Capital markets favorable for oil, gas firms

All types of capital markets are now favorable for oil and gas companies, say capital providers, noting that financially robust companies are reducing debt, thus increasing the availability of capital for other companies.Frank Weisser, cofounder of Weisser, Johnson & Co., New York, told OGJ Online, "Capital is very available. Oil and gas companies are generating cash flow in this [strong] commodity price environment. The strong companies actually are paying down debt."Weisser was among the participants at a private equity conference sponsored earlier this month in New York City by the Independent Petroleum Association of America. Weisser, Johnson & Co. has provided public and private ener...

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