TULSA, Okla., Nov. 16, 2017 – A top-tier oil and gas operator has selected Stonebridge Consulting to provide M&A integration services in support of the company’s $500 million acquisition of production and drilling assets in East Texas and North Louisiana.
Stonebridge will assume management responsibility for standing up new operations systems, integrating acquired assets across all business domains (Land, Accounting, Operations, Gas Marketing) and managing dependencies for the acquired data. In this role, Stonebridge will:
- Monitor activities and communications related to the acquirer’s departmental personnel and processes
- Serve as the liaison between the seller and buyer
- Manage the transitional service agreement (TSA) requirements and timeline during the transition period related to areas of responsibility
- Coordinate with software vendors and third-party service providers and negotiate software licensing agreements
Systems and software vendors in scope include P2 BOLO for land and accounting functions, Peloton® ProdView® for production accounting, Peloton® WellView® for drilling, completions, and workovers, CygNet for SCADA, Intelex Asset & Compliance Tracking System (ACTS) for environmental management, Gregg Engineering WinFlow for pipeline compliance simulation and PCS for corrosion management. Additionally, Stonebridge will evaluate viable gas marketing solutions and recommend a best-fit option for the client’s post-acquisition needs.
Stonebridge’s client is a privately held oil and gas company based in Houston. It holds major positions in several horizonal plays in the Ark-La-Tex region.
According to Stonebridge Managing Director Kate Stevenson, managing TSA costs while increasing operational efficiencies are the key factors in the client’s decision to engage Stonebridge.
“Maximizing the long-term value of acquired assets is a complex, time-sensitive exercise,” Stevenson said. “The time-to-value clock starts ticking well before the transaction closes, and the need for the accelerated integration of people, processes, and technology requires a methodical, disciplined approach that balances pre-closing planning with focused execution. Our client clearly saw the advantages of Stonebridge’s deep O&G functional, advisory and technical expertise as the most effective way to accelerate the value of their acquisition.”
For more information on how oil and gas companies are accelerating the accretive value of their acquisitions through Stonebridge’s M&A Services, visit www.sbconsulting.com/services/ma-integration.
Stonebridge Consulting, LLC, is a leading provider of business advisory and technology services for next-gen oil and gas. Stonebridge’s services help oil and gas companies produce hydrocarbons efficiently and safely, optimize volumes, increase margins, and maximize returns. Headquartered in Tulsa and with offices in Houston, Oklahoma City, and Denver, we serve the oil and gas industry exclusively, with targeted solutions for upstream, midstream, downstream and oilfield services companies focused on resource plays in North America. More information about Stonebridge Consulting is available at www.sbconsulting.com.
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