Private Equity executives agreed that the investment space is in a healthier state than at the height of the shale boom and funding is available for “really good teams.”
A survey by law firm Haynes Boone found equity and free cash flow are expected to meet nearly half of oil and gas companies’ capital needs in the next 12 months.
Private equity firm North Hudson Resource Partners’ new fund will target additional non-operated oil and gas acquisitions in the Permian and other basins.
Private equity firms are seeking to make money through the drill bit and by buying noncore assets that large companies are shedding, while family offices are starting to make more aggressive moves.
A new batch of SEC reporting and transparency requirements “scares the hell out” out of private equity funds, but an 83-year-old exemption may mean oil and gas funds are off the hook.
Quantum Energy Partners-backed LNG project on Mexico’s West Coast to rely on gas from the Permian Basin.
The pandemic’s wild SPAC boom helped launch several new public companies in the energy space. But federal intervention and souring investor appetites brought the historic boom back down to earth.
A Truist Securities study finds more diversity in private equity ownership of E&Ps and predicts more of them will keep their ownership for the longer term.
High FCFs allow companies to fund their own projects, return capital to investors and pay off debt without having to delve into high-interest debt.
NGP is targeting low breakeven upstream opportunities in the Permian Basin, Bakken and the Haynesville, Marcellus and Eagle Ford shales.