Contact Us
Practice Area

Enterprise Risk

Opportune offers experienced insight and services that enable management to focus on increasing competitive advantage.

Enterprise risk control or enterprise risk management (ERM) is an integral part of any energy company’s success. Maintaining regulatory compliance and corporate governance is vital to retaining favor in the market and among shareholders.

Opportune helps advise energy companies with focused, timely and value-added solutions regarding compliance reviews and best practices. We guide clients on how to disrupt potential threats and turn them into opportunities.

Our multidisciplinary staff of IT and business process experts help our clients streamline data management in the most efficient way possible.

Case Studies

Opportune Partners LLC Renders Fairness Opinion To FAST Acquisition Corp. II In Connection With Falcon’s Beyond SPAC Merger

Find out how Opportune added value by advising the board and rendered a fairness opinion in connection with a SPAC merger. [...]

Read More

Opportune LLP Advises SCF Partners’ Investment In T.D. Williamson

Find out how Opportune added value by advising SCF Partners in its investment in T.D. Williamson, a leader in pipeline maintenance and integrity. [...]

Read More

Opportune LLP Advises Desert Peak Minerals, Falcon Minerals On Merger

Find out how Opportune added value to a merger transaction by combining the expertise of three different practice areas. [...]

Read More

Opportune LLP Supports PSS Industrial Group On Recapitalization Of Its Balance Sheet

Find out how Opportune recently supported PSS Industrial Group on the recapitalization of its balance sheet. [...]

Read More

Opportune LLP Implements RightAngle S21.1 Upgrade For Leading Midstream Company

Find out how Opportune added value to a leading midstream company by utilizing its experienced functional and technical resources to implement a RightAngle upgrade. [...]

Read More

Opportune LLP Implements RightAngle S20.1 Upgrade For Major Independent Refiner

Find out how Opportune added value to a major refiner by utilizing its experienced functional and technical resources to implement a RightAngle upgrade. [...]

Read More

Midstream: Process & Technology: ETRM – EDI Nomination Automation

Find out how Opportune added value to a midstream company by adding integration between the ETRM and intrastate pipelines for gas nominations. [...]

Read More

Midstream: Transactional Due Diligence: Quality Of Earnings Analysis

Find out how Opportune added value to a midstream company by providing a detailed report and supporting information to make an investment decision. [...]

Read More

Upstream: Transactional Due Diligence: Legacy Systems Replacement

Find out how Opportune added value to an upstream company by replacing its legacy custom systems and streamlined its business processes. [...]

Read More

Power & Gas: Process & Technology: M&A Asset Transition For A Private Equity Company

Find out how Opportune added value to a private equity company by leveraging its extensive experience handling IT and SCADA operations without impacting daily operations. [...]

Read More

Opportune LLP Provides Comprehensive Quality Of Earnings Review For A Solar Company

Find out how Opportune added value to a solar company by providing a detailed quality of earnings review in connection with an acquisition. [...]

Read More

Opportune LLP Implements RightAngle S20.1 Upgrade For Large Downstream Refiner

Find out how Opportune added value by utilizing its experienced technical resources to implement a RightAngle upgrade [...]

Read More

Upstream: Transactional Due Diligence & Software Implementation/Integration: Delaware Basin Acquisition

Find out how Opportune added value by assisting with financial due diligence and leading software implementation and conversion efforts in support of a Delaware Basin acquisition. [...]

Read More

Upstream: Transactional Due Diligence: Best Practices Assessment

Find out how Opportune added value to an upstream company by performing a best-practices assessment. [...]

Read More

Opportune LLP Leads Power M&A Asset Transition For Mid-Sized Private Equity Firm

Find out how Opportune added value to a mid-sized private company by providing deep knowledge of power plant IT, operational technology, power plant activities, and the solutions used to support those plant processes. [...]

Read More

Upstream: Reserve Engineering & Geosciences: Technical Review In Connection With Restructuring

Find out how Ralph E. Davis Associates (RED) added value to an upstream company by leveraging its deep technical and financial analysis. [...]

Read More

Upstream: Entity Data Integration: Appalachian Basin Acquisition

Find out how Opportune added value to an upstream company by leveraging its extensive data integration experience. [...]

Read More

Opportune LLP Provides IPO Readiness Advisory Services For Clean Energy Technology Company

Find out how Opportune added value to a clean energy technology company by leveraging extensive IPO readiness advisory expertise. [...]

Read More

Downstream: Process & Technology: M&A IT Transition

Find out how Opportune added value to a downstream company by providing deep knowledge of refinery yield accounting, downstream hydrocarbon supply chain, and commercial activities, and the IT solutions used to support those business processes. [...]

Read More

Downstream: Process & Technology: Refinery M&A IT Transition

Find out how Opportune added value to the M&A IT transition process by working with a downstream company to understand the critical pieces to get the business up and running before the first run of crude oil. [...]

Read More

Downstream: Process & Technology: Refinery M&A IT Integration

Find out how Opportune added value to a downstream refiner by completing an ETRM implementation and IT application architecture in an unprecedented span of 10 months for three refining assets. [...]

Read More

Midstream: Process & Technology: M&A Systems Integration

Find out how Opportune added value to a midstream company by leading systems integration work for a pipeline acquisition from an undisclosed seller. [...]

Read More

Midstream: Process & Technology: Data Conversion & Infrastructure Deployment In Connection With Merger

Find out how Opportune added value to the multi-functional effort of the midstream business combination. [...]

Read More

Upstream: Transactional Due Diligence: Acquisition Data Integration

Find out how Opportune added value to an upstream company by managing two major integrations and data conversions. [...]

Read More

Upstream: Restructuring: Transaction Structure & Financial Restructuring

Find out how Opportune added value to an upstream company by providing insights into the needs of RBL lenders, which allowed us to serve as a trusted business advisor to the agent in achieving a resolution to the Chapter 11 process. [...]

Read More

Oilfield Services: Valuation/Complex Financial Reporting: Financial Reporting & Purchase Price Allocation Services In Connection With Merger

Find out how Opportune added value by providing related technical financial reporting, valuation, and purchase price allocation services in connection with a merger. [...]

Read More

Opportune LLP Develops Business Continuity Plan For Leading Utility Company

Find out how Opportune added value to a leading transmission-only utility company by conducting a business continuity plan. [...]

Read More

Upstream: Transactional Due Diligence: Financial & Tax Due Diligence Procedures

Find out how Opportune added value by performing financial and tax due diligence procedures for a leading private equity-backed group in the technology and engineering solutions sector. [...]

Read More

Upstream: Process & Technology: Endur ETRM System Implementation

Find out how Opportune added value by successfully delivering an Endur ETRM system implementation for an upstream oil and gas company. [...]

Read More

Opportune LLP Delivers Enhanced ETRM Technology Solution For A Downstream Company

Find out how Opportune added value by successfully delivering an enhanced ETRM technology solution for a downstream oil and gas company. [...]

Read More

Opportune LLP Implements RightAngle ETRM Solution For An Upstream Company

Find out how Opportune added value by successfully implementing a RightAngle ETRM solution for an upstream oil and gas company. [...]

Read More

Downstream: Process & Technology: ETRM Implementation

Find out how Opportune added value by successfully implementing an ETRM RightAngle solution for a downstream refining company. [...]

Read More

Opportune LLP Implements RightAngle ETRM Solution For A Midstream Company To Meet Successful Startup

Find out how Opportune added value by implementing RightAngle ETRM for a midstream client to meet successful startup. [...]

Read More

Commodity Trading & Risk Management: Brief Case Study Summaries

Find out how Opportune delivered value to commodity trading organizations, banks, and their stakeholders. [...]

Read More

Oilfield Services: Transactional Due Diligence: Financial Due Diligence In Connection With An Acquisition

Find out how Opportune added value by performing financial due diligence procedures in connection with an acquisition. [...]

Read More

Opportune LLP Implements RightAngle ETRM For A Midstream Transportation Company To Expand Its Trading Footprint

Find out how Opportune added value by implementing RightAngle ETRM for a midstream client to improve its trading footprint. [...]

Read More

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. [...]

Read More

Upstream: Restructuring/Investment Banking: Renaissance Offshore: Financial Advisor In Out-Of-Court Restructuring

Upstream: Restructuring/Investment Banking: Renaissance Offshore: Financial Advisor In Out-Of-Court Restructuring Renaissance Offshore (“the Company”) was founded in December 2011 as an acquirer and developer of legacy oil fields in the… [...]

Read More

Upstream: Corporate Finance: Final Settlement Statement & Transition Services Statement Review

Find out how Opportune added value by assisting with the review of the final settlement and transition services statements for a Houston-based E&P company. [...]

Read More

UPSTREAM: OUTSOURCING/TRANSACTIONAL DUE DILIGENCE: ASSET TRANSACTION/TRANSITION

“Project Charlie” was an asset acquisition led by a leadership team backed by a private equity (PE) firm. The leadership team was assembled for this transaction and it didn’t hold any other assets previously. The asset consisted of 1,000 operated wells and 400 non-operated wells that included lease... [...]

Read More

DOWNSTREAM: PROCESS & TECHNOLOGY: ANDEAVOR: SAP S/4 HANA IMPLEMENTATION

Andeavor (“the Company”), acquired by Marathon Petroleum Corp. in 2018, is an oil refining company headquartered in San Antonio, TX. Opportune LLP worked as a part of the SAP delivery organization to assist Andeavor to deliver “Project One”, the program to implement a full suite of SAP S/4 HANA. Th... [...]

Read More

UPSTREAM: TRANSACTIONAL DUE DILIGENCE: TRANSACTION ADVISORY MERGER SERVICES

Two oil and gas operators, one public and one private, completed a merger in February 2019 to combine into a new publicly traded operating entity under a different name. The new company is focused on developing unconventional resources in the Marcellus/Utica shale plays. Opportune was engaged to pr... [...]

Read More

UPSTREAM: TRANSACTION SUPPORT: SMASH-CO

In August 2019, Opportune was engaged to provide advisory services and aid in the consolidation of a private equity investment firm’s (“Private Equity Firm”) current portfolio. Private Equity Firm operates… [...]

Read More

UPSTREAM: TRANSACTIONAL ADVISORY/SUPPORT: SYSTEM CONVERSION – EXCALIBUR TO OGSYS

The Company is a privately held oil and gas company with exploration and production (E&P) operations focused on offshore Gulf of Mexico (GoM). In May 2019, the Company engaged Opportune to complete a conversion of the acquired company’s master data and transaction history from Excalibur to OGsys, t... [...]

Read More

Upstream: Transactional Advisory: Merger Integration

Find out how Opportune added value to an upstream company by delivery merger integration solutions. [...]

Read More

MANUFACTURING: COMPLEX FINANCIAL REPORTING: NEW MARKET TAX CREDITS

A public company (“the Company”) is a leading manufacturer of heating and cooling products. The Company received a $23 million New Markets Tax Credit (NMTC) allocation for its new facility expansion at its Longview, Texas manufacturing plant. The NMTC program was created under the Community Renewal... [...]

Read More

UPSTREAM: COMPLEX FINANCIAL REPORTING: REVENUE RECOGNITION & LEASE ACCOUNTING IMPLEMENTATIONS

A private E&P company (“the Company”) is expanding through an asset acquisition and development in the Eagle Ford Basin. The Company engaged Opportune’s Complex Financial Reporting professionals to assist with its revenue recognition (“ASC 606”) and lease accounting (“ASC 842”) implementations in c... [...]

Read More

UPSTREAM: RESTRUCTURING: PETROQUEST ENERGY: CHAPTER 11 BANKRUPTCY REORGANIZATION

Lafayette, Louisiana-based PetroQuest Energy Inc. (“the Company”) operates as an independent oil and gas company in Texas and Louisiana. In November 2018, The Company filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Houston, citing a reorganization plan to eliminate $204.5... [...]

Read More

UPSTREAM: RESTRUCTURING: GASTAR EXPLORATION: FINANCIAL ADVISOR FOR RESTRUCTURING & REORGANIZATION

In late October 2018, Gastar engaged Opportune after it had entered into a restructuring support agreement (“RSA”) with certain holders of Claims and Interests, including the Term Lender, the Second Lien Noteholders and certain holders of Existing Common Interests. To implement the terms of the RSA... [...]

Read More

UPSTREAM: PROCESS & TECHNOLOGY: ASSET MAINTENANCE & SERVICE APP

The company engaged Opportune to implement a system that would serve as a central hub for all information and activities related to asset service and inspections. Building on the inherent strengths of the Salesforce platform, Opportune recommended, implemented and customized Salesforce Field Servic... [...]

Read More

Downstream: Process & Technology: Mass Balance/Inventory Management Systems

Find out how Opportune added value to a downstream client by provided mass balance and inventory management systems expertise. [...]

Read More

DOWNSTREAM: PROCESS & TECHNOLOGY: IT INFRASTRUCTURE & SYSTEMS CUTOVER

The Company engaged Opportune to manage the IT infrastructure and systems cutover plan. This included assessing the scope of systems being transitioned, coordinating the various teams and monitoring the progress and issues during the cutover weekend. Opportune was also engaged as the project manage... [...]

Read More

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... [...]

Read More

Transforming Customer Service In Downstream With Salesforce

Find out how Opportune added value to a downstream company by delivering a transformative customer engagement experience in just four months. [...]

Read More

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... [...]

Read More

UPSTREAM: RESERVE ENGINEERING & GEOSCIENCES: 3P RESERVE REPORT & TECHNICAL EVALUATION

Ralph E. Davis Associates (RED) professionals added value by conducting a review of all data and information associated with certain producing oil and natural gas properties in the Eagle Ford play in Texas in which the client has an ownership position. RED used the guidelines for reserve classifica... [...]

Read More

POWER & GAS: PROCESS & TECHNOLOGY: ORGANIZATION & IT STRATEGY

The client engaged Opportune senior professionals to serve as an advisor to review their organization and IT strategy. The company had recently reorganized to create more separation and autonomy between supply and marketing organizations. This created the potential for significant changes to strate... [...]

Read More

Upstream: Complex Financial Reporting: From Zero To IPO

Find out how Opportune added value to an E&P company by providing subject matter experts in land, engineering, operational accounting, and financial reporting. [...]

Read More

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... [...]

Read More

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... [...]

Read More

UPSTREAM: TRANSACTIONAL DUE DILIGENCE/OUTSOURCING: COMPREHENSIVE TRANSACTIONAL ADVISORY

A private equity-backed startup (“the Company”) consisting of three executive personnel—Chief Executive Officer, Chief Operational Officer and Chief Development Officer—purchased approximately 1,500 operated wells and 2,500 non-operated wells, along with associated midstream assets, for $190 millio... [...]

Read More

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. [...]

Read More

POWER & GAS: COMPLEX FINANCIAL REPORTING/PROCESS & TECHNOLOGY: EARNINGS & RISK ASSESSMENT

Natural Gas Trading and Asset Management Co. (“NG TradeCo”) is a natural gas wholesaler who captures arbitrage opportunities primarily by managing physical assets. NG TradeCo is involved with natural gas marketing, trading, pipeline transport and capacity management, storage and asset management ag... [...]

Read More

UPSTREAM: TRANSACTIONAL DUE DILIGENCE: UNDISCLOSED: BUY-SIDE DUE DILIGENCE

An undisclosed global producer of chemicals (“the Company”) recently entered the oil and gas exploration and production business by acquiring 43,686 net acres, including leasehold interest in 107 wells, in the Austin Chalk and Eagle Ford fairways of the established Giddings Field for $30.0 million.... [...]

Read More

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... [...]

Read More

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... [...]

Read More

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... [...]

Read More

Upstream: Process & Technology: Advocacy Strategic Engagement App On Salesforce

Find out how Opportune added value to an upstream company by delivering it a tool that priorities and simplifies how stakeholders capture and access information and streamline workflows. [...]

Read More

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. [...]

Read More

POWER & GAS: ENTERPRISE RISK: TENNESSEE VALLEY AUTHORITY: RISK MANAGEMENT STABILIZATION

The Tennessee Valley Authority (“TVA”), a corporation owned by the U.S. government, provides electricity for 9 million people in parts of seven southeastern states. TVA consumes about $4.5 billion of coal, gas, nuclear fuel and purchased power on an annual basis, serving its customers through its f... [...]

Read More

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... [...]

Read More

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... [...]

Read More

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. [...]

Read More

UPSTREAM: RESERVE ENGINEERING & GEOSCIENCES: UNDISCLOSED: ASSET REVIEW & TECHNICAL EVALUATION

A global investment management corporation based in New York engaged Ralph E. Davis Associates (RED) to conduct technical evaluations and asset reviews of an oil property located in the East Shetland Basin in the UK Northern North Sea. This property is a redevelopment of a prematurely decommissione... [...]

Read More

DOWNSTREAM: PROCESS & TECHNOLOGY: UNDISCLOSED: COMMODITY TRADING & RISK MANAGEMENT IMPLEMENTATION

Undisclosed Oil & Gas Co. is one of the largest integrated oil companies in the world. Annually ranked near the top of global and U.S. Fortune 500 lists for more than 50 years, it is a recognized leader in the oil and gas industry. Undisclosed Oil & Gas Co. has re-evaluated their practices in commo... [...]

Read More

Power & Gas: Process & Technology: Systems Strategy To Support Asset-Backed Trading

Find out how Opportune added value to a supermajor LNG company by evaluating IT system and business process changes necessary for supporting a new asset-backed trading model. [...]

Read More

POWER & GAS: RESTRUCTURING: UNDISCLOSED: RESTRUCTURING & FINANCIAL FORECASTING

“NG Retail Distributor” is an unregulated natural gas retail distributor that captures arbitrage opportunities primarily by managing physical assets. NG Retail Distributor is involved with natural gas marketing, trading, pipeline transport and capacity management, storage and asset management agree... [...]

Read More

UPSTREAM: COMPLEX FINANCIAL REPORTING: UNDISCLOSED: FULL COST TO SUCCESSFUL EFFORTS CONVERSION

A Houston-based oil and gas exploration company engaged Opportune in 2017 to assist with the conversion from full cost to the successful efforts method of accounting for oil and gas properties for fiscal years ended December 31, 2011 through 2017. The successful efforts method of accounting is pref... [...]

Read More

UPSTREAM: COMPLEX FINANCIAL REPORTING: JONAH ENERGY: FINANCIAL REPORTING, FINANCIAL PLANNING & ANALYSIS

Jonah Energy LLC (“Jonah”) is an exploration and production (“E&P”) company. Jonah acquired the Jonah Field located in Sublette County, Wyoming from Encana Corp. on May 12, 2014. At the time of the Encana acquisition, Jonah had a skeleton management team and limited infrastructure for operating an ... [...]

Read More

UPSTREAM: OUTSOURCING: UNDISCLOSED COMPANY: HEDGE EXECUTION/ASSET ACQUISITION

Opportune LLP was approached by an oil and gas exploration and production company (“Producer Co.”) that was seeking assistance to develop a hedging program associated with a new asset acquisition. Producer Co. engaged Opportune to provide risk management advisory and hedge execution services neede... [...]

Read More

UPSTREAM: OUTSOURCING: UNDISCLOSED COMPANY: HEDGE REPORTING OF FOREIGN CURRENCY & INTEREST RATES

Opportune LLP was engaged by an upstream oil and gas producer (OIL Co.) to assist with the implementation of hedge reporting for their Euro-denominated expenses related to purchases of field equipment from European firms. OIL Co. is a U.S.-dollar functional currency entity that is exposed to curren... [...]

Read More

UPSTREAM: RESTRUCTURING: FIELDWOOD ENERGY: CHAPTER 11 BANKRUPTCY

Fieldwood Energy LLC, a Houston-based, private-equity backed exploration and production company (the Company), is focused on the acquisition and development of oil and gas assets in the Gulf of Mexico region. On February 14, 2018, the Company filed for chapter 11 bankruptcy protection in the Southe... [...]

Read More

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... [...]

Read More

POWER & GAS: PROCESS & TECHNOLOGY/COMPLEX FINANCIAL REPORTING: ESSENTIAL POWER: RECONSTRUCTION OF POLICIES/PROCESSES

Essential Power (the Company) is a merchant power company that operates a fleet of natural gas-fired plants in PJM and ISO-NE. The Company’s ability to realize the inherent optionality embedded in its plants is dependent on strong commercial skills and market knowledge, supported by accurate views ... [...]

Read More

NON-ENERGY: RESTRUCTURING: MOLYCORP: CHAPTER 11 FILING/INTERIM MANAGEMENT

Molycorp Inc. (the Company) produced and sold rare earths and rare earth materials in the U.S. and internationally. Dacarba LLC, an Opportune LLP company, was engaged to provide interim management, serving as Senior Vice President Finance and Treasurer and was a key participant in the administratio... [...]

Read More

POWER & GAS: RESTRUCTURING: ALPHA NATURAL RESOURCES: CHAPTER 11 BANKRUPTCY REORGANIZATION/FINANCIAL

Alpha Natural Resources (the Company) was the second-largest coal supplier among publicly traded coal producers with $4.3 billion of revenues in 2014 and 8,900 employees. The Company filed for bankruptcy in August 2015 with $4 billion of funded debt and emerged in July 2016 whereby certain assets o... [...]

Read More

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... [...]

Read More

UPSTREAM: PROCESS & TECHNOLOGY: ASSALA ENERGY IT TRANSITION

Assala Energy is an oil and gas exploration company, backed by Carlyle Group, focused on opportunities in Sub-Saharan Africa. The Assala Energy strategy was to invest in mid-life and mature assets to increase production and extend field lifecycles, while prioritizing integrity, safety and responsib... [...]

Read More

POWER & GAS: PROCESS & TECHNOLOGY: ALLEGRO NATURAL GAS IMPLEMENTATION

North American Power (NAP) is a retail power and natural gas supplier based in Norwalk, Connecticut. Founded in 2009, NAP has over $250 million in revenues and has been recognized by Forbes as one of America's Most Promising Companies, and by Inc. 5000 as one of America's Fastest Growing Private C... [...]

Read More

RESTRUCTURING: GAWKER MEDIA, LLC: CHAPTER 11 BANKRUPTCY FILING

Gawker Media, LLC was an online digital media company based in New York, New York. Its publications included Gizmodo, Lifehacker, Jezebel, and Deadspin. Opportune LLP was engaged by Gawker Media to provide essential restructuring support during its Chapter 11 bankruptcy filing and through the ev... [...]

Read More

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... [...]

Read More

COMMODITIES TRADING & LOGISTICS: PROCESS & TECHNOLOGY: CTRM BUSINESS STARTUP

An investment bank and commodity trader with Russian roots started up a physical commodities business. The company chose OpenLink RightAngle to support their new physical business. The company engaged Opportune to lead the delivery of the greenfield Commodities Trading and Risk Management (CTRM) s... [...]

Read More

Commodities Trading & Risk Management: Process & Technology: ETRM Implementation

Find out how Opportune added value by providing enhancements to ETRM systems for a global investment bank. [...]

Read More

DOWNSTREAM: PROCESS & TECHNOLOGY: PREDICTIVE ANALYTICS AND SAP HANA IMPLEMENTATION

Undisclosed Gas Company is one of the largest integrated oil companies in the world. Annually ranked in the top of Global and US Fortune 500 lists for more than 50 years, it is a recognized leader in the oil and gas industry. Undisclosed Gas Company engaged Opportune to lead Supply Predictive Analy... [...]

Read More

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... [...]

Read More

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... [...]

Read More

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... [...]

Read More

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... [...]

Read More

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... [...]

Read More

POWER & GAS: COMPLEX FINANCIAL REPORTING: POWER CONTRACTS

A large foreign multinational corporation (the Company) invests in power plants and renewable energy ventures in addition to its businesses in the manufacturing, trading, and financial services. The Company had recently invested in a U.S.-based wind powered electricity generation facility (the win... [...]

Read More

1 of 100

Have questions?

Contact the Experts

A headshot of Josh Sherman.
Josh Sherman

Partner