Lookout ESG ! The Wall Street Journal reported this week that oil and gas investment funds in the United States are seeing renewed interest from investors in the industry. One of these, Post Oil Energy Capital, told the WSJ’s Luis Garcia that “We see investors more interested in investing in our new funds going forward than we’ve seen in the last 18 to 24 months.”
The firm also said it had plans to set up a new investment fund to take advantage of newly opened investment opportunities in the oil and gas space. A sector player named Lime Rock Management, for its part, told the WSJ’s Garcia that it had recently raised more than $500 million to spend on oil and gas fields.
It appears that, unlike the persistent constraints in the industry itself, which are preventing U.S. producers from boosting output as quickly as many would like them to, energy investors cannot resist prices of above $100. And these are likely to remain there for a while yet.