Tudor Pickering Holt (PWP Houston) - Updated info and reputation?
Would love to learn more about TPH down in Houston. I heard they are one of the best in Oil & Gas upstream A&D type of work... how are they in downstream / oilfield services / restructuring?
And of course, how’s TPH’s reputation to buyside recruiters/headhunters (exit opps)? Is pay above street like PWP NYC for analysts/associates? Any comments you have about TPH would be helpful, thanks!
EDIT: There’s been news that PWP hired Goldman to prepare for an IPO... how do you think this affects TPH in the future? Lower comp? Bonuses in stock vs all cash?
Went through recruiting with them earlier this year. Idk much about oil & gas at all but in terms of culture, it seemed pretty incredible. The partners and MDs chip in their own money to send their analysts and associates away on a weekend trip somewhere (skiing, beach, lake, etc).
They also emphasize a lot that you will get paid a lot more there than a bulge bracket over your career, but have no idea how true that is. Again, idk much about energy PE but I can name the places I’ve been told: Riverstone, Kayne Anderson, KKR Energy, BlackRock Real Assets, Blackstone GSO. I dont believe anyone has exited to non-energy specific funds. Hope this helps and maybe someone with knowledge on O&G/energy can give you more hekp!