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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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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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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M&A: A Deal’s Details

By Paul Legoudes, in Midstream Business In the higher commodity price environment of 2010 to 2014, upstream companies either sold gathering systems to raise capital and/ or incentivized midstream companies to construct assets on their behalf. This typically resulted in long-term agreements that included such terms as minimum volume commitments (MVCs), dedicated acreage and, in some cases, guaranteed cash flow. At the time, both the E&P and midstream companies benefited from the […]

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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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