A publicly traded Pittsburgh-based upstream production company (“the Company”) is currently the largest natural gas producer in the U.S., with a lengthy history in the Appalachian Basin. In the middle of 2021, the Company engaged in the entity acquisition of an upstream E&P company (“the Seller”), which was valued at roughly $2.9 billion and produces roughly 1 billion cubic feet equivalent (Bcfe) of production per day.
The Company engaged Opportune LLP (“Opportune”) to lead the conversion of the Seller’s data into their existing hosted Quorum system. The scope of services performed included:
Opportune added value by utilizing extensive system integration experience to shift the legacy data from Seller A’s environment into the Company’s. Although the same system integration intuitively sounds straightforward, there is an extensive amount of transformation needed before any data is converted into the target environment. During a company purchase, data cleansing and transformation are integral to business process adoption between a buyer and seller. In working in conjunction with the Company and Quorum, the transformation of data from the Seller to the Company’s live environment was completed timely and accurately.
Opportune’s team of professionals had the depth of industry knowledge and energy expertise to ensure the successful completion of the Company’s entity integration. The team approach to solving the Company’s needs allowed for strategic support from all angles. We bring value to all our clients on M&A engagements through the timely execution of each critically important component that we are assigned. For information, 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