Steve Hendrickson Joins Ralph E. Davis Associates as President

Reported by Dallas Business Journal, Hart EnergyHouston Business Journal, MarketWatch and Pipeline Oil & Gas Magazine

Ralph E. Davis Associates (“RED”), an Opportune LLP company, is pleased to announce that Steve Hendrickson has joined RED as President.

Mr. Hendrickson has over 30 years of professional leadership experience in the energy industry and has led billions of dollars of technical evaluations and oil and gas transactions. Mr. Hendrickson has a proven track record of managing financial and technical teams to add value through acquisitions, reserves engineering, technical evaluations and energy finance.

“We are delighted to have Steve join the RED team. Steve’s deep professional expertise in reservoir and reserves engineering, technical evaluations and transactional advisory will add tremendous value for our clients in his new leadership role with us,” said Carl Wimberley, Opportune’s Partner in Charge of Upstream Services.

Previously, Mr. Hendrickson was Principal of Hendrickson Engineering LLC. In this role, he led and provided technical field studies, asset appraisals, reserves reporting and advisory related to acquisitions and divestitures.

“RED is widely recognized as an industry leader for providing independent petroleum reservoir engineering services to the energy space. I’m looking forward to working with the RED team and the Opportune organization to ensure RED upholds this tradition and continues to add value to clients,” said Mr. Hendrickson.

Opportune acquired RED, one of the industry’s most respected independent petroleum engineering firms, in 2015. Established in 1924, RED performs petroleum engineering and domestic and international geological studies, independently certifies reserve reports, provides acquisition/divestiture support, and prepares technical financial analyses for use in litigation and regulatory hearings.

Mr. Hendrickson is a licensed professional engineer in the state of Texas and holds an M.S. in Finance from the University of Houston and a B.S. in Chemical Engineering from The University of Texas at Austin. He currently serves as a Director of the Society of Petroleum Evaluation Engineers.

About Opportune

Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services. Opportune’s service lines include: complex financial reporting, dispute resolution, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organization, tax, transactional due diligence and valuation. For more information on Opportune, please visit our website at www.opportune.com.

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