Opportune Acquires Ralph E. Davis Associates
Released on March 9, 2015
HOUSTON – Opportune LLP announced today that it has acquired Ralph E. Davis Associates, one of the industry’s more respected independent petroleum engineering firms. Established in 1924, Ralph E. Davis performs petroleum engineering and geological studies (both domestic and international), independently certifies reserve reports, provides acquisition/divestiture support, and prepares technical financial analyses for use in litigation and regulatory hearings.
“Ralph E. Davis Associates, LP has stood for excellence in petroleum engineering for over 90 years,” stated David Baggett, Managing Partner of Opportune LLP. Mr. Baggett added, “We are excited to offer this new set of capabilities to our client base. Now Opportune, through Ralph E. Davis, can prepare independent reserve certifications and perform engineering and geological studies for field development, transaction due diligence, valuation or dispute resolution.”
“Our client-centric focus meshes well with Opportune,” said Allen Barron, President of Ralph E. Davis Associates, LP. He added, “Our combination will provide us increased capabilities to assist our collective clients and more opportunities for our employees.”
Opportune will keep Ralph E. Davis Associates, LP in a separate legal entity and maintain the long-established name. Mr. Barron will remain President of Ralph E. Davis Associates, LP.
Opportune LLP is a leading international energy consulting firm specializing in assisting clients across the energy industry, including upstream, midstream, downstream, power, commodities trading and oilfield services. Opportune’s service lines include: complex financial reporting, corporate finance, dispute resolution, enterprise risk, outsourcing, process and technology, process engineering, reserve engineering and geosciences, restructuring, strategy and organization, and tax. For more information on Ralph E. Davis Associates, LP, please visit our website.