Capital providers are becoming more wary of — and increasingly absent from — oil and gas. It’s been suggested that banks will begin taking a corporate-finance approach to operators’ revolvers.
The era of build-and-flip is over, but private-equity investors are ever-astute in finding ways to get a return on investment.
Everything changed in 2020, and maybe forever. How will the way operators approach production, rig count and capital affect deal flow?