SAN ANTONIO--(BUSINESS WIRE)--Unveiled alongside the launch of a new corporate website, One Cypress Energy (OCE) announced this week the introduction of One Cypress Advisory Solutions (OCAS), a new service line providing back office and legal support for small and midsize energy companies. The San Antonio-based firm, which also provides crude oil marketing and terminal services, launched the new site in part to reflect its changing focus in today’s energy market.
OCAS’ introduction comes at a time when many producers are feeling the one-two punch of low prices and mounting debt. Since the beginning of 2015, more than 65 U.S. oil and gas companies have filed for Chapter 11 bankruptcy, with dozens more barely treading water.
OCAS helps energy companies maintain operations to keep oil and gas assets running smoothly during the current market downturn. Recognizing the unique cash flow needs of small and midsize firms, OCAS provides asset-marketing services for producers that need liquidity, as well as outsourced back office and field operations support for companies that need to reduce expenses.
Marketed to trustees, legal departments, and reorganization officers, OCAS also provides legal and regulatory consulting on tricky issues such as bankruptcy, disputes, and issues of compliance. “The legal and regulatory requirements can often be cumbersome and too much for a trustee to do alone,” said Claiborne Gregory, OCE Executive Vice President and General Counsel.
In a difficult market, strategic planning can be the difference between enduring and insolvency—a fact that is not lost on OCAS’ veteran team. “With over 30 years of accounting, legal and operational experience in the oil and gas industry, I’m excited about working with our clients to support their efforts in a way that makes it easier to move though a transition period,” said Steve Owen, OCAS President.
About One Cypress Energy
Founded by Bruce Smith and Greg Wright in 2011, San Antonio-based One Cypress Energy seeks to help partners maximize efforts in crude oil marketing, transportation and trade logistics, and advisory solutions. With more than 40 years of experience in the oil and gas sector, One Cypress Energy leverages experience gained at Fortune 500 companies to solve problems across the energy spectrum. For additional information on One Cypress Energy and its services, visit www.onecypressenergy.com.