Shane Randolph: 2017 OSU Beta Alpha Psi Distinguished Alumni Award Winner

Congrats to Managing Director Shane Randolph on being selected as the 2017 Oklahoma State University Beta Alpha Psi Distinguished Alumnus! The School of Accounting thanks him for his continued support. Randolph is the 2017 recipient of the Beta Alpha Psi Distinguished Alumni award. As a Managing Director at Opportune, he assists companies and financial institutions throughout North America, South America, Europe and Asia-Pacific in their understanding of what is possible […]

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Chaparral Energy Successfully Emerges from Chapter 11; Company Eliminates $1.2 Billion of Outstanding Debt & Approximately $100 Million in Annual Interest Expense

OKLAHOMA CITY, March 21, 2017 (GLOBE NEWSWIRE) — Chaparral Energy announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. The company, whose financial reorganization plan was confirmed by the U.S. Bankruptcy Court of Delaware on March 10, converted $1.2 billion of pre-petition debt to equity and eliminated approximately $100 million of annual interest expense. “I would like to thank our lenders, noteholders, […]

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Beyond Kazakhstan’s Megaprojects

Commentary by Mauro Fiorucci in Newsbase A former consultant to Kazakhstan’s national oil company tells NewsBase why Kazakhstan has had little luck developing projects besides its largest three fields WHAT: Kazakhstan is becoming increasingly reliant on just a trio of oil projects to support its economy. WHY: Lacklustre exploration results and investment risks have deterred companies from exploring further in the country. WHAT NEXT: Oil production in Kazakhstan will continue […]

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Opportune LLP Talks ‘Top M&A Targets in 2017’ to U.S. News & World Report

Mergers and acquisitions have hit breakneck speed and the outlook remains strong for investors. By Lou Carlozo, U.S. News & World Report | Commentary by John Vanderhider, Partner & Corporate Finance Expert   One way to think of mergers and acquisitions invokes traditional metrics and flow-chart precision: Two companies meet, discuss, crunch the numbers and hopefully emerge as a stronger unit the moment they join forces, or one buys the other. But in […]

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Opportune LLP Announced as Winner of the 11th Annual Turnaround Awards

HOUSTON – The M&A Advisor announced that Opportune LLP, a leading international energy consulting firm, was named a winner of the 11th Annual Turnaround Awards. Opportune received two awards – Consulting Service of the Year and Out-of-Court Restructuring (over $100 million) for the restructuring and sale of Trans Energy, Inc. The awards will be presented at a black-tie gala on Thursday, March 23 at The Colony Hotel in Palm Beach, Fla. […]

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Oil Market Shrugs Off Iran Sanctions, Is Trading Up in Early February

With global oil supply tightening, oil traders aren’t too concerned about new sanctions on Iran. By Brian O’Connell, TheStreet New York Mercantile Exchange crude oil prices were up for the first week in February, and that positive trend has continued on Monday, with March futures trading opening at 53.81. April oil futures are also up, to 54.48, while May futures are trading at 54.99. With the Trump administration’s move to sanction […]

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Rosneft on the retreat in the Mediterranean

Western sanctions have upended one of Rosneft’s most promising ventures in Europe Written by Joseph Murphy, commentary by Mauro Fiorucci Russia ’s top oil producer, Rosneft, announced last week it would be offloading its remaining 12% stake in Italy’s Saras, the owner of the sixth biggest refinery in Europe. The rationale behind the move, according to Rosneft, was that Western sanctions had prevented it from pursuing its long-term plan to secure […]

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Opportune LLP Promotes Farhana Ahmed and Amy Stutzman to Managing Directors

HOUSTON – Opportune LLP, a leading international energy consulting firm, today announced the promotion of Farhana Ahmed and Amy Stutzman as managing directors of the firm. Farhana was previously a director with Opportune’s Restructuring practice. Her experience includes extensive strategic and advisory assignments with oil and gas clients. Prior to joining Opportune, Farhana worked as an energy investment banker at Goldman Sachs, a private equity investor at the Canada Pension […]

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Re-Energizing Companies in a Post-Restructuring World

Precipitous commodity price declines and high volatility, coupled with high operating costs and high levels of borrowing, led to a wave of restructuring in the energy industry. In the frenzy of restructuring, a company is consumed with legal issues, employee layoffs, salary cuts, asset sales, and workload reassignments, to name a few. When the company emerges out of restructuring, the focus turns to healing. This is not dissimilar to recovering […]

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