Private equity's role in today's E&P business
As I complete my 34th year in the E&P business, I often reflect on my good fortune at having had an exciting, rewarding career. Although it seems to have happened gradually, the business looks nothing like what it did 34 years ago, when I started with Amoco in New Orleans as a junior geologist. In the grand scheme of things, the E&P business has not changed on the outside, but its structure, and how it functions in today’s world, have changed significantly. The business I started in looks fundamentally nothing like the business I work in today.