Opportune LLP

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711 Louisiana Street, Suite 3100
Houston, TX 77002, United States
Phone: 713.490.5050
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  • Accounting
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5 Ways Automation Technology May Save Your Job, Not End It

Technology is at the forefront of minimizing the negative impacts of constant change. We seek out advancements to modernize business, sequence our day, and make our lives easier. Among these advancements in the business world,…more

Automation Systems, Energy Sector, Energy Trading, Information Technology, Oil & Gas

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The Ultimate Guide for M&A Success: How People Power Deals

Mergers and acquisitions (M&A) often come with bold promises, streamlined operations, enhanced market share, and increased profitability. But here’s the hard truth: more often than not, these promises fall short. Studies show…more

Acquisitions, Business Strategies, Change Management, Corporate Culture, Due Diligence

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CCUS: Understanding The Class VI Permitting Process

Steve Hendrickson, President, and John Beaird, Vice President, of Ralph E. Davis Associates, an Opportune LLP company, discuss why the Class VI permitting process with state and federal regulators for carbon capture,…more

Carbon Capture and Sequestration, Carbon Emissions, Climate Change, Energy Sector, Permits

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Using The Cloud For Custom Salesforce Solutions

Ross Benton, Director in Opportune LLP's Process & Technology practice, and Chris Baker, Production Manager at Ensign Natural Resources, discuss why leveraging cloud-based solutions on the Salesforce platform enables companies…more

Cloud Computing, Cloud Service Providers (CSPs), CRM, Energy Sector

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ETRM Data Preparation: Evaluation, Identification, and Storage

In the fast-paced world of energy trading, where every decision relies on accurate data, the success of your Energy Trading and Risk Management (ETRM) system, especially when working with RightAngle, depends on a solid…more

Analytics, Data Collection, Data Management, Data Mapping, Data Preservation

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The Upstream Oil & Gas Balancing Act

Find out why understanding an upstream oil and gas operator's balancing requirements, and having the tools to properly track them, requires a centralized solution. …more

Oil & Gas, Upstream Contracts

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Summer Driving Season Opens Up Opportunities For Supply Chain Optimization, Inventory Management

Summer driving season, and the consequential increased fuel demand, have officially begun. After more than two pandemic years and countless canceled vacations, people are anxious to reinstate their summer travel plans. The…more

Energy Information Association (EIA), Ethanol, Fuel Supply, Gas Prices, Inventory

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A Cost Benefit Analysis of Increased OCS Bonding

The Opportune 2023 Study has been conducted to independently calculate the OCS plugging and abandonment (P&A) liability, assess the risk such liability poses to the U.S. taxpayer, and perform a cost-benefit analysis of how the…more

Asset Valuations, BSEE, Energy Sector, Offshore Drilling, Oil & Gas

See all updates »

Tax Implications of the One Big Beautiful Bill Act in the U.S. Energy Industry

On May 22, 2025, the House Budget Committee approved the President Trump-supported tax legislation called the One Big Beautiful Bill Act (the “OBBBA”). As the OBBBA works its way through Congress with the Senate targeting a…more

Acquisitions, Capital Gains, Energy Sector, Mergers, Private Equity

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Business Combinations vs Asset Acquisitions ...

The classification of a transaction as either a business combination or an asset acquisition for financial reporting purposes has recently received greater attention. The differences between the two types of transactions can…more

Accounting Standards, Acquisitions, Asset Purchase Agreements, Asset Valuations, Business Assets

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Moving Energy Forward: Future Voices Of The Industry

In the final installment of a two-part series, Virginia Chan, Director, Samuel Stewart, Manager, and Trey Brasseaux, Associate, discuss why the energy industry is facing structural change with respect to embracing ESG…more

Artificial Intelligence, Cloud Computing, Energy Sector, Environmental Social & Governance (ESG)

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2021 NAPE Summit: Top 10 Energy Industry Trends

At the 2021 NAPE Summit, decision-makers, prospect generators, financiers, E&P operators, and service providers will finally return in person in Houston at the George R. Brown Center on August 18-20 (virtually from August…more

Acquisitions, Carbon Capture and Sequestration, Coronavirus/COVID-19, Energy Information Association (EIA), Energy Sector

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Moving Energy Forward: Putting Learning To Work

Jack Fisher, Durham Craig, and Sam Sicola, the newest crop of consultants to join Opportune LLP's Corporate Finance group, discuss why the energy industry is still an attractive industry to begin a career in, why the energy…more

Energy Projects, Energy Sector, Environmental Social & Governance (ESG), Oil & Gas, Renewable Energy

See all updates »

The Consequences Of Rising Inflation & Crude Oil Prices

Ryan Dusek, Director in the Commodity Risk Advisory Group at Opportune LLP, discusses what the Fed is doing to combat inflation, how inflation is impacting crude oil prices and the broader economy, and more…more

Crude Oil, Energy Policy, Energy Sector, Natural Gas, Oil & Gas

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Asset Modeling: Understanding Value & Managing Risk

Find out why an effective risk management strategy requires developing robust economic forecasting tools that simulate future cash flows. One such tool uses the “real-option” theory to model flexibility associated with energy…more

Asset Valuations, Commodities, Energy Sector, Gas Prices, Modeling

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The Importance Of A Quality Of Earnings Report In M&A Transactions

Find out why a quality of earnings report is vital for the due diligence of M&A transactions or investing in a business…more

Acquisitions, Due Diligence, Earnings Reports, EBITDA, Financial Reporting

See all updates »

Moving Energy Forward: Putting Learning To Work

Jack Fisher, Durham Craig, and Sam Sicola, the newest crop of consultants to join Opportune LLP's Corporate Finance group, discuss why the energy industry is still an attractive industry to begin a career in, why the energy…more

Energy Projects, Energy Sector, Environmental Social & Governance (ESG), Oil & Gas, Renewable Energy

See all updates »

ASC 842: Implementing The New Lease Accounting Standard

In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases. This new lease accounting standard (ASC 842) significantly impacts how private and public businesses across all…more

Accounting Standards, Commercial Leases, FASB, Financial Reporting, Financial Statements

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The Case For A Second Opinion On Certain Fairness Opinions

Before trying to decide if it makes sense to get a second opinion on a fairness opinion, it’s necessary to understand why fairness opinions started and how they have evolved over the years. Fairness opinions are closely tied…more

Acquisitions, Business Judgment Rule, Conflicts of Interest, Energy Sector, Fairness Standard

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Defense In-Depth: Cybersecurity For Energy

Glenn Hartfiel, Principal, and Geoff Yut, Consultant, at Opportune LLP discuss why recent geopolitical events are heightening the need for the implementation of improved cybersecurity measures in the energy industry, why…more

Cyber Attacks, Cybersecurity, Data Breach, Data Protection, Data Security

See all updates »

A Cost Benefit Analysis of Increased OCS Bonding

The Opportune 2023 Study has been conducted to independently calculate the OCS plugging and abandonment (P&A) liability, assess the risk such liability poses to the U.S. taxpayer, and perform a cost-benefit analysis of how the…more

Asset Valuations, BSEE, Energy Sector, Offshore Drilling, Oil & Gas

See all updates »

ETRM System Cutover: Achieving a Successful Transition

Cutting over to a new Energy Trading and Risk Management (ETRM) system is a significant undertaking. The process involves transitioning data, configurations, and business processes from your legacy system to the new one, which…more

Automation Systems, Business Operations, Commodities, Energy Market, Energy Sector

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Natural Gas ETRM Systems - Who Benefits The Most?

The name denotes the systems are focused on improving operations in trading and risk, but what’s in it for other business stakeholders who support the transaction lifecycle? We will highlight the top advantages our team has…more

Business Operations, Energy Market, Energy Sector, Energy Trading, Information Technology

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What Characteristics Make The ‘Right Partner’ For Your ION RightAngle Upgrade?

ION RightAngle is one of the top choices when energy companies are looking for an ETRM system. Yet, many companies are still using an older version and failing to take advantage of innovative technology and enhanced…more

Energy Sector, Enterprise Software, Information Management, Information Technology

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Q&A: The State Of Oil & Gas M&A Activity & What To Expect In 2023

The current landscape of M&A and A&D dealmaking in the U.S. oil and gas industry looks a lot different than what it did in the 2015-2019 period. During the pandemic, commodity prices sank to historically low levels (WTI crude…more

Acquisitions, Business Assets, Business Strategies, Capital Markets, Commodities

See all updates »

Producer vs. Trading Mindset Considerations for an ETRM

Through many of our projects, clients often mention alignment as a gas "Producer" or "Optimizer." The distinction lies in where the operational focus is attuned – flowing assured gas to customers or optimizing earnings through…more

Automation Systems, Commodities Traders, Emissions Trading System, Oil & Gas, Producers

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Top 5 Ways To Be Prepared For A Risk Management Implementation

Whether risk reporting is a known requirement before the initial implementation or is the second phase of an ETRM system implementation, there are many ways that a company standing up risk management systems for the first time…more

Energy Trading, Internal Controls, Risk Assessment, Risk Management, Transfer Pricing

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Making the Case for Outsourcing Midstream Accounting

Outsourcing or in-house? For many midstream oil and gas companies, this is a burning question in today’s market amid lower commodity pricing and cost-conscious operations…more

Energy Sector, Financial Accounting, Midstream Contracts, Oil & Gas, Oil Prices

See all updates »

Oil & Gas Companies Continued To Hedge Before Price Spikes

Hedging remains a mainstay activity for many oil and gas producers to protect cash flows and manage operating budgets. However, these hedge programs and coverage levels were in place before price increases that occurred in early…more

Commodities, Energy Sector, Exploration and Production Sharing Contract, Financial Statements, GAAP

See all updates »

RightAngle ETRM Maintenance Strategies on Azure

The migration of RightAngle ETRM applications to the Azure cloud presents both opportunities and challenges. To fully capitalize on the benefits of cloud computing and ensure uninterrupted operations, a robust support plan is…more

Commodities, Compliance, Energy Trading, Enterprise Software, Licensing Rules

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The Importance Of A Quality Of Earnings Report In M&A Transactions

Find out why a quality of earnings report is vital for the due diligence of M&A transactions or investing in a business…more

Acquisitions, Due Diligence, Earnings Reports, EBITDA, Financial Reporting

See all updates »

Would Limiting Texas Oil Production Really Boost Prices?

The combination of the COVID-19 pandemic and the Saudi-Russia price war is wreaking havoc on global demand for crude oil, flooding the market with cheap crude and pushing prices to the low $20/bbl range. In response to these…more

Energy Commissions, Energy Sector, Oil & Gas, Oil Prices, Supply and Demand

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Detecting Data Integrity Issues

Data integrity is broken down into three attributes: accuracy, completeness, and consistency. Issues with any of these attributes reduce the overall confidence of reports run on this data. Recognizing data integrity issues early…more

Automation Systems, Data Management, Energy Sector, Enterprise Software, Information Management

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Scrutiny Increasing On Energy Private Equity Valuation

The valuation of private equity investments has recently garnered greater marketplace attention, and the SEC is updating its guidance on these valuations for the first time in 50 years. Managing Director Paul Legoudes and…more

Energy Market, Energy Sector, Fund Managers, Guidance Update, Investors

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How To Achieve The Economically Efficient Purchase Of A Private Company Through Thoughtful Acquisition Structure

Many private companies were formed years ago using what was known as a Subchapter S election, which refers to the optional treatment of an otherwise taxable C corporation as (generally) a passthrough entity. These structures can…more

Acquisitions, C-Corporation, Due Diligence, GAAP, Privately Held Corporations

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Unintended Consequences Of Interconnected Supply Chains

​​​​​​​It’s commonly known most goods that Americans use in their lives are transported and delivered by truck. According to the U.S. Census Bureau’s latest Commodity Flow Survey, trucks transported 71.6% or $10.4 trillion of…more

Agricultural Sector, Commodities, Coronavirus/COVID-19, Gas Prices, Oil & Gas

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ASC 842: Private Companies On The Clock After Delay

Dave Loucks, Director in Opportune LLP's Complex Financial Reporting practice, discusses why private companies need to prepare now in order to comply with the impending ASC 842 lease accounting standard slated to go into effect…more

Accounting, Balance Sheets, Finance Lease Contract, Leases, Oil & Gas

See all updates »

ESG In The Crosshairs: 3 Strategies To Minimize The Release Of Fugitive Emissions

As federal and state regulations continue to address energy industry emissions amid growing ESG pressure from investors, here are three ways companies can minimize the release of fugitive emissions..…more

Carbon Emissions, Corporate Governance, Corporate Social Responsibility, Energy Sector, Environmental Social & Governance (ESG)

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Tales From The Front Line: 4 Lessons Learned From A Former NGL Scheduler

They are on the front lines of daily logistics—the unsung heroes behind the scenes in the energy supply chain who get in early, stay late and typically work odd hours scheduling and coordinating daily and monthly product…more

Business Operations, Crude by Rail, Energy Sector, Inventory, Logistics

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Making the Case for Outsourcing Midstream Accounting

Outsourcing or in-house? For many midstream oil and gas companies, this is a burning question in today’s market amid lower commodity pricing and cost-conscious operations…more

Energy Sector, Financial Accounting, Midstream Contracts, Oil & Gas, Oil Prices

See all updates »

‘Pay vs. Performance’: New SEC Rules Require Companies To Implement New Process To Track Equity Compensation

It is important to investors that executive compensation is directly linked to a company’s financial performance. To help ensure investors have adequate information to monitor this relationship, the SEC adopted new “pay vs…more

Corporate Governance, Disclosure Requirements, Executive Compensation, Incentive Compensation, Pay Ratio

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Exploring The ‘S’ In ESG & What To Expect In 2023

On this episode of E2B: Energy to Business, host Steve Hendrickson, President of Ralph E. Davis Associates, an Opportune company, catches up with two of Opportune’s Directors, Linden Nicosia and Katie-Rose Herd to get a better…more

Diversity and Inclusion Standards (D&I), Environmental Social & Governance (ESG), Transparency

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6 Key Considerations E&P Companies Should Address Navigating Low-Oil Price Environment

Find out what E&P companies need to know as they navigate through the impact of a negative and/or depressed oil and gas commodity pricing environment…more

Commodities, Energy Sector, Exploration and Production Sharing Contract, Oil & Gas, Strategic Planning

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Battle Of The Biofuels: Renewable Diesel Vs. Biodiesel

Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each…more

Alternative Fuels, Biofuel, Biomass, Biomass Energy Research, California Air Resources Board

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A Path To An Energy Transition: Now & In The Future

What will it take to fuel the energy transition? Opportune LLP Partner Dean Price discusses why ESG will likely be a permanent fixture among energy portfolios, why natural gas plays a significant role in the transition, and…more

Clean Energy, Energy Sector, Environmental Social & Governance (ESG), Hydrocarbons, Natural Gas

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Total Shareholder Return Plans: Accounting Implications & Valuation Assumptions

In a competitive talent market, companies are reevaluating executive compensation packages to attract and retain top leadership. Compensation generally includes a base level of compensation combined with some form of incentive…more

Energy Sector, Equity Compensation, Executive Compensation, Incentive Compensation, Incentive Stock Options

See all updates »

Top 5 Things You Should Look For In Your Business Process Outsourcing Firm

Here are five things to look for in your business process outsourcing (BPO) firm. Using the right business process outsourcing (BPO) firm can help your business in many ways. From improving operations, eliminating…more

Automation Systems, Energy Sector, Information Technology, Oil & Gas, Outsourcing

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Rethinking Global Supply Chain Resiliency & Efficiency

Patrick Long and Steve Roberts, both Directors in Opportune LLP’s Process & Technology practice, discuss why current supply chain disruptions appear to be more pronounced than in years past due to supply/demand imbalances and…more

Business Disruption, Coronavirus/COVID-19, Energy Sector, Natural Disasters, Supply and Demand

See all updates »

Q&A: The State Of Oil & Gas M&A Activity & What To Expect In 2023

The current landscape of M&A and A&D dealmaking in the U.S. oil and gas industry looks a lot different than what it did in the 2015-2019 period. During the pandemic, commodity prices sank to historically low levels (WTI crude…more

Acquisitions, Business Assets, Business Strategies, Capital Markets, Commodities

See all updates »

AI Approach To Wind Turbine Condition Monitoring

Currently, the share of renewable electricity generation is 19% and is projected to double by 2050. Wind turbine generation capacity is expected to reach a record high of 23 gigawatts (GW) by the end of 2020. Most of this growth…more

Artificial Intelligence, Data Collection, Energy Sector, Renewable Energy, Technology

See all updates »

Oil & Gas Companies Continued To Hedge Before Price Spikes

Hedging remains a mainstay activity for many oil and gas producers to protect cash flows and manage operating budgets. However, these hedge programs and coverage levels were in place before price increases that occurred in early…more

Commodities, Energy Sector, Exploration and Production Sharing Contract, Financial Statements, GAAP

See all updates »

How To Achieve The Economically Efficient Purchase Of A Private Company Through Thoughtful Acquisition Structure

Many private companies were formed years ago using what was known as a Subchapter S election, which refers to the optional treatment of an otherwise taxable C corporation as (generally) a passthrough entity. These structures can…more

Acquisitions, C-Corporation, Due Diligence, GAAP, Privately Held Corporations

See all updates »

How Predictive Analytics Enhances Business Performance

In every industry, people often struggle to forecast trends, anticipate market shifts, and understand consumer behavior and are hindered by a lack of predictive clarity. With data coming in from too many internal and external…more

Analytics, Automation Systems, Business Operations, Energy Sector, Information Technology

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M&A Transactions Integration: A Step-by-Step Guide

Imagine a world where M&A transactions seamlessly integrate, unlocking the full potential of the merged entity. This is achievable through a structured approach that optimizes synergies and ensures a smooth transition. By…more

Acquisitions, Corporate Governance, Mergers, Strategic Planning, Vertical Integration

See all updates »

Moving Energy Forward: Putting Learning To Work

Jack Fisher, Durham Craig, and Sam Sicola, the newest crop of consultants to join Opportune LLP's Corporate Finance group, discuss why the energy industry is still an attractive industry to begin a career in, why the energy…more

Energy Projects, Energy Sector, Environmental Social & Governance (ESG), Oil & Gas, Renewable Energy

See all updates »

US Inflation Reduction Act Aims To Give Carbon Capture A Boost, But Will It Take Off?

On August 16, 2022, President Biden signed the landmark “Inflation Reduction Act” (IRA) into law, which contains several renewable energy tax breaks to help companies and U.S. consumers transition to clean energy. While the…more

Biden Administration, Carbon Capture and Sequestration, Carbon Emissions, Clean Energy, Climate Change

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Accounting Considerations For Bridge Loans

Startup companies progress through various stages of raising outside capital as they grow. This often starts with seed funding from founders and/or angel investors, progresses into various rounds of equity financing rounds from …more

Bridge Loan, Capital Raising, Conversion, Equity Financing, Financial Accounting

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Asset-Backed Security Guide for Oil and Gas Financing

Leveraging oil and gas assets for capital has become a strategic imperative for independent producers grappling with limited traditional financing options and economic volatility. Asset-backed securities (ABS) in the oil and gas…more

Asset-Backed Securities, Corporate Governance, Energy Sector, Environmental Social & Governance (ESG), Financial Instruments

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AI & Robotic Process Automation: Streamlining The Back-Office

Find out why AI and Robotic Process Automation (RPA) technologies streamline the back-office by improving processing times, access to data and reduce costs. …more

Artificial Intelligence, Automation Systems, Data Management, Digital Data, Energy Sector

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Looking Back: Why The Pandemic, Extreme Weather Events Changed The Supply Chain

Supply chain shortages have only recently become a trending topic industry-wide due to production issues and rising demand for many of our favorite items. This can be mostly attributed to factors such as the COVID-19 pandemic or…more

Analytics, Coronavirus/COVID-19, Energy Sector, Information Management, Oil & Gas

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Competitive Edge: Why AI Enhances ETRM Systems

Kent Landrum, Managing Director in Opportune LLP's Process & Technology practice who also leads the firm's Downstream sector, Mark Swann, Director in Opportune LLP's Process & Technology group, and Vincent Annunziata, co-founder…more

Artificial Intelligence, Energy Sector, Energy Trading, Machine Learning, Risk Management

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Insight Into Hedge Accounting Elections & Corporate Alternative Minimum Tax Considerations

The Inflation Reduction Act (IRA) of 2022 significantly changed the U.S. Federal income tax code, including introducing the new Corporate Alternative Minimum Tax (CAMT). The CAMT is a parallel tax system that applies to…more

Alternative Minimum Tax, Corporate Taxes, Financial Statements, GAAP, Hedges

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Total Shareholder Return Plans: Accounting Implications & Valuation Assumptions

In a competitive talent market, companies are reevaluating executive compensation packages to attract and retain top leadership. Compensation generally includes a base level of compensation combined with some form of incentive…more

Energy Sector, Equity Compensation, Executive Compensation, Incentive Compensation, Incentive Stock Options

See all updates »

Tax Implications of the One Big Beautiful Bill Act in the U.S. Energy Industry

On May 22, 2025, the House Budget Committee approved the President Trump-supported tax legislation called the One Big Beautiful Bill Act (the “OBBBA”). As the OBBBA works its way through Congress with the Senate targeting a…more

Acquisitions, Capital Gains, Energy Sector, Mergers, Private Equity

See all updates »

Leading Practices For ETRM System, Cutover & Go-Live

Find out why a smooth go-live of a new ETRM system can go a long way in helping an organization avoid precipitous drops in productivity after launch and realize benefits of enhanced transactional consistency afforded by leading…more

Enterprise Software, Investment, Investment Management, Risk Management, Technology

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Outsourcing Fuels The Future Of Oil & Gas

In the near and mid-term, companies must take decisive steps in order to ensure the financial health of the organization and their stakeholders. With limited exit and financing alternatives, the current environment requires…more

Oil & Gas, Outsourcing, Popular

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Navigating Rail Fuel Surcharges: Automation With Web…

Rail fuel surcharges are a moving target. They are constantly changing, wildly inconsistent across carriers, and often buried in websites or PDFs that require extra effort to decode. Keeping up with these charges can feel like a…more

Automation Systems, Contract Negotiations, Data Collection, Data Management, Freight Forwarding

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Key Considerations For Improving Your Business Processes & ETRM System Implementation

Business processes can get complicated over time in any organization. A fitting example of a core business process is the processing of payable invoices. The old-fashioned way of processing invoices is to receive the invoices…more

Automation Systems, Business Operations, Commodities, Energy Market, Energy Sector

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Defense In-Depth: Cybersecurity For Energy

Glenn Hartfiel, Principal, and Geoff Yut, Consultant, at Opportune LLP discuss why recent geopolitical events are heightening the need for the implementation of improved cybersecurity measures in the energy industry, why…more

Cyber Attacks, Cybersecurity, Data Breach, Data Protection, Data Security

See all updates »

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