David S. Butler Jr., ASA-BV, CPA
Phone: (713) 771-5011
Fax: (713) 759-0968
952 Echo Lane, Suite 200
Houston, Texas 77024

David S. Butler Jr., ASA-BV, CPA

Manager | Houston

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Phone (713) 771-5011

David Butler is a Manager in the Business Valuation practice. His areas of experience include valuing businesses, intangible assets and equity ownership in connection with purchase price allocations, impairment testing, buy-sell agreements, employee stock ownership plans, exit planning, fairness opinions, federal tax litigation, gift and estate tax valuations, C-to-S conversions, reasonable compensation studies, litigation, marital dissolution, and shareholder/partner disputes. He has performed fair value engagements for both privately held businesses and SEC registrants.

Mr. Butler has experience in diverse industries including architecture & engineering, commercial real estate, distribution, energy, financial brokerage, diversified manufacturing, trucking, retail, software development, and supermarkets. He has valued non-operating entities (partnerships, FLPs, complex GRATS and other estate planning vehicles) with a variety of assets including working oil and gas interests, undivided real estate interests, promissory notes, commercial and rental real estate, complex distribution tranches, farmland/ranches and undeveloped land.

Mr. Butler has experience valuing intangible assets including contingent consideration, assembled workforce, tradenames, patents, software, deferred revenue, TV and radio broadcast contracts, natural gas contracts, non-compete agreements, favorable/unfavorable leases, franchise rights, advertising/sponsorship contracts, naming rights, concessions agreements, season ticketholders, stadium suites, and customer relationships.

Mr. Butler's energy-related valuations include oil and gas (upstream / E&P, midstream including FERC-regulated pipelines, downstream blending and marketing), oilfield services (drilling contractor services, drilling rigs and rig equipment, drilling fluids and proppants, pressure-pumping services, well maintenance equipment and services, offshore engineering, OCTG/pipe inspection, well completion services) and retail energy distribution (electricity and natural gas).

Education
Master of Accountancy, University of Nebraska-Omaha, 2002
University of Nebraska-Omaha, College of Business Administration, Outstanding Graduate Student in Accounting Award, 2001
MBA, Marketing, Vanderbilt University, May 1988
BA Cum Laude, with Honors, Economics and Political Science, Millsaps College, May 1986
Accreditations & Licenses
Accredited Senior Appraiser of the American Society of Appraisers (ASA) – Business Valuation
Certified Public Accountant (CPA) – State of Nebraska
Professional Affiliations & Activities
American Society of Appraisers (ASA)
Chairman, Houston ASA Energy Valuation Conference Committee, 2014-2015
Texas Society of CPAs
Houston CPA Society - Vice-Chairman, Energy Committee
Publications & Speaking Engagements
"An Overview of the Business Valuation Process", Houston CPA Society – Houston, Texas
"Case Studies in Oil and Gas Valuation," Petroleum Accountants' Society of Houston - Houston, Texas
"Using the §1.704-3 and §1.1245(e) Regulations to Allocate Gain Arising from the Sale of §1245 Property by a Partnership", Master's Thesis, University of Nebraska-Omaha

This is not a CPA firm.