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Revolutionize Your Lease Crude Oil Operations with the Industry's Only Purpose-Built Cloud Solution for First Purchasers

Experience the Future of Lease Crude Gathering

CrudeConnect by Opportune is the industry's only cloud solution meticulously built for first purchasers in the crude oil market, designed to enhance operational efficiency, ensure compliance, and provide financial insights like no other. Distinguish your operations in the marketplace with our integrated approach to managing complex deals and meeting diverse state, federal, and tribal regulatory requirements, all within a high-volume transaction environment. Opportune provides the software, services, and cloud infrastructure for a complete end-to-end solution that enables First Purchasers to overcome their technology, regulatory, and labor challenges.

First Purchasing Industry Challenges

  • Technology: Navigating legacy systems like SAP PRA alongside custom applications, which often lack the flexibility and scalability required for modern operations let alone support as IT staff reach retirement.
  • Regulatory: Dealing with specific regional requirements such as Oklahoma's interest on suspense balances and compliance with ONRR and BIA regulations, which can be complex and demanding.
  • Labor: Facing an aging workforce and a competitive market with exploration and production companies for Division Order (DOI) personnel, making talent acquisition and retention difficult.
  • Service: Overcoming poor service from outsourcers that are often undersized, understaffed, and undercapitalized, which can hinder operational efficiency and growth.
First Purchasers

Core Features and Expertise

  • Specialized Industry Cloud Solution: Cloud solution for crude oil first purchasers, with 25+ years of expertise.
  • Complex Transaction Handling: Efficiently manages unique deals and complex transactions involving ONRR, BIA, units/tracts, and precise pricing.
  • Tax and Regulatory Automation: Sophisticated tax calculations and automated filing documents for oil-producing states. Handles PPAs and regulatory requirements at state, federal, and tribal levels.
  • High Ticket and Lease Volume Management: Manages high volumes of truck and pipeline tickets with AI-driven exception management and process automation.
  • Automated PPA Processing: CrudeConnect auto-generates PPAs, payment adjustments, and regulatory filings for various updates, ensuring compliance.
  • Seamless Integration: Integrates with bulk crude trading functions, ticketing, measurement systems, price index sources, RightAngle, SAP, and EnergyLink.
  • Owner Relations: Enhances stakeholder communication with customizable interfaces, real-time data, and automated email communications.
  • Back-Office Outsourcing Services: Offers outsourcing for transaction processing, royalty payments, suspense management, and 1099 generation, ensuring compliance and focus on core operations.
First Purchasers

Business Benefits

  • Purpose-Built System for Efficiency and Scaling with Growth: CrudeConnect, designed specifically for the crude oil market, drives business operations efficiency, allowing you to scale gathering volume without increasing headcount.
  • Cost Reductions: Cut costs on licensing, hardware, and support for systems like SAP-PRA, WolfePak, and legacy solutions.
  • Regulatory Compliance Ease: Regulatory-specific calculations and forms ensure accurate reporting and compliance, including PPAs.
First Purchasers

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Kurt King

Kurt King

Partner
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Aniq Ahmad

Aniq Ahmad

Managing Director & President of Outsourcing
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When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.

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