiently replaced, or rather a vendor with a specialized skillset, mandatory safety certification or proprietary product whose discontinuation of service would have a significant negative impact on a Debtor’s operations. Correctly identifying critical vendors […]

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Dynamically Scaling Resources: How to Save 60% on Costs with Cloud Hosting for Allegro

By Tandy Lofland, Mark Swann, Jason Ewton & Charlie Palmer Reducing Cloud Hosting Costs for Allegro with Dynamically Scaling Resources With the increasing popularity and availability of cloud computing in today’s business marketplace, many companies are considering cloud hosted solutions as opposed to the more traditional option of managing servers in-house.  Coupled with high reliability, a cloud server grid offers the benefit of having complete control over creating, starting, stopping, […]

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Royalty Motion Best Practices: The Lease Operating Expense (“LOE”) Dilemma

By Gregg Laswell Royalty Order Introduction The Royalty Motion, or the Oil & Gas Obligations Motion, is a critical filing for exploration and production companies entering a Chapter 11 Restructuring. This Motion requests permission for the Debtor to pay outstanding pre-petition obligations for the following oil and gas industry-specific expenses: royalty and working interest obligations, joint interest billings, transportation costs, lease/land rights maintenance costs, and in some cases, lease operating expense […]

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How Can a Consultant Assist a Law Firm with a Client in Transition or Distress?

By Lyle Bauck and Ryan Bouley Law firms are regularly called upon to assist companies during critical times.  This may be when a company is in a difficult situation such as financial distress, or perhaps under rosier circumstances when there is a major transitioning event like a sale, merger or initial public offering. While law firms play a crucial and significant advisory role, consultants bring to the professional services group […]

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What Oil & Gas Companies Should Know about Cost Transparency in Physical Trading

By: James Morgan Cost Transparency in Physical Trading In this period of depressed commodity prices, it is more important than ever for oil and gas companies to manage their transportation-related costs.  As margins shrink, the need to stay up to date on the costs of a movement becomes critical.  Many oil and gas companies are taking advantage of geographic arbitrage opportunities to maximize their profits; however, geographic arbitrage strategies typically require […]

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Unconventional Resources: The Future of Hydrocarbon Production in the Energy Industry

It’s no secret that conventional hydrocarbon production has become overshadowed by the massive advance of changes in technology and influx of capital, especially in North America where unconventional resource plays are becoming the essential driver of production gains for companies in the energy industry. The term unconventional refers to reservoirs that are generally difficult to develop, require large stimulation treatments and/or enhanced recovery techniques in order to produce and recover […]

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Oil and Gas Industry Offers Affirmation to Career Hopefuls

Hopeful Graduates Consider the engineering graduate hoping to land an E&P job. Or the business student striving to score a position as an energy trader. Prior to the third quarter of 2014, energy career hopefuls like these successfully flooded the oil and gas job market due to industry stability and growth that existed for the better part of a decade. However, during the last two-plus years, college graduates have faced one […]

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Top 5 Technology Trends for Utilities in 2017

The utility industry has historically been viewed as conservative, traditional and slow to adopt leading business practices and technology solutions.  In recent years, this has been changing with ever-increasing momentum.  Today, it is not uncommon to see utility companies adopting cutting-edge, customer-facing solutions, leveraging highly capable field service technologies and experimenting with advanced business intelligence capabilities.  Utilities have quietly been rolling out extensive Internet of Things (IoT) platforms for many […]

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European Refining–Part III, Alternatives to M&A and the Rise of the Asset-backed Trading Model

There is money to be made in European refining after all, but it is not really about the refinery, is it?      Introduction Market conditions confront European refiners with a complex set of challenges, and not all of them are well-equipped to survive. Opportune LLP (“Opportune”), a leading international energy consulting firm, examines the complex dynamics of the European market and the long-term outlook for the refining industry in Europe. […]

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Recruiting Millennials: Will the Wells Soon Run Dry of Talent in the Oil & Gas Industry?

Most news headlines and lobbying positions in the political arena have focused recently on the extensive layoffs in the oil & gas industry. The seemingly endless supply glut and downward pressure on oil prices have taken their toll to the tune of hundreds of thousands in job cuts in the industry. But another issue lies in wait, grown of the current economic climate—recruiting the next generation. The oil and gas […]

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