Upstream investor Kimmeridge Energy Management Co. LLC has the U.S. exploration sector in its sights and is calling out the industry for its “lack of alignment” between the executive management teams and their shareholders.
The New York City-based private equity (PE) firm said in a white paper that executive compensation for the exploration and production (E&P) sector was still rising, even though it is “one of the worst performing sectors” in the past decade. READ MORE