Mexican venture capital is hovering over distressed energy companies in the Permian Basin of Texas, the nation’s highest-producing oilfield.
Those companies – including oil and gas drillers, and service companies – crafted budgets when the price of crude oil was 100 dollars per barrel. It’s now in the 50s. And those companies need capital that U.S. banks are sometimes reluctant to give in an oil downturn.
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