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Energy Industry Attys Say Deals Changing Post-Downturn

Law360, Houston (May 10, 2017, 3:06 PM EDT) -- The managing director and counsel for GE Energy Financial Services told hundreds of oil and gas professionals at a Baker McKenzie-sponsored conference Wednesday that by some estimates private equity firms have about $1 trillion in funds they're looking to invest in the energy industry, but the price of oil is changing how people structure those deals.

GE's Brandy Copley told the audience, gathered in Houston for Baker McKenzie's fourth annual Global Oil & Gas Institute, that coming out of the downturn that saw oil dip below $30 a barrel, the industry is seeing a rise in “club-like deals,” where two or...

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