“Dallas Fed survey: ‘Unbelievable’ money flowing into Permian”
Oil drillers expect to be able to strike a profit at a lower price per barrel in certain active basins as the market is expected to recover and investments are pouring back into the industry, according to a survey published by the Federal Reserve Bank of Dallas Wednesday.
Ann Marie Cowdrey, a partner with Thompson & Knight, represented privately-backed Silver Hill Energy Partners when it was bought by Dallas-based RSP Permian for $2.4 billion last year in an effort to expand into the basin.
She said she expected more deals in 2017.
“A lot of our client-based private equity funds, we’re constantly seeing the same management teams doing repeat deals,” Cowdrey said. “It will still be hot.”