Private Equity Cashes In After $30 Billion Shale Exit Deals

Private equity firms have rewarded investors handsomely in recent months after divesting more than $30 billion worth of oil and gas assets in the U.S. shale patch in a blockbuster year for American upstream mergers and acquisitions. Buyout firms with oil and gas assets sold an estimated $30.55 billion worth of these last year, and consequently, they paid billions of dollars to the investors of their oil and gas-focused funds, The Wall Street Journal reports. As oil and gas producers, flush with cash from the 2022 record profits, started scouring…