Houston Restructuring Exit Ops

Would working at a Houston bank with restructuring deal flow make you a competitive candidate for typical restructuring-based exit ops (i.e. distressed debt investing)? Especially within Dallas?

A lot of people emphasize that Houston banks only place into O&G related exits. During recruiting, I had this beaten into my head. However, restructuring seems like it would be the exception to me because the skills you gain when restructuring companies, as far as I can tell, aren't really industry specific.

Beyond that, it seems like energy would be a really good industry for restructuring experience, since there are always a ton of bankruptcies whenever commodity prices fall. And with a market downturn looming, it seems like they are poised to fall right as I'm entering the workforce. Banks with restructuring in Houston should be getting a lot of restructuring deal flow in the next few years.

If you also factor in the fact that Houston is far closer to Dallas than NYC or any other finance hub, it seems like doing restructuring at a Houston bank would be a natural fit for distressed investing exits in Dallas.

Am I off here? My logic seems pretty sound to me, but I haven't heard of anyone doing distressed investing after doing banking in Houston, and I don't want to work my ass off as an analyst to find out that Houston bankers have a hard time placing into distressed investing roles.