Who Will Survive the Oil & Gas Shakeout?

The drop in oil prices, by conventional wisdom, should have been a catalyst to distressed buying for private equity firms. However, Vance Scott, Americas Oil and Gas Leader for Transaction Advisory Services for EY, says that while some of that action is taking place, there’s still more time needed to assess the playing field. A close look at reserves will give further indication as to who will win and who will lose in the unfolding market.