A publicly traded North American exploration and production company (“the Company”) is one of Canada’s largest independent oil and natural gas producers with operations in North Dakota, Montana, Pennsylvania, and western Canada. Through the acquisition of a Texas-based oil and gas producer (“Seller A”), the Company expanded its asset portfolio and operated wells in North Dakota. During Opportune’s initial engagement to support this acquisition, the Company acquired additional assets in the Williston Basin from a separate global independent energy company (“Seller B”). This acquisition resulted in the Company further expanding its position in the Bakken.
The Company engaged Opportune LLP to assist with the conversion of Seller A and Seller B data onto their existing-hosted Quorum system. The scope of services performed included:
Opportune added value by managing two major integrations and data conversions, which were essential to the overall success of the Company’s acquisitions. Opportune’s experience with Quorum engagements allowed the team to actively conduct two asset integrations simultaneously. The conversion process required the migration of thousands of data points to Quorum applications via the use of dozens of conversion templates. All templates were reviewed and tested, and all have made it into the production environment. The Company is now operating with both Seller A’s and Seller B’s legacy data and the Opportune team was able to bring the combined projects to a close on time and on budget.
Opportune’s team of professionals had the depth of industry knowledge and energy expertise to ensure that the Company’s asset integrations were completed. The team approach to solving the Company’s needs allowed for strategic support from all angles. We bring value to our clients on all merger and acquisition engagements through the timely execution of each critically important component that we are assigned. For more information on our Transactional Advisory and Merger Integration services, CLICK HERE.
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.Leadership