"Shale Game Has PE Rushing to Boost Know-How," Law360
Corporate Partner Corey Brown was quoted in “Shale Game Has PE Rushing to Boost Know-How,” Law360. As focus shifts to upstream shale exploration, private equity firms are expanding their expertise by teaming up with energy industry companies. Brown stated, “They’re buying a Rolodex. They’re buying people who understand the assets.” With the cost of exploration so high, the need for expert knowledge is necessary to reduce the risk of a major loss. “Big dollars involved give private equity firms key advantage, because they have debt-free cash to put on the table, Brown said. ‘There is a massive need for investment in upstream development,’ he said. ‘You need big players with deep pockets.’”
To read the full article click here.