OPEC Decision Brings Welcome Relief to US Operators: Financial Times Talks to Opportune

OPEC DECISION BRINGS WELCOME RELIEF TO US OPERATORS Share prices rise but fragile balance sheets could temper production increases By Ed Crooks in New York December 1, 2016 Financial Times The agreement by Opec, the oil producers’ cartel, to cut output has been welcomed in the US industry as a godsend for hard-pressed production and service companies. But many groups are still expected to be cautious about stepping up production, […]

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Bankruptcy consultants have their hands full–Q&A: Bryan Gaston

Opportune’s Bryan Gaston speaks with the Houston Chronicle… The ongoing oil bust has left the energy sector deeply wounded, but business is booming for Bryan Gaston, who joined Houston-based energy consulting firm Opportune a year ago. Gaston is a managing director focused on corporate restructuring—mostly bankruptcies—in the oil and gas sector. About 230 North American energy companies have filed for bankruptcy since the beginning of 2015, and nearly half of them are […]

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Energy Executive Compensation: The Growth of TSR Plans

“By assessing performance relative to peers, a Total Shareholder Return plan normalizes the measurement to remove the effects of conditions affecting the entire industry. It places less focus on short-term stock price swings and requires sustained performance over time.” – said Opportune’s Shane Randolph and Petar Tomov in Oil & Gas Investor…see below to read the full article. During the most recent energy downturn, many companies are considering how to best […]

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Gauging the pressure: The state of distressed debt and bankruptcies in US oil & gas

Opportune’s Ryan Bouley speaks with Debtwire… Debtwire: The pace of Chapter 11 filings by US oil & gas companies has slowed since the start of 2016. But do you think another wave of bankruptcies could be looming? If so, what could be the catalyst, besides a sudden drop in energy prices? R. Bouley, Opportune: We’ve already seen quite a few bankruptcy filings by oil and gas firms – there have been more […]

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Opportune Tech Talk – the latest SAP HANA release and Oil & Gas

Last week SAP announced the availability of their S/4 HANA 1610 release. Why is this significant to the oil and gas sector? Well, S/4 HANA 1610 is the first full S/4 HANA release to include the oil and gas-specific functionality of the IS-OIL industry solution. Opportune joined SAP, SAP oil and gas operators and partner firms to get a deeper insight into what to expect from this release, what is still to […]

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Oil, Natural Gas Futures Slide, As OPEC And Inventories Weigh On Traders’ Minds

Opportune’s Shane Randolph weighs in with TheStreet… Click for the full article Consequently, commodities investors looking for direction on both oil and gas prices may have to settle for a meandering market for both energy sources going forward, experts contacted by TheStreet say. “The only thing for sure is that oil and gas prices will go up and they will go down,” says Shane Randolph, managing director at Opportune Consulting, in […]

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Are investors regaining an appetite for US oil? Financial Times talks to Opportune

INVESTORS REGAIN APPETITE FOR US OIL by Ed Crooks and Eric Platt in New York October 12, 2016 Financial Times Signs of a bullish turn in sentiment are emerging as companies tap debt and equity markets Investors are regaining their appetite for riskier US oil and gas assets, as the rebound in crude prices bolsters hopes that the industry faces a brighter long-term future. Signs of a bullish turn in […]

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Predicative Maintenance: Making Data Work For You

Click here to view the full article The Answer is Hidden in Plain Sight “So come close…because the closer you think you are, the less you’ll actually see…the easier it will be to fool you.” The movie, “Now You See Me,” provides excellent insight into how businesses today focus on data and systems. Complex interwoven processes and systems, audit requirements and Sarbanes-Oxley compliance have businesses hyper-focused on intricate details. Heightened regulations increasingly emphasize capturing more detail at […]

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Are Presidential Hopefuls Ignoring Real Issues of Renewable Fuels?

Click here for the full Fuelfix article The debate over policy governing renewable fuel requirements has intensified recently. Powerful interest groups have ignited a divisive battle to influence policy-makers. When it comes to this year’s election, renewable fuels continue to be well-supported, but policy mandating the use of those renewable fuels in gasoline remains to be seen. The Renewable Fuel Standard (RFS) mandates biofuel volume requirements in fuel. Aside from the […]

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Financial Hardship, Opportunity with Low-Priced Used OFS Equipment

Click here for the full Rigzone article “Low prices of crude oil and natural gas (even with West Texas Intermediate near $50 per barrel) have placed a choke hold on exploration and production activities in the United States, causing a rapid decline in rig count and oilfield operations. As this decline has occurred, oilfield services (OFS) companies have experienced increasing economic hardship, forcing some to reorganize their capital structure and others […]

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