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Oil and Gas Question. No O&G experience. Private equity jobs.
Posted on 9/12/13 at 1:09 pm
Posted on 9/12/13 at 1:09 pm
Recently I have acquired a little bit of private equity experience, but nothing specific to O&G. Does anyone here have any educated guesses as to how difficult it would be to shift from experience at a general p.e. firm to one in the O&G sector?
I was looking at O&G p.e. firms lately, and a lot of the ones that came up on Google were from around the Houston & Calgary areas, or else in London or New York City. I was thinking these might not be bad places to live.
Do the following p.e. firms mostly cover the notable firms in the Louisiana & Texas areas, or are there others that I am missing besides the following?:
Denham Capital (Houston, London, etc.)
Blue Water Energy (London)
EnCap Investments (Houston, Dallas, San Antonio, etc.)
Lucas Capital (Redbank, NJ, & Northport, AL)
Annapolis Capital (Calgary, Alberta)
Iroquois Capital Opportunity Fund (NYC)
Ridgewood Capital (Houston & NJ)
SW Capital Partners (Calgary & Houston)
NGP Energy Technology Partners (DC & New Orleans)
Quantum Energy Partners (Houston)
Kanye Anderson Capital Partners LP (Los Angeles, Houston, and 6 other locations)
White Deer Energy (Houston & NYC)
I was looking at O&G p.e. firms lately, and a lot of the ones that came up on Google were from around the Houston & Calgary areas, or else in London or New York City. I was thinking these might not be bad places to live.
Do the following p.e. firms mostly cover the notable firms in the Louisiana & Texas areas, or are there others that I am missing besides the following?:
Denham Capital (Houston, London, etc.)
Blue Water Energy (London)
EnCap Investments (Houston, Dallas, San Antonio, etc.)
Lucas Capital (Redbank, NJ, & Northport, AL)
Annapolis Capital (Calgary, Alberta)
Iroquois Capital Opportunity Fund (NYC)
Ridgewood Capital (Houston & NJ)
SW Capital Partners (Calgary & Houston)
NGP Energy Technology Partners (DC & New Orleans)
Quantum Energy Partners (Houston)
Kanye Anderson Capital Partners LP (Los Angeles, Houston, and 6 other locations)
White Deer Energy (Houston & NYC)
5
Posted on 9/12/13 at 2:22 pm to Doc Fenton
I think it would be tough, but not impossible, depending on the size and complexity of deals at the firm you're with now and any prior experience to that. Some of those firms are pretty big, and really only hire the top guys from the top investment banks and P/E firms. In my opinion you'd put yourself in a better position trying to get in at a smaller firm.
Posted on 9/12/13 at 2:31 pm to Doc Fenton
I know several guys that have gone from O&G to PE but I can't think of any off the top of my head that went the opposite. My initial thought is it would be very difficult to got to O&G from PE if your PE experience isn't directly related to O&G simply because of the very high degree of specialized knowledge in O&G, but I assume you already know that.
Not sure if you know the below links but they are helpful to get a basic idea of the industry.
To search for PE firms
O&G PE News
Not sure if you know the below links but they are helpful to get a basic idea of the industry.
To search for PE firms
O&G PE News
Posted on 9/12/13 at 2:35 pm to Doc Fenton
There are some LSU folk at Denham (and probably a lot of the others too).
Posted on 9/12/13 at 7:40 pm to GaryMyMan
I'm trying to get into O&G PE right now. Its pretty hard. Basically you need to have some good IB experience or a lot of upper management with O&G companies. I've done a variety of things with a large service comapny and I'm in my second year of an MBA mccombs. Its likely going to be a two part process for me to get into PE. I'm gonna have to get into IB or make some serious connections. I'm more interested in the operations side than the finance side but i still like finance.
I like the thought of growing companies. My other alternative is to try and get a job with a private equity owned firm.
The biggest thing is networking. Network. Network. and then netowrk some more.
I like the thought of growing companies. My other alternative is to try and get a job with a private equity owned firm.
The biggest thing is networking. Network. Network. and then netowrk some more.
Posted on 9/12/13 at 8:08 pm to barry
I started going through the bios of the people in those links. Jesus. Every single person has multiple degrees, mostly from very very good schools. I got excited when I saw someone with a JD, only to realize it was from Harvard.
Posted on 9/12/13 at 10:39 pm to GaryMyMan
You aren't working at a PE without multiple degrees unless its a larger one that has some sort of analyst type position.
Posted on 9/13/13 at 4:12 pm to Doc Fenton
Most O&G PE guys I know are engineers with MBAs.
Posted on 9/13/13 at 4:18 pm to cwill
Yeah. This sounds like it's not the route for me.
I don't think I'm actually good at anything.
I don't think I'm actually good at anything.
Posted on 9/13/13 at 4:28 pm to Doc Fenton
Very difficult to make the transition unless you have an operations background (reservoir engineering) or did energy banking at a top shop for a few years.
Also, make sure you know what you want to focus on as some of the firms you listed are very narrow in scope (e.g. some do just OFS, some do only private MLPs, more traditional buyout money, some only back upstream mgmt. teams).
Also, make sure you know what you want to focus on as some of the firms you listed are very narrow in scope (e.g. some do just OFS, some do only private MLPs, more traditional buyout money, some only back upstream mgmt. teams).
Posted on 9/13/13 at 4:56 pm to barry
False. Experience matters much more.
Posted on 9/13/13 at 8:01 pm to Athanatos
quote:
False. Experience matters much more.
Yea which he doesn't have. Obviously if you worked at Simmons in their IB group you can probably go apply anywhere. But he doesn't have that. So he's gonna need to make connections.
Posted on 9/13/13 at 8:13 pm to barry
My comment was more directed to advancing within PE. Point taken if you want to do OFS...
Posted on 9/13/13 at 8:19 pm to Athanatos
quote:
My comment was more directed to advancing within PE.
Ok.
Posted on 9/30/13 at 11:48 pm to barry
You have an MBA or MSF? at Cox right now, and the networking resources (particularly the energy program) is outstanding. Sure McCombs is just as good. I would think that would improve your chances.
Posted on 10/2/13 at 12:01 am to wpsnickers
Nm
This post was edited on 10/2/13 at 7:48 am
Posted on 10/2/13 at 1:25 am to chauncey1
I want to get into investment banking so can get into private equity.
I'm 50/50 on if worth MBA for those jobs. What I'm curious is how those bankers and people with huge credentials aren't burnt out
I'm 50/50 on if worth MBA for those jobs. What I'm curious is how those bankers and people with huge credentials aren't burnt out
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