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.
OILFIELD SERVICES
The oilfield services sector provides the infrastructure, equipment, intellectual property, and services needed by the upstream, midstream, and downstream oil and gas industry to explore for, extract, and transport crude oil and natural gas. Companies in the oilfield services sector are impacted by shifts in oil and gas prices due primarily to the direct impact on drilling activity and production. Technology also plays a major role in the sector as less conventional sources of exploration and production rely on more advanced technology to extract natural resources. BVA professionals have a deep understanding of the issues faced by participants in the oilfield services sector, enabling us to provide our clients with insightful and efficient consulting regarding valuation, economic damages, and various corporate finance issues.
Intervale Capital is an energy-focused private equity firm that invests in middle-market oilfield services, manufacturing companies and related technologies. The firm has raised $1.3 billion of committed capital since 2006 and is currently investing from its third fund. BVA provided valuation analyses concerning purchase price allocations, and a fairness opinion regarding the consolidation of multiple portfolio companies.
The Situation: Plaintiff claimed that Halliburton's proppant delivery system breached contracts and misappropriated its trade secrets.
The Action: On behalf of the defendant, BVA rebutted plaintiff’s damages and prepared an alternative affirmative opinion. For the affirmative opinion, BVA prepared a damages model through analysis of contracts, license agreements, and financial records to determine avoided costs and financial benefits attributable to the asserted trade secrets.
GlobaLogix Inc. is an expert in SCADA system designs, I&E construction, network design, system, controls, and electrical engineering, PLC integration, PLC programming, and communication network services. The company provides engineering consultancy services which include independent evaluations and recommendations for system designs at the wellhead, through the pipeline, to the control room and beyond. GlobaLogix also provides oversight of equipment installation and on-going support services to their clients. BVA has provided management planning services regarding the value of the business for GlobaLogix.
BVA has provided tangible asset financial reporting services to Helmerich & Payne related to offshore drilling rigs in multiple foreign jurisdictions. Helmerich & Payne, Inc. is a petroleum drilling company engaged in oil and gas well drilling for exploration and production companies headquartered in Tulsa, Oklahoma. In 2017 the company reported revenues in excess of $3.72 billion.
