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Energy Sector

Oilfield Services

We know oilfield services.

Our professionals have worked across the diverse spectrum of oilfield services.

From the inception of a well through final plugging and abandonment, we understand the importance of oilfield services to the overall energy supply chain.

We also know the demanding resource and competitive challenges that oilfield services encounter in the marketplace.

We know oilfield equipment.

Opportune has expertise working with companies that design, manufacture and distribute products used in the exploration, development, production and transportation of oil and natural gas.

We are transformation experts.

Opportune works to streamline the complex process of retrieving and organizing data for oilfield services.

Our experienced professionals advise and provide:

  • Operational Efficiencies
  • Complex Financial Reporting
  • Mergers & Acquisitions
  • Valuations
  • Tax Planning
  • Tax Compliance
  • Merger Integrations
  • Staffing
  • Technology

Case Studies

Upstream/Oilfield Services: Investment Banking: Turnbridge Capital: Fairness Opinion For Private Equity Portfolio Company Merger

Find out how Opportune Partners LLC added value by providing a fairness opinion for a private equity portfolio company merger. [...]

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OILFIELD SERVICES: RESTRUCTURING: UNDISCLOSED: CHAPTER 11 BANKRUPTCY

A large oilfield services and tool company (“the Company”) supplies a wide offering of rental equipment and services for drilling, completion and well control activities—serving a diverse base of oil and natural gas E&P operators. Opportune was engaged as Chief Restructuring Officers by the Company... [...]

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OILFIELD SERVICES: RESERVE ENGINEERING & GEOSCIENCES: TECHNICAL EVALUATION/DUE DILIGENCE

Ralph E. Davis Associates (RED) was hired by the Company, which was looking to acquire Salt Water Disposal (SWD) wells in the Utica play area in eastern Ohio. The Company was making an entry in the basin and hired RED to conduct a review of permitting and production activity adjacent to an acquisit... [...]

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Oilfield Services: Transactional Due Diligence: Quality Of Earnings Analysis

Find out how Opportune added value by providing the client with a detailed report documenting the results of our findings that provided sufficient information to make an investment decision. [...]

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OILFIELD SERVICES: RESTRUCTURING: RDT INC.: REORGANIZATION & SALE

RDT Inc., a supplier of oil/gas drilling tubular tools to operators and drilling contractors, engaged Opportune LLP to serve as Chief Restructuring Officer (“CRO”) and to evaluate and pursue strategic alternatives for the business in a highly distressed situation. Activities included cost savings i... [...]

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OILFIELD SERVICES: TAX: INDIRECT TAX COMPLIANCE

A global oilfield products and services company (the Company) based in Houston, Texas designs, manufactures and distributes products used in the exploration, development, production and transportation of oil and natural gas. The Company engaged Opportune’s tax team after recent growth due to multip... [...]

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OILFIELD SERVICES: COMPLEX FINANCIAL REPORTING: HEDGING WITH DERIVATIVES

An oilfield services company (OFS Co.), engaged Opportune for assistance with implementing hedge accounting for their Euro denominated revenue contract. OFS Co. was concerned a strengthening U.S. dollar (USD) would erode the margin budgeted for the revenue contract. Opportune provided guidance on ... [...]

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OILFIELD SERVICES: TAX

As part of an initiative to ensure continued compliance with all state and local taxing jurisdictions, a worldwide manufacturer and master distributing company (the Company) engaged Opportune to serve as its state and local tax function. At the conclusion of a nexus study and internal conversation... [...]

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OILFIELD SERVICES: COMPLEX FINANCIAL REPORTING: PROCESS & REPORTING ENHANCEMENT

During the first few months as the new Chief Accounting Officer (CAO) of a global gas compression services company (the Company), the CAO unknowingly reported inaccurate financial reports to the Company’s key stakeholders. These financial reports were the result of heavily dependent ad hoc and inco... [...]

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