News Roundups

JPMorgan Secret Oil Emails, Private Equity Seeks Shale Escape, and More

Weekly news headlines about the stimulus and recovery from April 9th, 2020

Private Equity Sees Shale Escape Route by Building Cash Flow

Private-equity firms that bet big on shale for more than a decade finally are seeing glimmers of hope that their investments will bear fruit.

Pioneer Natural Resources Co. took analysts and investors by surprise with its $6.4 billion deal to buy DoublePoint Energy LLC, a Permian shale powerhouse backed by Apollo Global Management Inc., Quantum Energy Partners, Magnetar Capital and Blackstone Credit. It’s the largest acquisition of a closely held oil company since 2011.

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