Gene Shepherd, CEO of VTX Energy Partners, is on the hunt for $1 billion deals in the U.S. Lower 48 and the Permian Basin in particular. But what the founder and former president and CEO of Brigham Resources LLC finds concerning as he wades back into the industry is that strong oil prices and formidable E&P returns haven't pushed capital providers to open up their wallets. "The degree to which the financial community has been willing to overlook what appeared to me be very attractive returns and ... the practical needs of the growing global economy-that's alarming," Shepherd said at Hart Energy's DUG Permian Basin and Eagle Ford Conference. "That's a little bit alarming."
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