August 10, 2015 – Houston, Texas:  Quantum Energy Partners (“Quantum”) announced today that Charles D. “Chuck” Davidson, former CEO and Chairman of the Board of Noble Energy, Inc., has joined the firm as a Venture Partner and that Anthony J. “Tony” Best, former President and Chief Executive Officer of SM Energy Company, has joined the firm as a Senior Advisor. Davidson and Best collectively have over 70 years of executive and operating experience in the energy industry where they have each dynamically led the growth of multiple organizations that became best in class operators.

Davidson served as CEO of Noble Energy from 2000 to 2014 and its Chairman until his retirement in May of this year. Noble Energy is a member of the S&P 500 and is one of the nation’s leading independent energy companies. Under Davidson’s leadership, Noble Energy was transformed into one of the largest and best performing E&P companies with world-class positions in resource plays such as the Niobrara and Marcellus, as well as multiple international concessions. Before joining Noble Energy, Davidson was Chairman, President and Chief Executive of Vastar Resources, Inc., a publicly owned subsidiary of ARCO, which merged with BP in 2000. Prior to the formation of Vastar, he held a number of engineering, operations and executive assignments at ARCO.

Davidson will be joining Quantum’s Investment Committee and be working full-time with the investment team to steward the firm’s capital. He will also be working closely with a select number of the firm’s portfolio companies on strategic and operating initiatives.

Best served as President and Chief Executive Officer of SM Energy, a public E&P company focused on the exploration and development of oil and gas resource plays across North America, from 2007 until his retirement in January of this year. During Best’s tenure, he refocused SM Energy into a top quartile performer in both the Eagle Ford and Bakken shale plays. Prior to joining SM Energy, Best served as President and Chief Executive Officer of Pure Resources, Inc., a Unocal subsidiary, where his responsibilities included management of all exploration and production operations and full P&L accountability for Unocal’s Lower 48 U.S. onshore assets.  Like Davidson, Best also held numerous executive roles at ARCO, and in fact, both men were friends and colleagues for much of their ARCO careers.

Best will be joining Quantum’s Industry Advisory Board and will also be working with Quantum’s investment team and select portfolio companies on strategic and operating initiatives.

“We are very excited that two of the energy industry’s leading executives have chosen to partner with Quantum. Chuck’s and Tony’s experience as capital allocators leading oil and gas companies through the ups and downs of multiple commodity cycles as well as their knowledge, relationships, and insights into managing all aspects of unconventional resource plays, will allow them to contribute in multiple ways to our investment platform,” said Wil VanLoh, President and CEO of Quantum.

About the relationship Davidson commented, “I am excited to be joining Quantum in a role which will allow me to work closely with the leadership team as well as the portfolio companies to create value for our investors. I have grown to appreciate Quantum’s strong investment track record that has been driven by their rigorous approach to risk analysis and capital allocation. I look forward to using my skills and experiences in new ways to contribute to the future success of the firm.”

Best added, “I am very pleased to be part of the Quantum franchise. I have known the principals of Quantum for many years and have great respect for the platform they have built to fund and support the energy industry’s top entrepreneurs. Quantum is a premier private equity partner and I look forward to helping support their investment efforts.”

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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September 30, 2015 – MIDLAND, Texas – Oryx Midstream Services, LLC announced today that one of its operating subsidiaries, Oryx Southern Delaware Oil Gathering and Transport LLC (collectively, “Oryx”), has launched a binding open season to obtain volume commitments and/or acreage dedications to support the development of the Oryx Trans Permian pipeline system (“OTP”), a new crude oil gathering and transportation system to serve the liquids-rich southern Delaware Basin in Texas. The binding open season commenced today, September 30, 2015, at 8 a.m. CDT and is scheduled to conclude at 5 p.m. CDT on October 29, 2015.

The OTP system is currently supported by five anchor shippers that collectively will dedicate approximately 220,000 operated acres with an area of mutual interest covering more than 1 million acres. Spanning portions of Reeves, Ward, Pecos, Crane, Upton and Midland counties, the OTP system will have an initial capacity of 160,000 barrels per day (bpd) with the capability to be expanded to up to 220,000 bpd based on customer demand. To support volumes for the current anchor shippers, the system is expected to include more than 300 miles of gathering pipeline, 100 miles of 16-inch transmission pipeline and three storage terminals with 300,000 barrels of leased or owned working storage capacity. The terminals will be located near the Texas towns of Pecos, Crane and Midland. The OTP system will provide access to two major interconnects with delivery into Magellan’s Longhorn Pipeline and Enterprise’s Midland Terminal, providing shippers with multiple takeaway options that will reduce congestion in the region and create multiple market opportunities. The system also will have several strategically located truck unloading stations to facilitate the movement of trucked production in the area. A map of the OTP system can be found here.

“With multiple production zones providing years of drilling inventory, the southern Delaware Basin is expected to experience growing volumes and a significant need for additional takeaway capacity. Oryx’s robust OTP pipeline system provides our customers with flexibility, improved flow assurance and multiple market choices, allowing them to fully maximize the value of their production,” said Brett Wiggs, Oryx Midstream Services’ chief executive officer. “As a Midland-based team, the Permian Basin is our focus, and we look forward to continuing to expand upon our relationships in the area and offering our customers an even broader scope of midstream solutions.”

Construction has begun on the OTP system and will be completed in two phases: the first phase with service to Crane expected to be operational by early first quarter 2016 and the second phase with service to Midland expected to be operational by the second quarter of 2016. Oryx plans to design and construct the OTP system to accommodate all requests for service pursuant to the terms of the open season.

The binding open season process provides potential shippers with the opportunity to make volume commitments or acreage dedications to the OTP system by executing long-term transportation contracts with Oryx. Shippers that elect to make long-term commitments to the OTP project during the open season will receive firm transportation service for their committed volumes.

All requests for open season documents should be directed to Oryx’s chief financial officer and vice president of business development, Karl Pfluger at (432) 253-7767 or karl@oryxmidstream.com. All binding commitments must be received by 5 p.m. CDT on October 29, 2015.

About Oryx Midstream Services, LLC

Midland-based Oryx Midstream is focused on developing midstream infrastructure in the Permian Basin in New Mexico and Texas. Led by an experienced team with more than 200 years of experience in the oil and gas industry, Oryx is dedicated to providing producers with solutions and flexibility through a full suite of midstream services. Oryx is supported by a consortium of capital providers including Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, local Midland investors and others who collectively have contributed significant capital to the venture. For more information visit www.oryxmidstream.com.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

About Post Oak Energy Capital

Post Oak, which was established in 2006, is an energy-focused private equity firm based in Houston. Its management team has executive management experience and a broad network in the energy business as well as significant expertise in private equity investments, operations, development, finance, acquisitions and divestitures. The firm pursues private equity investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oil field services and related infrastructure. Post Oak works in close partnership with operating management teams to build businesses, accelerate growth and enhance shareholder value. Post Oak’s website is www.postoakenergy.com.

Contact:

Oryx Midstream Services, LLC

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November 30, 2015 – MIDLAND, TEXAS –  Midland-based BC Operating, Inc (BC), an independent energy company engaged in the exploration, development, and production of oil and natural gas resources, announced today that it has formed a joint development agreement with Tulsa-based Nadel and Gussman, LLC, combining the two companies’ acreage and reserves in southern Eddy and Lea counties in New Mexico. The combined position consists of an acreage footprint of approximately 50,000 net acres, and 5,500 barrels of oil equivalent (BOE) per day of operated production.

BC will assume operatorship of the combined acreage including all existing wells. The large-scale position has multiple targets in the Permian Basin including Wolfcamp, Avalon, Delaware and Bone Spring production. BC expects to run at least one drilling rig in 2016 and will add more acreage, strengthening the combined position.

“As a Midland-based company, we have more than 30 years of experience in the Permian Basin. Our legacy in this region gives us a unique understanding of the operational and geological trends that drive successful production,” said Mike Black, president of BC Operating. “We are delighted to partner with Nadel and Gussman, as they also have a rich history in the area, a talented staff of employees and a deep knowledge of the resource. We are confident that this strategic combination of assets is poised for substantial growth.”

“We are excited to have affiliated with the BC Operating team,” said Jim Adelson, president and managing member of Nadel and Gussman. “Nadel and Gussman values its relationships with its partners and we are excited about the opportunity to continue to build the value of this world-class asset.”

BC and Nadel and Gussman are both privately-held, multi-generational, family energy companies. BC is the operating company for and owned equally by Crump Energy Partners II, LLC (Crump) and Crown Oil Partners V, LP (Crown), both based in Midland. Crump is supported by an equity commitment from Quantum Energy Partners; Crown is financially partnered with Post Oak Energy Capital and Wells Fargo Energy Capital. Headquartered in Tulsa, Oklahoma, Nadel and Gussman has been in the energy business since the 1920s. In addition to these joint development properties, the company owns and operates assets in Oklahoma, Kansas, Louisiana, Texas and North Dakota.

About BC Operating

Based in Midland, Texas, BC Operating is the operating company for and owned equally by Crump Energy Partners II, LLC and Crown Oil Partners V, LP. The company is engaged in the exploration, development, and production of oil and natural gas resources and has more than 30 years of experience in the Permian Basin region.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

About Post Oak Energy Capital

Post Oak, which was established in 2006, is an energy-focused private equity firm based in Houston. Its management team has executive management experience and a broad network in the energy business as well as significant expertise in private equity investments, operations, development, finance, acquisitions and divestitures. The firm pursues private equity investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oil field services and related infrastructure. Post Oak works in close partnership with operating management teams to build businesses, accelerate growth and enhance shareholder value. Post Oak’s website is www.postoakenergy.com.

About Wells Fargo Energy Capital

Headquartered in Houston, the Wells Fargo Energy Group, which includes Wells Fargo Energy Capital, is an energy finance leader providing integrated financial solutions to public and private companies across the upstream, midstream, downstream, services and power sectors. With more than 40 years of experience in the energy industry, the Wells Fargo Energy Group delivers comprehensive debt, equity, advisory, capital markets and traditional banking solutions to companies of all sizes and in all stages of development. For more about the Wells Fargo Energy Group, please visit www.wellsfargo.com/com/industry/energy.

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Rick Bott

Senior Advisor

W.F. (Rick) Bott is a Senior Advisor with Quantum Energy Partners. Rick works closely with Quantum’s investment team and select portfolio companies on strategic and operating initiatives.

In 2014, Rick established Global Energy Advisors LLC and currently advises clients, including IHS Energy, on a number of business, industry, policy and leadership issues relevant to the role of global producers in the ongoing energy transformation.

Mr. Bott formerly served as President and Chief Operating Officer of Continental Resources Inc. Prior to this he served as Executive Director and Chief Operating Officer of Cairn India Ltd. Mr. Bott has over 30 years of global energy experience in exploration, production, developing unconventional resources, infrastructure construction and leading integrated organizations in both mature and emerging markets. Earlier Mr. Bott served in Devon Energy Corporation’s International Division where he was Vice President-Exploration. He also served as President of Ocean Egypt Companies and as President Of Ocean Yemen Corporation and held a number of international management, business development and technical positions with British Gas and Tenneco Oil Company.

He has authored numerous publications on a variety of topics including commercializing conventional and unconventional resources, building international business and the leadership challenges of cross-cultural environments. He frequently presents at energy, investment and leadership development forums in the U.S., Asia, Africa and Europe. He holds an M.S. (Geology) and a B.S. (Marines Sciences) from Texas A&M University.

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Lance Schuler

Deputy General Counsel

Lance works on all legal aspects of Quantum’s activities, including transaction structuring, documentation, compliance, and governance matters. Since March 2012, he has been, and remains, Executive Vice President and General Counsel of Quantum’s power business. Prior to that, Lance was a partner with Andrews Kurth LLP, a Houston-based law firm. While at Andrews Kurth, Lance’s practice focused on all aspects of corporate and securities matters associated with both public and private entities across the energy sector, including mergers and acquisitions, private equity transactions, joint venture transactions, corporate governance matters, corporate restructurings, public offerings, private placements, and complex financings and transactions. Lance has practical experience in advising on various general corporate matters and in structuring and negotiating various transactional matters as he was an in-house lawyer and an officer of a large energy company prior to going back to private practice in January 2007. He was named one of The Best Lawyers in America 2012 for Corporate Law. Lance has almost 30 years of experience as a lawyer, is a member of the State Bar of Texas and holds both a BBA degree with honors and a JD degree with honors from The University of Texas.

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April 27, 2016 – HOUSTON, TX – Quantum Energy Partners (“Quantum”), a leading energy private equity firm, is pleased to announce the formation of Sentinel Peak Resources LLC (“Sentinel Peak” or the “Company”) with certain former executives of Berry Petroleum led by industry veterans Michael Duginski (“Duginski”) and George Ciotti (“Ciotti”).

Sentinel Peak will engage in the acquisition, development, and exploration of oil and gas assets, primarily focusing on heavy oil development in California. Quantum and members of the management team have collectively made capital commitments in excess of $300 million to the Company.

The Sentinel Peak team will be led by Duginski as Chief Executive Officer and President and Ciotti as Chief Financial Officer and other seasoned executives and California operating personnel.  The Corporate office will be in Denver with a regional office in California.

Duginski remarked on the closing, “We look forward to building Sentinel Peak Resources into a strong California competitor and world class heavy oil operator. We see a great opportunity in the market today to capture long-lived enhanced oil recovery opportunities.  We are also excited to partner with Quantum, whose strong financial sponsorship and energy industry expertise provides a great compliment to our team.”

Garry Tanner, Managing Director at Quantum, said “We are excited to be partnering with Duginski and Ciotti who are seasoned executives and have a great track record of creating value in California, a rich oil and gas province which has its own unique operating characteristics that can be especially challenging to those not familiar with the area.”

About Sentinel Peak Resources LLC

Sentinel Peak is a Denver, CO based company focused on the acquisition and development of onshore oil opportunities, with an emphasis on heavy oil production and thermal enhanced oil recovery in California.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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May 12, 2016 – TYLER, TX – Tanos Energy (“Tanos” or the “Company”), a private energy company focused on acquisitions and horizontal development in the Ark-La-Tex region, announced today that it has recently closed on the acquisition of assets located primarily in East Texas and North Louisiana from ConocoPhillips Company and Fidelity Exploration and Production Company (collectively the “Assets”) and has fully assumed and integrated operations. Concurrent with the closing of the acquisitions, Tanos announced that the Company has received an increased capital commitment to a total of $500 million from Quantum Energy Partners (“Quantum”), a leading provider of private equity capital to the global energy industry.

The Assets, located primarily in East Texas and North Louisiana, include approximately 140,000 net acres and net production of approximately 95 MMcfe/day from approximately 1,400 operated and 2,800 non-operated wells. The acquisitions provide a large-scale position with a solid, diverse production base and horizontal and vertical development upside within the Cotton Valley, Hosston and Bossier formations. Tanos is currently high grading operations, reducing costs, and running one drilling rig and an active workover program given the strong economics of the play even in the current price environment. Tanos is well hedged over the next four years and will consider continuing to expand its development program next year based on the price environment and program results.

Tanos is led by Chief Executive Officer and President Mark Brandon (“Brandon”). Brandon has over 30 years of experience in the oil and gas industry and has spent the majority of his career focused in East Texas and North Louisiana. Brandon will be supported by his long standing executive and seasoned operational team. “We are excited to continue our successful partnership with Quantum which started in 2013 and continue to grow our company with these exceptional assets,” said Brandon. “The assets fit squarely within our Ark-La-Tex strategy and we believe we can create a tremendous amount of value for our shareholders as we continue to grow our asset base through ongoing development and continued acquisitions.”

“Our expanded capital commitment to Tanos underlines the confidence we have in Mark and his accomplished team executing on the Ark-La-Tex strategy,” said Garry Tanner, Managing Director of Quantum. “We believe Tanos is one of the top operators and developers in the area and are looking forward to applying this expertise to further develop and grow the business.”

About Tanos Energy

Based in Tyler, Texas, Tanos is led by a team of seasoned industry professionals, many with nearly 30 years of experience in the oil and gas industry. For more information on Tanos, please visit www.tanosexp.com.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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Scott McGregor

Vice President

Scott’s primary responsibilities include financial modeling, due diligence, transaction execution and portfolio company monitoring. He also works closely with Quantum’s portfolio companies on such activities as raising and structuring debt or additional equity, providing merger, acquisition and divestiture advice and executing commodity hedges.

Prior to joining Quantum, Scott was Director of Corporate Development at Newark E&P Operating, a privately-held E&P company, where he was responsible for all corporate finance activities and evaluating potential strategic acquisitions. Previously, he was an Associate with CCMP Capital Advisors where he focused on private equity investments across the energy sector. Scott also worked with BMO Capital Markets in its energy investment banking group where he was involved in a number of corporate advisory transactions and financings. Scott holds a B.A. in Economics and a Masters in Accounting from the University of Texas.

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Matt Peterson

Matt’s primary responsibilities include financial modeling, due diligence, transaction execution and portfolio company monitoring. He also works closely with Quantum’s portfolio companies on such activities as raising and structuring debt or additional equity, providing merger, acquisition and divestiture advice and executing commodity hedges.

Prior to joining Quantum, Matt was an Analyst in the Energy Investment Banking Group of Jefferies LLC in Houston, where he was involved in a wide variety of mergers and acquisitions, capital markets financings and strategic advisory assignments for clients across the upstream oil and gas, midstream and oilfield services sectors. Matt holds a B.A. in Economics and French from Dartmouth College.

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Will Thomson

Associate

Will’s primary responsibilities include financial modeling, due diligence, transaction execution and portfolio company monitoring. He also works closely with Quantum’s portfolio companies on such activities as raising and structuring debt or additional equity, providing merger, acquisition and divestiture advice and executing commodity hedges.

Prior to joining Quantum, Will was an Associate in the Oil & Gas Investment Banking Group of J.P. Morgan in New York, where he was involved in a wide variety of mergers and acquisitions, capital markets financings and strategic advisory assignments for clients across the upstream oil and gas, midstream and oilfield services sectors. Will graduated from The University of Texas at Austin with a B.B.A. in Finance.

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October 14, 2016 – Denver, CO – Sentinel Peak Resources (“SPR” or the “Company”), a private energy company, announced today that is has entered into an agreement with the oil and gas subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), to purchase their onshore California assets for $592 million plus additional consideration of up to $150 million payable in certain circumstances based on a sustained crude oil price environment over $70/barrel Brent.

SPR was formed in 2016 by Quantum Energy Partners (“Quantum”) and Michael Duginski (”Duginski”), a seasoned oil and gas executive who was previously COO of Berry Petroleum (“Berry”).  At Berry, Duginski helped the Company grow from a $300 million enterprise to a top operator in California and a $4.9 billion enterprise when sold in 2013.  Duginski will be joined by George Ciotti, CFO and Tim Crawford, COO, who both worked with Duginski at Berry and George Paspalof, VP Operations LA Basin, an experienced California operator.  Together this group will be hiring from existing Freeport-McMoRan staff and complementing them with other top operating, technical and commercial talent in their corporate office in Denver and new offices in California.

The properties are currently producing 28,000 barrels of oil per day (“Bopd”) including 18,000 Bopd in the San Joaquin Basin and 10,000 Bopd in the LA Basin and Coastal properties.  SPR has identified a number of economic development projects across the asset base that are attractive in the current price environment.  The Company plans to pursue these oil and gas development projects, certain real estate monetizations, and further asset acquisitions in building a world class California-focused oil and gas company.

Duginski said, “This transaction provides the catalyst to build a world class team that can work with the various stakeholders in California in a safe, reliable and environmentally sensitive way as we develop and grow the business.  Quantum was instrumental in helping us secure this deal and we couldn’t have done it without their experience, relationships, and strong partnership.”

Garry Tanner and Bill Montgomery, Partners at Quantum, said “We couldn’t be more pleased to be in business with such a high quality and experienced group led by Michael Duginski.  Duginski and his team have a strong track record of technical, operational, and commercial excellence which will drive significant value creation.  We expect this will be the first of many acquisitions as we grow our California focused business together.”

About Sentinel Peak Resources

Sentinel Peak Resources is a Denver-based company, with plans to open offices in both Los Angeles and Bakersfield.  SPR is focused on acquisition, development, and exploration of oil and gas assets, primarily focusing on heavy oil development in California.  SPR is led by a team of seasoned industry professionals who have spent a majority of their careers in California.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $11 billion in equity commitments since inception.  For more information on Quantum, please visit www.quantumep.com.  For investor relations, please contact Michael Dalton at (713) 452-2000.

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Houston, TX – October 31, 2016 – Quantum Energy Partners (“Quantum”) is pleased to announce the promotion of Dheeraj “D” Verma (“Verma”) to President. Verma will join Wil VanLoh (“VanLoh”), Founder and CEO of Quantum, to help lead the firm’s investment strategy and capital allocation processes as well as to help manage the firm more broadly.

Verma joined Quantum in 2008, most recently serving as a Partner and Managing Director.  In this role, Verma has been an active member of the firm’s leadership team, including serving as a member of Quantum’s Executive and Investment Committees and helping shape the firm’s investment and organizational strategy. In addition, he has been responsible for originating, executing, and overseeing investments across Quantum’s portfolio and has played a strategic role in adding over $8 billion in capital under stewardship to the Quantum franchise.

“Over the last eight years, D has proven himself to be not only an astute and talented investor but also an unwavering leader within the Quantum organization and within the energy industry,” said VanLoh. “He is highly respected both inside and outside the firm and has been integral to the firm’s continued success during his tenure. I am excited about the impact I know D will have on the stewardship of our capital for our limited partners over the next many decades, and I am proud to have D partnering alongside me as we continue to grow the firm together.”

“Under Wil’s leadership and vison, Quantum has achieved great success while maintaining the highest standards of integrity and investment stewardship,” said Verma. “We have built a great team here at Quantum and I am blessed and honored to be partnering with some of the smartest and finest people in the industry. We remain committed to the same level of discipline and discernment that has enabled Quantum to be one of the most successful energy private equity firms over the last two decades.”

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $11 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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Houston, TX – Oklahoma City, OK – Tulsa, OK – November 8, 2016 – Quantum Energy Partners (“Quantum”) is pleased to announce the combination of two of its portfolio companies – Xplorer Midstream LLC (“Xplorer”), owner and manager of Woodford Express, LLC (“Woodford”), and Intensity Midstream LLC (“Intensity”).  As a result of the combination, employees of Xplorer will join Intensity to create a best-in-class midstream team with a mandate to drive additional growth initially in central Oklahoma but also across multiple basins throughout the United States.

Roger Farrell (“Farrell”), CEO of Xplorer, will join the Intensity Board of Directors (“Board”) as Chairman.  Joe Griffin (“Griffin”), co-founder and CEO of Intensity, and Derek Gipson (“Gipson”), co-founder and CFO of Intensity, will assume all CEO and CFO-related duties for the combined entities.  Prior to forming Intensity, Griffin and Gipson most recently served as President and CEO and Executive Vice President and CFO, respectively, for Hiland Partners, LP.  Intensity will continue to be headquartered in Tulsa, OK and will also maintain Xplorer’s office in Oklahoma City, OK.

“This combination is truly a win-win for Xplorer, Intensity, our customers, investors and employees,” said Farrell.  “Intensity provides a platform allowing for a growing presence in the prolific SCOOP play and for expansion into other resource plays throughout the United States.”

The key assets of Xplorer currently include 210 MMcf/d of cryogenic gas processing capacity in the heart of the SCOOP play in Grady County, OK (the “Grady Plant”), 5,000 Bbls/d condensate stabilization capacity, 210 MMcf/d of amine treating capacity, 34 miles of 16-inch and 20-inch mid-pressure gathering trunk lines in Grady and Stephens Counties, 68 miles of associated gathering laterals and 3,000 HP of field compression.

In conjunction with the combination, the Intensity and Xplorer Boards have approved a 200 MMcf/d expansion of the Grady Plant to support increased drilling activity in the SCOOP play from Woodford’s existing and future customers.  After completion of the expansion, which is expected to be online in the fourth quarter of 2017, the Grady Plant will have approximately 410 MMcf/d of processing capacity, with the site being designed to accommodate another 200 MMcf/d processing train as production growth continues.

“The 200 MMcf/d expansion of the Grady Plant demonstrates Quantum’s long-term commitment to providing key midstream infrastructure for the producers in the SCOOP play. We are currently evaluating other key projects to further grow the existing platform, including additional processing and natural gas gathering expansions, low pressure gathering, residue pipeline solutions and crude oil and condensate gathering services.  Our number one objective is to continue providing safe, reliable and competitive natural gas and crude oil midstream services to current and future upstream customers,” said Griffin.

About Xplorer Midstream LLC

Xplorer Midstream LLC is a Quantum-backed midstream company headquartered in Oklahoma City, Oklahoma, focused on developing natural gas gathering/processing and crude oil solutions in the SCOOP and other resource plays throughout the country. Its focus is to develop and execute safe and reliable midstream projects that allow its customers and partners to achieve their objectives and optimize financial and operational results. Through its subsidiary, Woodford Express, LLC, Xplorer is operating and developing natural gas gathering, treating and processing facilities in the SCOOP play. For more information on Xplorer, please visit www.xplorermidstream.com.

About Woodford Express, LLC

Woodford Express, LLC is a subsidiary of Xplorer Midstream with natural gas assets in the SCOOP play of Southern Oklahoma’s Woodford Shale and Springer Shale. Woodford’s assets provide competitive solutions for gas gathering and processing solutions to producers operating in the region.

About Intensity Midstream LLC

Intensity Midstream LLC is a Quantum-backed midstream company headquartered in Tulsa, Oklahoma. Intensity constructs, develops, acquires, enhances and operates gathering, treating, processing, storage, transportation and other midstream assets across select North American basins.  For more information on Intensity, please contact Derek Gipson at (918) 949-9147 or visit www.intensitymidstream.com.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed, together with its affiliates, more than $11 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com.  For investor relations, please contact Michael Dalton at (713) 452-2000.

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January 3, 2017 – Denver, CO – Sentinel Peak Resources (“SPR” or the “Company”), a private energy company, announced that it has closed the acquisition of the onshore California assets of the oil and gas subsidiary of Freeport-McMoRan Inc. (NYSE: FCX) under the previously announced purchase and sale agreement.

The properties are operated by Sentinel Peak Resources California LLC and currently produce approximately 28,000 barrels of oil equivalent per day. With this acquisition, SPR has become the fourth largest onshore oil producer in the State of California.

SPR was formed in 2016 by Quantum Energy Partners (“Quantum”) and Michael Duginski, a seasoned California oil and gas executive.  Duginski is joined by George Ciotti, as CFO, Tim Crawford, as COO, and George Paspalof, VP Operations LA Basin.  The Company has grown to over 250 employees by building an operating team of top California industry technical and commercial talent, including experienced former FCX California employees.

Duginski said, “This transaction provides the foundation to build a world-class, California-focused oil and gas company, and we look forwarding to working with the various stakeholders in California in a safe, reliable and environmentally sensitive manner.  Through our team’s due diligence, we have identified a number of development projects across the asset base that are attractive in the current price environment, and plan to begin investing in those projects in 2017. The Company plans to pursue additional asset acquisitions as well as certain real estate monetizations.  We appreciate Quantum’s experience, relationships and backing in helping us secure this deal.”

About Sentinel Peak Resources

Sentinel Peak Resources is a Denver-based company, with offices now in both Bakersfield and Los Angeles, California.  SPR is focused on the acquisition, development, and exploration of oil and gas assets, primarily focusing on oil development in California.  SPR is led by a team of seasoned industry professionals who have spent a majority of their careers in California.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $11 billion in equity commitments since inception.  For more information on Quantum, please visit www.quantumep.com.  For investor relations, please contact Michael Dalton at (713) 452-2000.

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