Pickering Energy Partners launches energy consulting practice
Pickering Energy Partners, an energy investment management firm, has launched a dedicated consulting practice.
Pickering Energy Partners traces its origin back to 2004, when Dan Pickering founded PEP as an institutional energy research firm. In 2007, the company underwent a merger to become Tudor, Pickering, Holt & Co, an investment and merchant bank focusing on the energy sector. The company was acquired by Perella Weinberg Partners in 2016, and PEP was spun off in 2019.
Based in Houston, today’s PEP offers asset management services, with capabilities and products across energy private equity, co-investments, operating joint ventures, and equities. The firm also delivers investment research to help industry clients manage the current energy transition being driven by lower oil prices, electrification, and renewable energy.
With high demand for advisory support in a battered oil & gas industry, PEP will now formally open a consulting practice. “At Pickering Energy Partners, we have decades of experience and a proven track record of success throughout the ups and downs in the energy industry,” said Dan Pickering, chief investment officer of Pickering Energy Partners. “In this challenging time, we have decided to expand into services that we have traditionally done only on request from large clients. By expanding our expertise, knowledge, and resources to advise a broader set of clients, we stand ready to guide them through the 2020 turbulence and the energy markets of the future.”
The consulting practice will offer financial services advisory in asset assessment and strategy, portfolio review, and due diligence. The practice will also offer environmental, social, and governance (ESG)-related services in planning and analysis, data collection, and communications.
PEP’s current team is composed of more than a dozen consultants, private equity professionals, and research analysts with a combined 150 years of experience in energy market analytics, research, and principal investing.
The firm will be looking to add additional consulting team members in the coming months, with current openings at the analyst, vice president, and partner level.
“At a time when we are seeing unprecedented activity in the market, it’s important for businesses in the sector to have the best counsel available to them,” added Pickering.
