Investors See Opportunities in Oil & Gas Market as Big Players Adjust to New Reality
Investors See Opportunities in Oil & Gas Market as Big Players Adjust to New Reality
SUGAR LAND--September 3, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Oil & Gas Industry overindulged--again--in the run-up to the crude-oil price collapse that started last summer, and that is creating opportunities for private equity firms and others as the industry is faced with the need to reduce debt, restructure loans, sell assets, and restore its collective balance sheet, speakers here told the 27th Annual Rocky Mountain Energy Summit, held in Denver last week. Oil & gas companies were overly optimistic when oil prices were high, speakers said at the event, which was organized by the Colorado Oil & Gas Association (COGA) (Denver, Colorado). Few people paid attention to costs--and when crude-oil prices began falling, plans started unraveling.
Within this article: Details on the state of the North American Oil & Gas Industry, with insights from companies such as Kolhberg Kravis Roberts & Company LP (NYSE:KKR), Royal Dutch Shell plc (NYSE:RDS.A) EnCap Investments LP and Lazard Limited (NYSE:LAZ).
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