The natural gas sector has been undergoing some fundamental changes the past few years due in part to technological innovations and also because of the development of unconventional shale gas resources.
Combining expertise and sharing information helps the company control costs and produce more efficiently, thus generating more value for its investors.
Unless the managers of the private capital funds wake up soon and pay attention to new business, the risk is that they and their current investors will miss out on this generation of true value creators.
Oil and gas companies, by the very nature of the high risk and cyclical business in which they are engaged, are prime candidates for financial restructuring.
Renewables won't replace fossil fuels as the main fuel source in the coming decades, so massive energy efficiency programs are needed along with new nuclear power supply and the accelerated development of carbon capture and storage technologies.
Lime Rock, a private equity firm focusing on the global energy sector, has closed Lime Rock Resources II with $410 million in total capital commitments.