Oil & Gas Restructurings Signal Paradigm Shift

Q&A With Opportune Managing Partner David Baggett: Oil & Gas Restructurings Signal Paradigm Shift

The upstream oil and gas industry is currently undergoing a paradigm shift as companies scramble for cash and face bankruptcies and restructurings under the weight of heavy debt loads while operating in one of the worst downcycles in history. In the last several months, we’ve seen the OPEC/Russia oil price…

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Author Profile
David Baggett
Managing Partner - 

David, the Founder and Managing Partner of Opportune LLP, has over 30 years of industry and consulting experience in the energy industry.

Prior to founding Opportune, David was the President, COO and CFO of a consolidation of construction companies comprising the largest residential plumbing and mechanical company in the United States with 6,000 employees in 35 locations. David started his career at Deloitte & Touche where he became Partner-in-Charge of the Firm’s energy audit practice based in Houston. David was also in charge of the corporate finance group for the Southwest Region where he led due diligence teams on several large acquisitions and formulated business plans for new ventures. David left Deloitte to be the Senior Vice President & CFO of a publicly traded exploration & production company where he sourced and closed acquisitions and accessed the public and private capital markets. David previously served on the board of directors of North Star Energy, Marlin Midstream GP, LLC (MLP), AMPAM, Genesis Energy MLP, Encore Energy Partners (MLP) and ERCOT, the independent system operator for electrical markets in Texas.

David also served on the board of the Dean’s Development Council of the Mays Business School at Texas A&M University and is currently the longest serving member of its Accounting Department Advisory Council. David was named an Outstanding Alumnus of the Mays Business School in 2011. In 2016, David was recognized by the Accounting Department at the Mays Business School by being named to the initial class of its Accounting Hall of Honor.

David graduated with honors with a BBA in Accounting from Texas A&M University.

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