In the News

WSJ Pro Quotes Ryan Purpura on Competitive Private Equity Bids in Permian Basin

October 11, 2017

McGuireWoods partner Ryan Purpura, chair of the firm’s oil and gas practice, was quoted in a WSJ Pro article discussing competitive bids to secure private equity investments for midstream oil and gas deals in the Permian Basin, the United States’ most active shale drilling region.

In the Sept. 29 article, Purpura noted, “There’s tremendous competition right now in the midstream space, particularly in West Texas, in the Permian Basin.” He added, “I have yet to work on one [transaction] that’s not a competitive bid situation.”

The article, titled “Awash in Capital, Midstream Investors Fight to Win Deals,” is available online to WSJ Pro subscribers. It also is published in the October edition of Dow Jones’ Private Equity Analyst magazine and online.