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Record capital available raises the bar
- Article from:
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Oil & Gas Investor
- Article date:
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May 1, 2008
- Author:
- Clouser, Gary
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Copyright informationCopyright Hart Energy Publishing, LP May 2008. Provided by ProQuest LLC. (Hide copyright information)
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Three private-equity providers share their views on the opportunities ahead.
The pile of private-equity dollars available for financing exploration and production, midstream and service companies has never been larger.
In the 2007-2008 cycle alone, private-equity funds specializing in energy, with a lion's share going to E&Ps, are estimated to have more than $35 billion at their disposal-and that's just in the checkbooks of the seven largest funds in the sector, says S. Wil VanLoh, the president and chief executive officer of Quantum Energy Partners in Houston.
This compares to the 2005-2006 period in which about $20 billion was available. The growth in private equity has been dramatic. ...