8 Comments
 

Barclays and Jefferies have killed the upstream space in recent years. Citi, EVR and to some extent BAML have been really strong in midstream lately (C & EVR get more M&A, but BAML both has done well on the IPO front). Also seen Jefferies on midstream deals lately but that vertical is still fairly new for them.

CS had a good run, and still gets on some big deals, but they have lost so many senior people they have resorted to lifestyle incentives (no saturdays, etc). Would not be my first choice for the long haul but still provide good exits for the analysts.

JPM is centered around upstream but I wouldn't say they do "particularly well". Not bad at all, but not the best. Probably like BAML in a lot of capital markets with an M&A deal here and there. Obviously the broader franchise is strong (JPM).

TPH best known for upstream but see them on some midstream things as well - usually asset sales etc. On big things you usually see them as issuer of fairness opinion.

Simmons obviously best known for their OFS practice.

On the comp front, very well known that TPH pays its people well. Have also heard some insane numbers from Jefferies. The American BB's have paid better lately relative to their european counterparts, but you aren't likely to hit a homerun on bonus day at any of the large banks in Houston. Upside is you aren't likely to strike out either like you might if a boutique has a rough year.

 

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