03/10/2010

OPPORTUNE LLP ACQUIRES PETROACCT, L.P.

April 30, 2009

Houston, Texas – Opportune LLP announced today that it has acquired PetroAcct L.P., leading provider of back office outsourcing services and land administration outsourcing services to the oil and gas industry. PetroAcct, which just celebrated its 10th year in business, currently provides services to approximately 150 companies, privately owned as well as publicly traded, located throughout the United States and internationally.

David C. Baggett, Managing Partner of Opportune LLP, said “Both major and independent oil and gas companies rely upon outsourcing to provide cost savings, greater efficiency and improved profitability. We are pleased to now be able to provide outsourcing services to our growing list of clients.”

Jim Boney, founder of PetroAcct, will remain as its President. Jim Boney said, “When a team of highly specialized experts handles the everyday back-office operations, management can focus their time and efforts toward acquisition, exploration and production, while still being confident that they are receiving reliable, individualized finance data. We look forward to growing with Opportune and being a part of their expanding list of services.”

Opportune LLP is a Houston based consulting firm specializing in assisting energy clients with corporate finance, business process improvement, complex financial reporting, information systems and outsourcing. For more information on Opportune LLP, please visit our website at www.opportune.com. For more information on PetroAcct, please visit our website at www.petroacct.com.

Contact: David C. Baggett Jim Boney
  Opportune LLP PetroAcct, L.P.
  dbaggett@opportune.com jboney@petroacct.com
  713-490-5050 713-772-0664

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