Midstream executives bemoan capital market woes from private equity, banks

摘要

Houston-Midstream oil executives speaking Aug. 18 at EnerCom’s virtual Oil & Gas Conference said growth looks increasingly difficult amid the coronavirus pandemic as both private equity and banking capital markets are largely shutting their doors and interest rates are rising where lending is still accessible. Pipeline and processing firms must focus on the boring nuts and bolts of cost cutting and ensuring positive cash flow in order to stay afloat with crude volumes down and bankruptcy filings surging from oil and gas producers, said executives of Vaquero Midstream, Taproot Energy Partners and Steel Reef Infrastructure.