Heard On The E&P PE Front: ‘Gloom,’ ‘Doom’ And ‘Dead’

Also heard: “Hunkering,” “fragmented” and “it’s not something we can blame on oil prices.”

Bob Edwards

Bob Edwards, partner, NGP Energy Capital Management LLC, speaks at the recent A&D Strategies and Opportunities conference in Dallas. (Source: Emily Patsy, Hart Energy)

Merging E&P companies intra-portfolio and with E&Ps within other private equity firms’ portfolios is underway, according to Bob Edwards, partner, NGP Energy Capital Management LLC.

NGP merged four in-family E&Ps earlier this year and “we’ve started discussions across private-equity [firms]. There are far too many private companies,” Edwards told attendees at Hart Energy’s 18th annual A&D Strategies and Opportunities conference in Dallas.

Those inter-portfolio mergers will likely be “neighbors that don’t need two pools of G&A.”

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Nissa Darbonne

Nissa Darbonne is author of The American Shales and has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas.