The Fort

#330 - Billy Quinn - Founder @ Pearl Energy - Navigating the High-Stakes World of Energy Private Equity

Jan 11, 2024

Billy Quinn, Founder of Pearl Energy Investments, discusses running due diligence on a fund and operator, predicting the potential success of a company, being a great capital partner, changes in the oil and gas industry, and the future for PE-backed oil and gas companies.

01:28:54

Episode guests

Spring Valley Acquisition Corp

SLANT Energy

Permian Resources

Natural Gas Partners (NGP)

Billy Quinn

Infinity Natural Resources

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Building a real partnership and collaborative relationship between investors and management teams is crucial.

Passion, strategic career moves, and networking play a significant role in entering the oil and gas private equity industry.

Assessing the true value of assets, having a strong management team, and being prepared for market downturns are crucial in the oil and gas industry.

Deep dives

Importance of Partnership and Collaboration

Building a real partnership and collaborative relationship between investors and management teams is crucial. Open communication and mutual respect lead to better outcomes, as no one is afraid to make mistakes or propose ideas. It is important for teams to share information and seek advice, as this enhances the investor's confidence and trust in the relationship.

Introduction

2min

Building an Incredible Real Estate Enterprise and Investing in Industrial Real Estate

3min

Navigating the Challenges of Energy Private Equity

22min

The Importance of Hiring Great People

28min

Optimal Oil Prices and the Impact of Consolidation

3min

The Future of Private Equity Backed Oil and Gas Companies

16min

The Importance of Industry Relationships and Passion for MMA

8min

Wrestling and the Benefits of a Global Workforce

7min

Billy is the founder and Managing Partner of Pearl Energy Investments and manages the firm. He currently sits on the board of most Pearl portfolio companies including Permian Resources, SLANT Energy, Infinity Natural Resources, and Spring Valley Acquisition Corp.

Before founding Pearl, Billy served as Co-Managing Partner of Natural Gas Partners (NGP) for almost 20 years. As Managing Partner, he co-managed NGP’s investment portfolio and played an active role in the full range of NGP’s investment process. In addition, Billy gained valuable investment experience working for Rainwater, Inc. and Hicks, Muse, Tate and Furst, Inc. He also worked as an analyst in the investment banking divisions of Bear Stearns & Co. and BT Securities Corporation.

On this episode, Chris and Billy discuss: