Haynes Boone Partner Kraig Grahmann was featured in an article from Hart Energy as family-owned oil companies might be less relevant today, but family capital hasn’t completely left the oil and gas sector.
Respondents in Haynes Boone’s Spring 2024 Borrowing Base Redeterminations Survey expect to see a “meaningful drop” in the use of equity capital markets this year, with the shortfall made up by growth in equity from family offices and private equity.
Family office and private equity are more expensive from a cost of capital standpoint, said Grahmann.
To read the full article from Hart Energy, click here.
