Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more. (Bloomberg) — Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. Simply tapping a team of oil executives to find a good spot in the Permian of West Texas and New Mexico is no longer enough to attract buyers, the Calgary-based researcher said. Investors want proof that companies can generate reliable cash flow. “It will be increasingly rare for companies to flip in the traditional three- to five-year period, even though many portfolio companies put together great asset packages,” RS said in a blog post. “The management teams chosen to build will now […]