VRC provided a required valuation of tangible and intangible assets for a Master Limited Partnership (MLP) client in support of a purchase price allocation. There were no detailed fixed asset records; VRC needed to overcome significant data limitations.
We were retained by an energy production company whose subsidiary acquired distressed energy assets from an energy & production company. In selecting a valuation methodology, we needed to consider the significant divergence in the enterprise value of the business versus the un-discounted value of the assets given the dramatic drop in commodity prices at the time.
In 2015, oil prices plummeted, which had a profound effect on the value of oil & gas and energy companies.
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Master Limited Partnership arrangements are gaining significant attention as energy-related MLPs represent over $220 billion of aggregate market value.