Adapt & Evolve: Navigating The ‘New Normal’

Listen to Opportune LLP Founder and Managing Partner David Baggett on Hart Energy's "PATH FORWARD" podcast series where he discusses how the oil and gas industry can adapt and evolve going forward navigating the "new normal". 

CLICK BELOW TO LISTEN TO THE Q&A VIDEO

"You're going to see fewer companies being backed by Private equity and more consolidation. You're going to see A continued focus less on growth and more on free cash flows and cost rationalization. There's going to be a new normal. It is a cycle and it will get better." 

- David Baggett, Founder and Managing Partner, Opportune LLP

 

COMPLEX FINANCIAL REPORTING
  • IPO readiness and execution
  • Share-based compensation
  • Structured transactions
  • New ASC pronouncements (i.e., revenue, leases, etc.)
  • Financial statement preparation
  • Debt and equity offerings
  • Asset retirement obligations
DISPUTE RESOLUTION
  • Assess financial mertis of a claim and develop financial models specific to it
  • Provide expert witness testimony
  • Analyze financial records and determine recovery strategies
  • Assist clients during negotiation of dispute at any stage
ENERGY SERVICES FOR PRIVATE EQUITY
  • Back-office outsourcing
  • Acquisition due diligence
  • Cash flow analysis verification
  • Operational/financial concerns
  • Transaction integration
  • IPO preparation and coordination
  • Management of audit and SEC process
  • Turnkey project management post-IPO
  • Outsourced internal audit
  • Tax advisory services
  • Financial modeling
  • Business process and technology
  • Quality of earnings statements
ENTERPRISE RISK
  • Compliance & joint venture reviews
  • Information technology risk assessments and process reviews
  • Foreign Corrupt Practices Act 
INVESTMENT BANKING
  • Merger and acquisition advisory
  • Capital advisory
  • Equity and debt private placements
  • Asset sales/purchases
  • Fairness and solvency opinions 
OUTSOURCING
  • Land administration 
  • Joint interest billing
  • Accounts payable/receivable
  • Production allocation and reporting
  • Revenue distribution
PROCESS & TECHNOLOGY
  • Business process review, improvement and documentation
  • Transaction integration
  • Software selection, conversion and integration and user acceptance testing
  • Infrastructure and security
 RESERVE ENGINEERING
  • Technical studies and reserve reports
  • Buy-side advisory
  • Sell-side advisory
  • Basin analysis and type curve preparation
  • Portfolio analysis and risk assessment
  • Management consulting and talent assessment
RESTRUCTURING & BANKRUPTCY
  • Financial and operational restructuring
  • CRO and interim CFO services
  • Debtor and stakeholder advisory
  • Litigation support and expert testimony
STRATEGY & ORGANIZATIONAL DESIGN
  • Business strategy
  • Organizational design
  • Corporate governance
  • Change management
TAX ADVISORY
  • Tax compliance and reporting
  • Business income tax planning
  • Capital markets and transaction support
  • Bridge tax management
TRANSACTIONAL DUE DILIGENCE
  • Quality of earnings assessments
  • Reserve engineering and geoscience assessments
  • Cash flow and acquisition budget analysis
  • Material business contract review
  • Information systems assessment
  • Verification of regulatory reporting compliance
  • Financial planning and analysis
  • Financial carve outs
  • Land due diligence supporting acquisitions, divestitures and RBL support
  • Tax compliance and exposure review and analysis
VALUATION
  • Purchase price allocations
  • Tangible and intangible assets
  • Goodwill and asset impairment tests
  • Fresh start valuation after restructuring
  • Stock and share-based compensation
  • Portfolio valuation
  • Tax allocations
  • Business and legal entity valuations
  • Deferred compensation
  • Gift and estate valuation

David Baggett

Managing PartnerOpportune LLP

Carl Wimberley

PartnerOpportune LLP

Steve Hendrickson

PresidentRalph E. Davis Associates

want more industry insights? subscribe below