Private equity has always played a significant role in the A&D market, but never has it had more of an impact than it does today. Much of private equity's success can be attributed to its uncanny ability to buy when no one else has capital (e.g. the 2009 financial crisis) and the fortitude to buy assets considered out-of-favor in the current marketplace (e.g. conventional gas). Combine that with the fact that private equity currently has some $80 billion of capital dedicated to the upstream E&P sector, compared with $25 billion eight to 10 years ago, and you can understand why private equity has become such an influence in the market.
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