In three short years, Venado Oil & Gas built a formidable position in the Eagle Ford Shale with a staggering sum of private-equity capital. And it has no intention of selling anytime soon.
Say it ain’t so! Chesapeake Energy Corp. alerted investors about a possibility it would be unable to remain a going concern through next year if low commodity prices persist. But is it really a big deal?
The plight of private equity in an exit-challenged market pivots on perspective. And focusing on the lack in the short term risks missing the abundance in the longer view.