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Attention Wind Farm Owners: Derivative Accounting and Dodd-Frank Reporting Considerations You Should Know

September 19, 2017

With a lack of traditional utility power purchase agreements available to meet demand, wind project sponsors have turned to corporate PPAs and other hedging alternatives to secure predictable cash flows. Depending on the structure, these agreements can lead to derivative accounting, trigger Dodd-Frank reporting requirements, or both. The following discusses what each of these agreements represent and the associated derivative accounting and Dodd-Frank implications. What is a PPA? A power purchase agreement […]

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Leading Practices for Integrating ETRM & ERP Systems

September 14, 2017

Introduction Managing commodity supply and trading operations in a volatile marketplace often demands the flexibility of purpose-built commodity trading and risk management systems with powerful position/exposure reporting capability. In today’s regulatory environment, the robust financial controls afforded by a tightly integrated record-to-report process are a necessity. Leveraging leading practices for ETRM solution integration with ERP back office systems enables energy companies to achieve quick time-to-value, manage implementation risk, and optimize […]

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Houston Business Journal: Houston businessman, EY make lead gifts to Texas A&M campaign

September 12, 2017

By Olivia Pulsinelli, reporter for Houston Business Journal A Houston businessman gave one of two lead gifts to a campaign aiming to rename the accounting department at Texas A&M University’s Mays Business School. David Baggett, founder of Houston-based Opportune LLP, and his wife, Denise, gave $2 million to Texas A&M Foundation for the $10 million fundraising campaign. Ernst & Young also committed a lead gift of the same amount. In August, the university system’s board […]

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Opportunities and Challenges of the New Hedge Accounting Rules Webinar

September 11, 2017

Join us for a live webinar discussing the changes to hedge accounting rules under US GAAP.  We will discuss how the accounting standard changes will provide a number of opportunities and reduce the administrative burden of electing hedge accounting.    Opportunities and Challenges of the New Hedge Accounting Rules September 26, 2017 11:00 AM CDT CPE Credits: 1 hour Click here to Register!  Participants joining the webinar will: *   Learn […]

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College Station, TX, USA - April 3, 2015: An entrance to Texas A&M University. Texas A&M University is a public research university located in College Station, Texas.

Mays Business School Receives Lead Gifts in Department of Accounting Naming

September 7, 2017

By Texas A&M Foundation The Texas A&M Foundation has received two lead gifts totaling $4 million in a $10 million fundraising campaign to name the Department of Accounting in honor of James J. Benjamin in Mays Business School at Texas A&M University. David Baggett, a 1981 graduate of the university with a degree in accounting, and his wife Denise have committed $2 million to the campaign. Ernst & Young has […]

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Opportune Quarterly Review: EMEA Q2 2017

September 6, 2017

The 5 Themes that are Shaping the Industry This is the first edition of the Opportune Quarterly Review for EMEA. We aim to provide a periodic review of the trends and companies that are shaping the EMEA Oil & Gas middle market. Methodology of the Review The analysis outlines key industry trends grouped in 5 themes: Mergers & Acquisitions and Portfolio Optimization Production Outlook Capital Spending and Cost Control Development […]

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Hurricane Harvey: Helpful Information 9-1-17

August 28, 2017

Updated as of 4:08pm on Friday, September 1, 2017 Dear Family and Friends of Opportune, Below you will find information that could be helpful to those in need: Texas Department of Insurance: Help after Harvey NFIP Flood Insurance Claims Handbook FEMA debris removal guidelines Recent weather updates  Emergency shelter information Important phone numbers/FEMA High water locations Houston TranStar traffic map Voluntary and mandatory evacuation areas  HOW TO HELP at George […]

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What You Should Know About the Department of Energy’s New Report on Electricity Markets & Reliability

August 25, 2017

In a recent federal report published by the Department of Energy (“DOE”) on August 23, 2017, titled “Staff Report to the Secretary on Electricity Markets and Reliability,” Energy Secretary Rick Perry discusses in his cover letter a need to keep the electric grid reliable and resilient for the American people now and in the future. The report assesses power plant retirements, reliability and resilience, wholesale electricity markets, affordability, policy recommendations, […]

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Women’s Energy Network Profile: How Do You Balance Work and Life?

August 17, 2017

Link Opportune is a proud National Sponsor of the Women’s Energy Network. Opportune Managing Director Deanna Young is currently featured on the organization’s website, along with her article on work-life balance. See below to read the full article. Throughout the various stages of my life, like many professional women, I often revisit the question – how can I find balance between the demands of my work, family, and self?  We’re expected to […]

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Improving Your Odds of Success: Top 5 Factors

August 15, 2017

By Lynell Rogeri, Managing Director Organizations undergo change for many different reasons; albeit some are more voluntary than others.  Whether the change is driven by an internal desire to transform itself or pressure from the market to better compete, most large change programs have a high risk of failing. Studies by well-known change practitioners, strategy firms and academics have reported anywhere from 50% to 70% of large change efforts fail.  […]

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Blockchain Technology — The Hype and the Hope

August 10, 2017

TECHNOLOGY HAS THE POTENTIAL TO TRANSFORM BUSINESS TRANSACTIONS By Shane Randolph, Opportune LLP, Houston By Jim McBride, QSTAR LLC, Houston IMAGINE A CRUDE OIL producer selling its production directly to a refiner without any intermediaries and never knowing who the buyer is. Imagine the most common method of executing commodity derivative agreements is without a bank, exchange, or broker. Imagine a power plant purchasing natural gas without engaging a wholesale […]

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Newsbase: Turkmenistan’s Floundering Offshore Strategy

August 8, 2017

Published by FSUOGM – Former Soviet Union Oil & Gas Edited by Joseph Murphy Commentary by Mauro Fiorucci, Director  A lack of market access and a restrictive investment climate have blighted development in the Turkmen sector of the Caspian Sea The Turkmen section of the Caspian Sea contains around 1.1 billion barrels of liquid hydrocarbons and 255 bcm of natural gas in proven and probable reserves, according to a 2012 […]

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U.S. News & World Report: Investors Wait for Oil Stocks to Rebound

August 1, 2017

The sector has continued to weather a funk and analysts express bearish feelings. By Lou Carlozo, Contributor | U.S. News & World Report Commentary by Josh Sherman, Partner Also reported by Yahoo! Finance Assuming the 1960s sitcom “The Beverly Hillbillies” got a 2017 reboot, and good ol’ Jed Clampett were to stumble on “a-bubbling crude,” it’s not a stretch to think he’d just mosey on by that oil and look instead for […]

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Opportune Adds Jim Allen as Managing Director

July 31, 2017

Reported by Oil & Gas Financial Journal, Citybizlist: Houston and Denver Business Journal Opportune LLP, a leading global energy consulting firm, today announced that Jim Allen has joined the firm as Managing Director with the Complex Financial Reporting practice. Based in Denver, Jim will focus on technical research and documentation, SEC reporting, capital market transactions, financial planning and analysis, mergers and acquisitions and financial due diligence. Jim previously served as CFO and […]

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LNG Trading – Establishing and running a successful LNG portfolio

July 27, 2017

Event Date: June 6, 2017 Location: London Event Link Last month Opportune LLP in partnership with international law firm Orrick, Herrington & Sutcliffe LLP hosted a briefing with industry leaders to discuss how to establish and run a successful LNG portfolio. “The LNG market is maturing with a growing role of intermediary players and emerging market buyers and a growing importance of hub market prices as a benchmark from which […]

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IPO Roundtable Discussion: How to Successfully Take Your Energy Company Public

July 26, 2017

By Amy Stutzman, Managing Director, Opportune LLP With the equity markets expected to strengthen in the first quarter of 2018, energy companies are preparing for anticipated initial public offerings. So, what are the key concerns of management teams planning to go public? This topic was discussed at recent roundtables hosted by Opportune in conjunction with Nasdaq and Lockton Partners in Denver, Houston and Tulsa.  Executives from both public and private […]

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The Impact of Hedge Accounting Rule Changes on Commodity Hedgers: A Four-Part Series

July 20, 2017

by Shane Randolph, Managing Director at Opportune On September 8, 2016, the FASB issued a proposed Accounting Standards Update (ASU) specifically targeting adjustments to the accounting guidance for hedging activities. The Exposure Draft seeks to make several targeted improvements based upon feedback received from prior proposals and Board deliberations. Click below to find out more Part I: Hedge Accounting Under the Current Model Part II: Hedge Accounting Challenges for Commodity […]

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IRPC Americas ’17: IMO 2020 panelists advocate bunker sulfur removal “at the source”

July 19, 2017

By Adrienne Blume, Executive Editor Commentary by Phil Steed, Managing Director & Panelist On Day 1 of Gulf Publishing Company’s International Refining and Petrochemical Conference (IRPC) Americas 2018, Hydrocarbon Processing Technical Editor Bob Andrew moderated a late-morning panel discussion on IMO 2020 regulations. The panel examined the feasible options for lower maritime sulfur emissions. Some of these options include refinery upgrades, fuel changes, the installation of onboard scrubbing systems and the decision […]

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SPAC to the Future: Special Purpose Acquisition Companies in the Oil & Gas Capital Landscape

July 18, 2017

Special Purpose Acquisition Companies (“SPACs”) have always been a component of the oil and gas capital landscape.   Given the current tightness in the capital-raising environment and availability of quality assets for sale, SPACs have seen a resurgence of popularity.  Private equity funds and other financial investors are sponsoring well-known management teams to enter the public market expediently using SPACs. Special Purpose Acquisition Company A SPAC is a publicly-traded company that […]

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What Oil & Gas Investors Should Know About Master Limited Partnerships and Cancellation of Debt Income

July 13, 2017

Due to the downturn in energy prices experienced in recent years, the bankruptcy of companies in the oil and gas industry has unfortunately become a frequent headline.  The bankruptcy process is complicated for all parties involved, which creates a ripe environment for unseen consequences and negative surprises.  One such issue that has caught some investors off guard is the cancellation of debt income recognized by master limited partnerships. Master Limited […]

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2017 TSCPA Oil and Gas Institute

July 11, 2017

Event Date: July 17, 2017 Location: Dallas, Texas Event Link Opportune is a proud Platinum Sponsor of the 2017 TSCPA Oil and Gas Institute. Opportune Managing Director, Wade Stubblefield, will be will be speaking on IPO Readiness. Learn more about key financial statement considerations and SEC hot buttons to consider when preparing initial offering documents.

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What’s New for Goodwill Measurement?

October 19, 2017

There are positives and downsides of the new FASB amendments By Kevin Cannon, Opportune LLP, Houston IN JANUARY 2017, the Financial Accounting Standards Board (FASB) issued amendments to its Accounting Standards Codification Topic 350, Intangibles: Goodwill and Other (ASC 350). ASC 350 describes the procedures to be taken to test goodwill (the excess of consideration paid for a business above the fair value of its identified tangible and intangible assets […]

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3 Ways an Energy Consulting Firm Can Add Value to Financial Reporting Teams

October 18, 2017

An energy consulting firm can add value to your business in both energy industry expertise and subject matter expertise. Financial management consultants can help your business research and document solutions to complex financial reporting issues. TECHNICAL ADVISORY Financial management consultants are well versed in the financial statements and footnotes for both public and private companies. They are able to help with quarterly and annual SEC reporting topics such as preparation […]

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October 13, 2017

Event Date: November 6 – 8 , 2017 Location: Denver, CO Event Link Opportune is serving as a gold sponsor of the aicpa oil and gas CONFERENCE. Opportune partner, Carl Wimberley, and managing director, Wade stubblefield will both be presenting.

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OSU School of Accounting will host annual accounting conferences in next month

October 13, 2017

Tulsa Business & Legal News The School of Accounting at Oklahoma State University will host the 13th annual Oil and Gas Accounting Conference and the 17th annual Accounting and Financial Reporting Conference Nov. 16-17 at the DoubleTree Hilton Hotel, 616 W. Seventh St. “The School of Accounting is thrilled to bring these industry experts to Oklahoma and the accounting and business community,” said George Krull, interim head of the School […]

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2017 A&D Strategies and Opportunities Conference and Workshop

October 4, 2017

Event Date: October 12-13, 2017 Location: Dallas, TX Event Link A&D Strategies And Opportunities Conference and Workshop Here’s why you won’t want to miss it: This is the #1 gathering place for BD executives, A&D professionals and dealmakers. Oil and Gas Investor’s A&D Strategies and Opportunities Conference & Workshop provides uniquely robust conference sessions and targeted networking opportunities.  It brings buyers and sellers together in a collaborative environment where deals get done. With […]

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AFP 2017 Conference

October 4, 2017

Event Date: October 15-18 Location: San Diego, CA Event Link Opportune will be exhibiting at the AFP Conference. Come see us at Booth #1348!

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