Investment & Acquisition Support
Pre-Close
Back-Office Outsourcing
Opportune’s oil and gas outsourcing services provide our clients with improved efficiency in the daily business of transactional processes and reporting, allowing them to focus on operations, strategic planning and business plan execution. In a time when efficiencies are a must, outsourcing is a perfect solution that provides reliability and continuity.
Below are solutions we routinely offer clients:
- Transaction reporting
- Revenue distribution
- Land administration and property reporting
- Joint interest billing
- Accounts payable/receivable
- Cash management
- Production allocation and reporting
- General ledger and financial reporting
- Income tax compliance and financial reporting support
- Software systems
Acquisition Due Diligence
Opportune’s transaction advisory consultants are industry experts with a wealth of knowledge and experience in all things energy, including mergers and acquisitions, tax structuring and complex debt and equity infusions of capital. We are well-versed in the technical aspects of all forms of financial transactions involving the energy sector, including asset and corporate merger transactions, as well as joint venture and structured finance arrangements.
Here are a few of the aspects of pre-acquisition diligence solutions we deliver:
- Acquisition model support
- Quality of earnings
- LOS review
- Material contract review (JOAs, marketing, MVCs, etc.)
- Contingent liability review/analysis
- Asset retirement obligations (ARO)
- Management team structure/analysis
- Land and Lease Management (i.e., position, zone severance, drilling commitments, etc.)
Transaction Structuring
Opportune Partners LLC is an independent investment banking and financial advisory affiliate of Opportune LLP, a leading global energy business advisory firm. Opportune Partners specializes in adding value to clients by leveraging our deep experience in restructuring, due diligence, tax advisory and valuation to provide expertise that drives transactional execution. Opportune Partners employs a team approach by applying all of our accumulated experience in investment banking to our clients, both large and small, listed and private, and domestic and international. With our operating and financial expertise we are able to help private equity firms achieve the following strategic objectives.
- Merger and acquisition advisory
- Capital advisory
- Equity and debt private placements
- Asset sales/purchases
- Fairness and solvency opinions
Post-Close: The First 100 Days
Asset & Business Integration
Project management and timing are critical to successful asset integration. There is a laundry list of activities that need to be accomplished correctly and within a set timeframe to ensure a smooth transition from negotiating and drafting a purchase and sale agreement (PSA) to post-acquisition activities, such as management and staffing. Here are the primary elements that directly impact the complexity of the cut-over:
- (Stage/life cycle) Start-up vs. existing organization
- Location of assets relative to existing portfolio
- Transition services agreement (TSA)
- Software and hardware
Hardware & Software Considerations
Our knowledge of leading software packages and ability to create custom development options ensure that we meet your functional requirements and operational expectations at every level. By combining our sound business analysis with your strategic vision, Opportune offers objective guidance with consistent, successful results. Extensive technical expertise, specialized to energy industry demands, also allows us to lead software integration across technologies. Our energy-focused approaches deliver high-performance solutions—swiftly and extensibly—with best-in-class outcomes.
Review of Asset Settlement Statements
One of our particular areas of emphasis and expertise has been on performing financial due diligence on upstream energy transactions. On these numerous client assignments, we confirm the conveyed interests, review the Purchase and Sale Agreement for potential financial recoveries, and validate the accuracy of the settlement statement. After the transaction is completed, we have the unique ability to outsource the back-office financial reporting and land administration so that management can keep the focus on operations.
Purchase Price Allocation
Our team identifies and estimates the fair value (as defined in ASC Topic 820 – Fair Value Measurements and Disclosures) of tangible and intangible assets and liabilities acquired in either a single reporting unit or multiple reporting units. We have expertise in estimating the fair value of contingent consideration at the initial measurement date, as well as subsequent measurement dates. We provide purchase price allocation services both in a pre- and post-deal context.
