With no buyers and no IPOs, private equity exits are essentially closed, leaving assets stranded. These sponsors talk about how they are changing strategies, what they are doing with their investments to sustain value over time, and how incentives are changing for management teams. This panel takes a deep dive into the changing landscape in private equity and what the future looks like for those teams trying to exit.
This presentation was recorded at the recent Energy Capital Conference & exhibition in Dallas.
MODERATOR:
Sarah E. McLean, Partner, Shearman & Sterling LLP
SPEAKERS:
Scott Browning, Principal, Apollo Global Management
James S. Crain, Partner, EnCap Investments LP
Sam Stoutner, Principal, NGP Energy Capital Management
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Recommended Reading
WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets
2024-05-21 - Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.
APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets
2024-05-20 - APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.
Multi-basin Mayhem: Conoco, Marathon Tout Eagle Ford, Bakken Runway
2024-05-31 - ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
2024-05-16 - Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
Permian Resources Adds More Delaware Basin Acreage
2024-05-07 - Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.