During the last decade, the upward trajectory of private equity investment in the oil and gas industry has been unprecedented. Between 2002 and 2012, the annual number of private equity investments has more than doubled. Although activity dropped during the financial crisis in 2008, the number and value of deals has been rising dramatically, driven by a renaissance in shale resource plays that has produced the highest US oil production in 20 years.
A number of factors have been drawing private equity into the oil and gas industry over the last decade. A white paper from PwC entitled The US Energy Revolution: The role of private equity in oil and gas looks at these factors to better understand the role of private equity in the current US O&G industry.
The US Energy Revolution reviews private equity deal activity over the last decade, detailing where saw significant growth and reductions. The paper also uses the risk profile of each stream of the oil & gas industry to best analyze the opportunities and benefits for private equity investing in each.
Detailed graphs complement the paper’s information, offering a thorough look at this unique element of industry financing. Numerous contacts are included, for subsequent and more detailed information.
The US Energy Revolution: The role of private equity in oil and gas is available here.