OIL and GAS
BVA Group works with company management, shareholders, board members, and other parties in all sectors of the oil and gas sector to assist with complex valuation, litigation, and other financial advisory matters. BVA’s oil and gas sector capabilities and experience cover a broad range of services to upstream, midstream, downstream, and oil field service providers. BVA has provided services to companies ranging in size from small privately held businesses to international integrated oil and gas companies.
MIDSTREAM
Comprised of transportation, storage, and wholesale marketing, the midstream oil and gas sector represents the infrastructure that moves oil and gas from the field to the refinery. Currently, the sector is subject to an unusual amount of uncertainty due to price volatility in today’s markets. While increased unconventional production has opened up opportunities domestically for sector participants, these opportunities are not without risk. Although midstream companies are not exposed to the same level of commodity price risk as other energy sectors, they still face risks related to large capital outlays, shifting production, changing drilling economics, and high regulatory hurdles. BVA professionals have a deep understanding of the issues faced by participants in the midstream oil and gas sector enabling us to provide our clients with insightful and efficient consulting regarding valuation, economic damages, and various corporate finance issues.
Targa Resources is an independent midstream energy company in North America that owns, operates, and develops midstream energy assets such as oil and natural gas gathering, processing, transportation, and storing facilities. BVA professionals provided multiple valuation services for financial and tax reporting, purchase price allocation, insurance, and internal planning.
Ryckman Creek Resources is a natural gas storage facility located in Uinta County, Wyoming with over 35 billion cubic feet of storage capacity. BVA professionals valued the personal property of Ryckman Creek Resources related to a multi-year property tax dispute with Uinta County, Wyoming. The matter was settled successfully for our client prior to trial.
Invacor Midstream is focused on acquiring, developing, and deploying a platform of complementary midstream and pipeline integrity related solutions. BVA advised Invacor management on the potential acquisition by valuing the tangible assets under an orderly liquidation premise of an offshore equipment rental company.
Alta Mesa Holdings, LP constructed a natural gas and hydrocarbon processing facility and pipeline on Highway 30 located in New Plymouth, Idaho. BVA tested the tangible assets of the Highway 30 Treating Facility for potential impairment pursuant to ASC topic 360. BVA also provided a fairness opinion to the board of directors of Alta Mesa related to a newly formed joint venture with Blueknight Energy Partners, L.P. (NASDAQ: BKEP) involving a dedication agreement and the creation of a new crude oil pipeline.
The Situation: Williams Partners acquired Caiman Energy, a natural gas midstream provider. Williams later sued Caiman seeking hundreds of millions of dollars in reimbursement relating to pre-acquisition disclosures.
The Action: On behalf of Caiman Energy, provided financial expert analysis, reports, and testimony in response to various experts put forth by Williams.
