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Energy Sector

Midstream

We know midstream oil and gas.

Growth in domestic unconventional crude and natural gas has created vast opportunities for the U.S. midstream petroleum sector.

We are trusted operations experts.

Our professionals assist midstream companies and their partners to attain growth and operational efficiencies by providing services for their finance, operations and technology functions.

We provide sector specific analysis.

Our experience includes working with clients in the storage, processing, and transportation of petroleum products, as well as companies that specialize in operating tanker ships, pipelines, or storage facilities.

Case Studies

MIDSTREAM: OUTSOURCING: TRAVERSE MIDSTREAM: FINANCIAL REPORTING & COMPLIANCE

Opportune’s Outsourcing professionals were engaged by the client to provide back-office accounting, including accounts payable, treasury and financial reporting. Opportune’s Complex Financial Reporting team provides technical accounting insights related to the Company’s debt and how it should be re... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: UNDISCLOSED: DATA SYSTEM CONVERSION

Opportune was engaged in March 2019 to lead a comprehensive data conversion project for Midstream Company’s lease crude gathering business in the Permian Basin. This project was multifaceted; not only were data systems being added and removed, business functions and resources were being relocated f... [...]

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MIDSTREAM: VALUATION: TAX VALUATION IN CONNECTION WITH THE SALE OF ASSETS

Opportune was engaged by a midstream company to conduct a valuation, specifically an allocation of sale price, for tax purposes in accordance with Internal Revenue Code (“IRC”) Section 1060 in connection with the sale of their assets to a strategic buyer. In this case, the buyer and seller disagree... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: BUSINESS PROCESS & TECHNOLOGY STRATEGY DEVELOPMENT

Undisclosed Oil & Gas Co. (“Midstream Company”) is a diverse oil, gas and NGL gathering, processing, storage and transportation company with operations in five states. Midstream Company has grown organically and through several strategic acquisitions. [...]

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MIDSTREAM: ENERGY ADVISORY SERVICES FOR PRIVATE CAPITAL/VALUATION: VALUATION IN CONNECTION WITH SALE OF COMPANY

Private capital-sponsored midstream company (“the Company”) focused on crude oil gathering in Colorado. The Company engaged Opportune in 2018 to provide valuation services for tax purposes in connection with the sale of the Company. In connection with the sale of the Company, the buyer and seller c... [...]

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MIDSTREAM: RESERVE ENGINEERING & GEOSCIENCES: TYPE CURVE DEVELOPMENT & WELL PERFORMANCE REVIEW

A private equity-backed midstream company (“the Company”) selectively evaluates acquisition opportunities with an eye toward the strategic expansion of underutilized assets in both mature and emerging basins. Ralph E. Davis Associates (RED) professionals were hired by the Company with an oil gather... [...]

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MIDSTREAM: VALUATION: INTERNATIONAL BANK: VALUATION OF BUSINESSES & ASSETS

Opportune was engaged by an international bank serving as the agent for a lender group to conduct valuation analyses of two terminal facilities in connection with the renewal of an existing loan. The analyses included both the value of the terminals as businesses and the underlying tangible assets. [...]

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MIDSTREAM: OUTSOURCING: UNDISCLOSED: BACK-OFFICE ACCOUNTING SERVICES

Opportune’s Outsourcing professionals were engaged by an undisclosed U.S. midstream oil and gas company (“the Company”) to provide back-office accounting services, including accounts payable, treasury and financial reporting. Additionally, the team creates monthly financial statements and helps wit... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: UNDISCLOSED: PIPELINE ACCESS APPLICATION PORTAL ON SALESFORCE

Undisclosed Oil & Gas Co. (“Midstream Company”) is a publicly traded MLP in the pipeline transportation, marketing and storage business. Looking to drive process efficiency and data standardization, Midstream Company engaged Opportune to streamline and automate their pipeline access application pro... [...]

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MIDSTREAM: RESERVE ENGINEERING & GEOSCIENCE: GREENFIELD MIDSTREAM: TECHNICAL DUE DILIGENCE/ACQUISITION

In late 2017, Ralph E. Davis Associates was engaged by Greenfield Midstream to perform technical due diligence for a midstream project in the DJ Basin in Colorado. Upon completion of the work, Greenfield Midstream partnered with Noble Energy to form a joint venture, Black Diamond Gathering LLC, and... [...]

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MIDSTREAM: RESTRUCTURING: SOUTHCROSS CHAPTER 11 FILING

The Term Loan B lenders for Southcross Holdings LP, a midstream company with facilities and pipelines in south Texas, Mississippi, and Alabama, engaged Opportune to assist in operational analysis and advise on the ensuing restructuring of the company. Opportune served as the financial advisor and a... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: MERGER INTEGRATION SERVICES

A large midstream natural gas gathering and processing Master Limited Partnership (Company) acquired three diverse companies for $8 billion in a matter of four months. Company was faced with completing Day 1 and long term integration activities covering commercial, operations, accounting, IT, lega... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: CRUDE FIRST PURCHASER PROCESS & SYSTEMS STRATEGY AND IMPLEMENTATION

Company is a publicly traded Master Limited Partnership formed by the merger of two midstream companies. Company owns and operates approximately 9,000 miles of gathering and transportation pipelines, 13 gas processing plants, seven fractionators, as well as barge and rail terminals, product stora... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY AND COMPLEX FINANCIAL REPORTING: PROCESS DOCUMENTATION

One of the largest natural gas, oil, and NGL midstream MLPs in the United States (Midstream MLP) has grown rapidly through acquisitions and organic growth. The resulting structure includes multiple publicly trading entities, over 500 legal entities, and dozens of joint-ventures. Consolidations an... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: ADAPTING TO CHANGE & IMPROVING LONGSTANDING OPERATING MODELS

A preeminent natural gas and NGL gatherer, processor and marketer (the Company) in the United States had grown significantly as the onshore shale drilling industry flourished. The Company’s business processes, systems and organization were challenged by the unprecedented growth in volume, complexi... [...]

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MIDSTREAM: PROCESS & TECHNOLOGY: SYSTEM INTEGRATION

An oil and gas midstream company (the Company) headquartered in Dallas, Texas, with midstream assets in Texas, Louisiana, and Marcellus regions, acquired natural gas assets in September 2014. The $235 million acquisition included 1400 miles of intrastate and interstate natural gas pipelines and 11 ... [...]

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MIDSTREAM: CORPORATE FINANCE: VALUATION SERVICES

In 2008, Flatrock Energy Advisors LLC and EnCap Investments L.P. joined together to create EnCap Flatrock Midstream (“EnCap Flatrock”), a private equity firm dedicated to invest in the midstream sector of the North American energy industry. Today EnCap Flatrock has more than $3 billion in total ass... [...]

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