Oil and Gas Private Equity
Can someone please elaborate on careers at a PE firm working in oil and gas sectors ?? typical projects ?? hows the work ?? im eager to work at a PE firm preferably in oil n gas sector.
http://www.riverstonellc.com/
http://www.encapinvestments.com/
http://www.firstreserve.com/go.asp?Go=!SiteStation&x=TPLGen&ResType=Fol…
Look up Denham Capital.
First Reserve and Natural Gas Partners are two of the big players
@Erebus & manbearpig - Thanks a lot for a prompt reply. I have already gone thru these links ...but i need to know the experiences of people working there ...both pros and cons.Someone pl. help.
NGP, First Reserve, Limerock, Riverstone, Encap, etc.
Those are all solid shops with extremely smart people (well some more than others). NGP, First Reserve and Riverstone are typical ex-banking types; i think both may have a 2 and out program (and most go to H or S). They've obviously ridden the wave up and down the past few years, but they make good money.
HS,
currently m working as an engineer in an O&G exploration firm ....can u pl. help me figure out a way to get onto PE track in the industry.
cheers
HS,
currently m working as an engineer in an O&G exploration firm ....can u pl. help me figure out a way to get onto PE track in the industry.
cheers
It'll be tough. PE is difficult to get into already; trying to go to a sector specific fund is even harder. The issue is, as an engineer, you really lack the necessary skills of evaluating deals (i.e. all the modeling skills of an ex-banking analyst and familiarity with debt structures, etc.). I would say you'd have a better shot of going to b-school first and maybe heading towards corporate finance. PE shops will value your technical knowledge of O&G but as a junior person, it won't help much.
That being said, these firms have a bunch of portfolio companies that have management teams who are tasked with figuring out where to invest/buy/develop. Maybe you could get into one of those..
i have just started my career working at the engineering firm for the time being ....and looking for an MBA from tier1 b-school in India.I'm quite fascinated by the PE work and compensation ...knowing reaching there isn't easy ..i'm trying to get into a market research firm (only available option) ..hope that helps.
btw Is it difficult for engineers to reach that profile(PE)....or its coz my work current work ex is irrelevant to them ...which is the bigger concern??
No offense, but your english is the bigger concern. Fascinated by the PE compensation?! I'd drop that line if you are poking around talking to PE guys, EVERYONE is "fascinated" by PE compensation and would like that make that kind of money....
does a technical field(engineering) experience helps one in a PE career ?
HS:
"That being said, these firms have a bunch of portfolio companies that have management teams who are tasked with figuring out where to invest/buy/develop. Maybe you could get into one of those.."
Please elaborate a bit on this ...i really appreciate your effort..pls help.
I agree with Serendipity, much more feasible is to come in as an operations-side associate and try to get in with the deal team. One sponsor that has a great internal asset management team is ArcLight, which calls their internal consultants/operatiors "CAMS" and I believe provides services to companies that are not ArcLight portfolio companies as well.
I also agree with Mistabrooks, I know people treat forums less formally than they do other situations but people will help you more if your posts are more legible.
@ MB & KPC : Thanks for pointing that out.(i'll take care of that in future posts.)
@ MB & KPC : Thanks for pointing that out.(i'll take care of that in future posts.)
Oil and Gas PE (Originally Posted: 09/16/2011)
Can someone please elaborate on careers at a PE firm working in oil and gas sectors ?? typical projects ?? hows the work ?? im eager to work at a PE firm preferably in oil n gas sector.
ummm...try the search function and also posting in the PE forum could help.
Oil/Gas PE Models - Please Help! (Originally Posted: 08/19/2011)
Can anyone help me out? I have a PE analyst interview coming up and I want to know my stuff. Does anyone have a model they can send me for oil/gas exploration and production companies?
I'm thinking of getting BIWS too to help refresh. Or should I get WSP and have a refrence book to keep with me insted of videos?
PLEASE HELP IF YOU CAN!!!
PM me your email
O&G Private Equity (Originally Posted: 05/28/2014)
I haven't seen a whole lot of discussion here about private equity in the energy sector. I'm familiar with the various firms but am more interested in the different nuances that distinguish this subindustry from the rest of the PE universe in terms of the daily work of an associate. Also, how does it compare in terms of compensation, hours, etc.?
One thing I've noticed about the industry in Houston is that many firms tend to adopt a roll-up strategy more than I've seen in other PE (this could just be my personal experience with the oilfield services part of the industry). O&G is an extremely broad term and you'll see that strategies will be very different between Offshore, Oilfield Services, Corporate Venture platforms, Midstream, Downstream, and Commercial.
Oil/Gas, Asset-Intensive PE firms in LA/SF (Originally Posted: 03/10/2016)
I'm a energy IB analyst, interested in seeing what exists in LA/SF for PE.
So far, I'm seeing that Ares has 2 E&P companies in their portfolio, and they're pretty big in LA?
What about Fortress in SF -- I know they do a lot of distressed stuff, anything energy related?
Thanks guys for any thoughts.
Interested as well
Ares does some energy (I think their Dallas office handles a lot of their energy investing though), TPG does energy (I believe most of the team is in NYC though), KKR's infrastructure group is in Menlo Park (they do quite a bit of midstream stuff if that's your thing), ECP has a San Diego office (believe it's a lot of renewables, but not sure). Oaktree does some energy, but don't know a lot about them. Beyond that, not a lot that I can think of
Oil and Gas focused PE/HF? (Originally Posted: 03/04/2010)
Hey everyone, I have a couple years experience doing finance work for a tiny start up oil company (drilling, exploration) which went public not too long ago. At some point I'd like to maybe leverage this "expertise" into a FO job at a buy-side firm. Anyone have a list of the good-ish PE or HFs that specialize in oil and gas companies?
Try doing a search for Houston based PE/HF as they mostly deal with energy
First Reserve, AIG Highstar, Riverstone (Carlyle), Lime Rock, Natural Gas Partners (NGP), ArcLight, Quantum Energy, Avista and maybe HM Capital and Kayne Anderson are the most well known funds that focus on specifically on energy. Some of the megafunds also have an energy group (KKR, Warburg, GSO come to mind), but they obviously do not specialize
Quintana, SCF, EIF, Sterling, Encap, Denham capital, American infrastructure MLP, Energy Spectrum are a couple of others
Not too sure about hedge funds other than Centaurus, of course.
Hope this helps
Any other energy focused hedge funds?
PPPPE-Oil and GAs (Originally Posted: 09/16/2011)
Can someone please elaborate on careers at a PE firm working in oil and gas sectors ?? typical projects ?? hows the work ?? im eager to work at a PE firm preferably in oil n gas sector.
Yo, posting more threads is not going to endear people to your cause. You gotta just relax and wait.
That said, there may be a couple people on the site in O&G Private Equity... however I can tell you there are a couple divisions. Firstly, some funds work in traditional PE space (Riverstone, Limerock, Natural Gas Partners etc.) within that sector and some function exclusively in the function in the purchase of infrastructure assets [down/mid/upstream] (Highstar Capital etc), and some (only megafund First Reserve comes to mind) invest in both. Most of those firms, even FR in a way are very small; almost all the employees came from top Energy/O&G groups in Houston/NY, and the compensation as such has a very high upside.
I'm sure you're eager to work in O&G PE, but what are your stats? Are you a banker at Barclays/GS/JPM/Citi in Oil and Gas of Global Energy? You have some important questions to ask yourself my friend.
Cheers, IG
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