Private Equity Firms Plead With Government to Help Salvage Oil and Gas Industry

私募股权公司量子能源合作伙伴和NGP能源资本正在询问德克萨斯州监管机构，以帮助石油生产商在冠状病毒大流行中低原油价格挣扎。

本月在德克萨斯州铁路委员会的单独信中，休斯顿为基础Quantum和达拉斯为基础NGP敦促监管机构暂时追溯，或极限，在大量的盈余中，石油产量在巨大的盈余中是毁灭性的行业。德克萨斯州拥有大量石油资产的私募股权公司，每个人都对生产者在当前的全球条件下的可行性表示关切。

“We have our finger on the heartbeat of the oil and gas business in our state,” Quantum founder and chief executive officer S. Wil VanLoh told the Railroad Commission of Texas in a letter dated April 8. “I can unequivocally tell you that the vast majority of oil and gas producers are teetering on insolvency, and many of them will be filing for bankruptcy if these conditions persist for long.”

Quantum和NGP提交了他们的信件虚拟会议on April 14, which the Texas regulator scheduled to consider a共同提起议案从先锋自然Resources U.S.A. and Parsley Energy requesting it prevent any “wasteful” production of oil and gas. In their motion, Pioneer and Parsley pointed to “unprecedented disruption” in the industry stemming from the pandemic and a battle between Russia and Saudi Arabia for share of the oil market.

“We urge the Railroad Commission to issue a temporary proration order that would reduce production throughout Texas on a fair and equitable basis and to encourage other states to do the same,” NGP co-managing partners Tony Weber and Christopher Carter said in the firm’s April 7 letter to the regulator. Quantum’s VanLoh told the Railroad Commission that it “can lead the U.S. in doing its part to reduce global supply to levels that provide a more sustainable oil price so that we don’t bankrupt the oil and gas industry.”

不是每个人都相信政府干预有价值。

临时的奖金命令是“古老工具”，这是一位BDO自然资源和休斯顿大学的爱德华·赫尔斯（Edward Hirs）的“古老工具”，并将在铁路委员会4月14日会议上提供证词。“德克萨斯州将把市场份额置于其他人，”他在一个电话面试中说。他解释说，其他国家监管机构不太可能与类似的原则订单进行干预，让需求转向德克萨斯州以外更便宜的油。

赫尔斯送自己了letter to the Railroad Commission据说德克萨斯州的石油产量占全球需求的约5％。“因为美国石油市场是一个与进出口的自由市场，德克萨斯州石油生产商随处可到处与石油生产商竞争。”他写道。“减少德克萨斯州的产量不会带来在年初他们享受的余额附近的供求和需求。”

Investment funds managed by NGP hold companies that collectively produce more than 150,000 barrels of oil equivalent per day in Texas, according to the private equity firm’s letter.

Quantum和NGP在结束时发送了他们的字母评论期铁路委员会在3月下旬的先锋和欧芹提出的议案之后开幕。韦伯和卡特的电话被推迟到了一个N​​GP发言人，他没有立即回复寻求关于该公司的投资组合和给监管机构的信函的电子邮件。由于私募股权公司的语音邮件已满，努力通过电话到达Vanloh无法立即成功。

根据Vanloh的信，Quantum是德克萨斯州最大的汽钻和生产商中最大的燃气钻兵和生产商之一。他说，私募股权公司直接和间接地雇用了超过1,500人，遍布国家的能源业务。

亚博赞助欧冠报道上个月根据私人市场跟踪器钴的数据，Quantum在2019年复古2012年复古私募股权之一。数据显示，Quantum Energy Partners VI，复古2014年资金，净值约为30％，数据显示。

In Quantum’s letter to the Railroad Commission, VanLoh said oil prices have dropped to low-to-mid $20s a barrel, leaving most producers taking in $8 to $20 a barrel at the wellhead after costs. “There is not one producer in Texas that can make money at those levels,” he said.

Oil was trading around $23 on Monday afternoon, down from more than $100 a barrel in 2014. That compares withcrude pricesthat generally ranged between $50 and $60 a barrel for most of last year, according to data from the U.S. Energy Information Administration.

[II深潜：有利可图的能源标志的神秘面纱]

Texas oil and gas producers have been delivered a “one-two punch,” VanLoh said, with demand destroyed by the coronavirus pandemic plus “the supply surge instigated by Saudi Arabia and Russia to harm the U.S. shale industry.”

德克萨斯州石油产量占美国总数的42％，“铁路委员会处于一个独特的地位，为此问题提供了重要的领导作用，”韦伯和卡特在NGP的信中表示。他们建议在经济衰退之前与公司的生产联系，并结束历史规范的市场重新平衡。“