Newly shaped Quantent Vitality Companions, LLC has accomplished its preliminary acquisition of pure fuel belongings within the Haynesville Shale.
Oklahoma Metropolis-based Quantent Vitality Companions was shaped this 12 months with an fairness dedication from Submit Oak Vitality Companions V, LP.
The preliminary acquisition consists of over 7,000 internet acres positioned in North Louisiana, “underpinned by a sexy mixture of manufacturing wellbores and operated growth stock,” Quantent mentioned in a information launch. The monetary particulars weren’t disclosed.
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Quantent mentioned it has cultivated a deep pipeline of alternatives and is actively engaged in pursuing belongings and growth initiatives throughout the area. The corporate is aiming to additional develop its footprint within the Haynesville, focusing on upstream growth alternatives within the Haynesville and Bossier shale formations throughout North Louisiana and East Texas.
In keeping with the discharge, Quantent’s management consists of trade veterans and co-founders Kevin DeLay, CEO, and Todd Nance, COO, in addition to Aaron Renken, CFO, Matt Thompson, Head of Land and Authorized, and Kurt Vanderyt, Head of Geoscience. A majority of the Quantent administration group’s key management have an extended historical past of efficiently drilling and finishing horizontal wells focusing on the Haynesville formation in partnership with Submit Oak.
“We’re proud to announce the profitable formation of our partnership with Submit Oak and the completion of our preliminary acquisition,” DeLay mentioned. “Our group has a deep familiarity with constructing upstream ventures in collaboration with Submit Oak within the Haynesville and are assured that now we have a associate that may present us with the help and assets required to succeed. We’re excited to proceed to leverage our operational observe file to drive worth from the acquired asset base in addition to subsequent alternatives within the area”.
“We’re happy to as soon as once more associate with the Quantent group on their latest enterprise and are extremely assured of their means to unlock worth in a area the place they possess a distinguished observe file of assembling and growing upstream belongings,” Frost Cochran, Managing Director and founding associate of Submit Oak, mentioned. “The rising want for accountable growth and operation of pure fuel belongings which are strategically positioned in shut proximity to key demand facilities within the Gulf Coast area will complement Quantent’s strategic method to constructing its newest upstream enterprise.”
Quantent describes itself as an exploration and manufacturing firm that’s actively engaged in buying, growing and working upstream pure fuel belongings in North Louisiana and East Texas, the place administration has a profitable historical past of assembling and growing upstream belongings throughout a large spectrum of each personal and public corporations.
Submit Oak describes itself as a Houston-based personal fairness agency primarily centered on making home investments within the upstream, midstream and oilfield companies sectors of the power trade. The corporate mentioned it seeks to determine excellent oil and fuel entrepreneurs and administration groups with well-defined enterprise plans that additionally possess a demonstrated observe file of making accretive worth for shareholders.
In July, Submit Oak Minerals V, LLC (POM V), an affiliate of Submit Oak Vitality, introduced the completion of 10 acquisitions with a complete worth of over $475 million because the starting of 2024, primarily within the Permian Basin.
The acquired belongings embrace over 28,400 internet royalty acres (NRA) of mineral and royalty pursuits, with 27,400 NRA positioned within the Permian Basin and the remaining NRA positioned within the Eagle Ford and Haynesville shale traits. POM V acquired roughly 24,000 NRA within the Midland Basin from Apache Company and sure of its subsidiaries. The sellers of the opposite acquired belongings embrace Hunt Oil Firm and different household workplaces and personal people, based on an earlier information launch.
The acquired belongings can be managed by Submit Oak Minerals, LLC, the in-house mineral and royalty funding platform for Submit Oak. In whole, Submit Oak Minerals at the moment oversees greater than 80,000 NRA of mineral and royalty pursuits (inclusive of the current POM V acquisitions), with roughly 50,000 NRA positioned within the Permian Basin.
To contact the writer, electronic mail rocky.teodoro@rigzone.com
