According to PLS, Inc., a Houston-based oil and gas research firm, the oil and gas industry raised quite a bit of money in 2016 despite featuring almost 115 bankruptcies over the last two (2) years.
PLS compiled data reviewing the capital markets activity for 2016 according to a news release. Some of the more notable figures included the $186 billion the oil and gas industry raised through U.S. public offerings across 346 bond and equity deals. The $186 billion raised was actually $10 billion less than what was raised in 2015, according to PLS.
According to PLS, banks obtained an aggregate of $2.3 billion in fees on the money raised in 2016. PLS also listed the top-10 banks for U.S. energy equity deals in 2016. Among others, notable inclusions in that list were Morgan Stanley, Barclays, Credit Suisse, RBC Capital Markets, Citigroup, and Wells Fargo.