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opportune

We offer financial due diligence on acquisitions, SEC filings, accounting research, energy risk management, and dispute resolution. Our industry experience includes energy, services, construction, and finance. Avail accounting and land administration solutions with PetroAcct, covering financial reporting, IT, regulatory compliance, and production accounting. Get insights on consolidation possibilities, MLP accounting issues, transfers post-IPO, and more.

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opportune

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  1. www.opportune.com

  2. About Us • We are a Houston-based consulting firm assisting clients with financial due diligence on acquisitions, SEC filings, technical accounting research, energy trading risk management and dispute resolution • We have experience in many industries, including energy (E&P, midstream, refining and trading), services, construction and finance • We provide accounting and land administration outsourcing through PetroAcct

  3. PetroAcct, L.P. Revenue Financial Reporting IT PetroAcct Conversion JIB/Property Treasury Accounts Payable Regulatory Reporting Production Accounting Land

  4. MLP Accounting Issues • Parent • Consolidation • 1. Possibilities • a. Full • b. Equity • c. Proposal Consolidation • 2. Related Issues • a. Discontinued Operations • b. Goodwill • c. Taxes • Gains or loss on sale • Transfers after IPO

  5. MLP Accounting Issues • MLP • A. Determination of Predecessor • B. Periods to be presented • 1. Carved-out financials • 2. Acquisitions • C. Carry-over basis • 1. Historical • 2. Set-up • D. Pushdown (loosely defined) • 1. Debt and related interests costs • 2. Parent allocation of G&A • 3. Goodwill • E. Long-term incentives for employees • F. Transfers after IPO

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