Private equity firms are gearing up to invest in the oil and gas sector, according to a survey by Ernst & Young, as they sense an opportunity after low crude prices eroded the industries' profitability. The survey shows 5% will be invested in the next three months, 25% in the next six months and 45% in the first half of 2017. Fifty-nine percent of firms have not delayed an exit. In addition, private equity firm KKR is planning on investing $350 million into energy companies over the next two years, with plans for another $100 billion investment coming later this year.
Private equity firms are gearing up to invest in the oil and gas sector, according to a survey by Ernst & Young, as they sense an opportunity after low crude prices eroded the industries' profitability. The survey shows 5% will be invested in the next three months, 25% in the next six months and 45% in the first half of 2017. In addition, private equity firm KKR is planning on investing $350 million into energy companies over the next two years, with plans for another $100 billion investment coming later this year.