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Quantum Energy Partners Announces Industry Veteran Bob Garrison Has Joined The Firm

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May 1, 2017 – Houston, Texas:  Quantum Energy Partners (“Quantum”) announced today that Robert “Bob” K. Garrison, former Executive Vice President and General Manager of Western U.S. and Canada for EOG Resources Inc. (NYSE: EOG), has joined the firm as a Senior Advisor and member of the Technical Advisory Committee.  Garrison has 40 years of executive and operating experience in the energy industry where he was one of the early pioneers in understanding and advancing unconventional resource plays and is generally regarded as one of the world’s foremost technical and operational experts on shale gas and tight oil.  For the past 21 years he worked for EOG Resources and is credited with starting and running EOG’s Eagle Ford division, the largest and most profitable division of EOG, encompassing in excess of 547,000 acres, producing more than 230,000 boepd and running more than 25 rigs and 12 frac fleets at its peak.

As a Senior Advisor and member of Quantum’s Technical Advisory Committee, Garrison will work closely with Quantum’s investment and technical teams to identify and evaluate attractive investment opportunities and will also be available to Quantum’s portfolio companies to assist and advise them on strategy and execution.

“We are very pleased that Bob has chosen to partner with Quantum. He was instrumental in EOG becoming one of the leading unconventional shale operators in the country and his executive, technical and operational experience, coupled with his entrepreneurial mindset, will add tremendous value to our firm’s industry-leading technical understanding of how to make money and how to manage risk in unconventional resource plays,” said Wil VanLoh, Founder and CEO of Quantum.

Garrison commented, “I am extremely excited to be joining Quantum in a role which will allow me to work closely with its leadership team as well as its portfolio companies to create value for our investors and portfolio companies. I was attracted to Quantum because of its deep understanding of the energy business and its differentiated approach to risk analysis and capital allocation.  Quantum has done an excellent job of investing in highly talented management teams and then fostering an environment of mutual respect and partnership to build great businesses.  I look forward to utilizing my skills and experiences in new ways to contribute to the future success of the firm and its portfolio companies.”

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, approximately $11 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com or contact Michael Dalton at (713) 452-2000.

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Bob Garrison

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Bob Garrison

Senior Advisor

Bob is a Senior Advisor with Quantum Energy Partners and also serves on the Technical Advisory Committee. Bob works closely with Quantum’s investment and technical teams to identify and evaluate attractive investment opportunities as well as Quantum’s portfolio companies to assist and advise them on strategy and execution.

Bob has 40 years of executive and operating experience in the energy industry where he was one of the early pioneers in understanding and advancing unconventional resource plays and is generally regarded as one of the world’s foremost technical and operational experts on shale gas and tight oil.

Bob has worked for EOG Resources for the past 21 years in a number of leadership capacities, including most recently serving as Executive Vice President and General Manager of the Western U.S. and Canada. From 2010 – 2014, he started and ran the Company’s San Antonio Division and Eagle Ford Operations, the largest and most profitable division of EOG, encompassing in excess of 547,000 acres, producing more than 230,000 boepd and running more than 25 rigs and 12 frac fleets at its peak. With the help of the Eagle Ford, EOG became the largest producer of crude oil in the lower 48. Prior to overseeing its Eagle Ford division, Bob held a variety of engineering, operational and management positions of increasing responsibility throughout EOG. Before joining EOG, Bob worked for a variety of companies and as an independent, including Seagull Energy, Arkla Exploration, Supron Energy Corp and Shell Oil Company.

Bob is currently a member of the American Association of Petroleum Geologists, the Rocky Mountain Association of Geologists and San Antonio Geological Society. He serves on the Geosciences Advisory Council for Western Michigan University and as an Advisory Trustee for the Southwest Research Institute. He has received various honors including South Texas Wildcatters recognition in 2012 and the Distinguished Alumni Achievement Award – Western Michigan University in 2007. He received an MS in Geology from the University of Cincinnati, 1977 and a BS in Geology from Western Michigan University in 1974.

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Quantum Energy Partners Announces the Formation of Middle Fork Energy Partners, LLC

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May 24, 2017 – HOUSTON, TX – Quantum Energy Partners (“Quantum”), a leading energy private equity firm, is pleased to announce the formation of Middle Fork Energy Partners, LLC (“Middle Fork” or the “Company”) with its founders Christopher L. Valdez (“Valdez”) and Jeffrey E. Wojahn (“Wojahn”, and together with Valdez, the “Founders”).  Quantum and members of the Middle Fork management team have collectively made initial capital commitments in excess of $200 million to the Company.

Middle Fork, headquartered in Denver, Colorado, seeks to acquire, develop, and operate properties in the Rocky Mountain region of the U.S. where the Founders have a demonstrated track record of execution.  With the initial capital commitments and Quantum’s demonstrated ability to deploy additional funds as required, Middle Fork has the flexibility to pursue a wide range of acquisition and development opportunities.

The Middle Fork team is led by Valdez as Chief Executive Officer and Wojahn as Executive Chairman.  Prior to Middle Fork, Valdez most recently served as VP – Marketing & Planning for Vantage Energy, LLC (“Vantage”), a Quantum portfolio company.  Prior to Vantage, Valdez served in a variety of roles at Encana Oil & Gas (USA) Inc. (“Encana USA”), including VP – Planning and Asset Manager – Piceance Basin.  Wojahn has over 30 years of oil & gas industry leadership experience, including leading Encana USA as its President from 2006 to 2013.   In addition to the Founders, all other Middle Fork leadership roles have been filled with individuals who worked closely alongside the Founders at prior companies including Ty Harrison, CFO, Frank Merendino, SVP – Operations, Worth Carlin, VP – Land, and Rob Zaback, VP – Development.

Valdez remarked on the closing, “Middle Fork is privileged to partner with Quantum, a premier energy capital provider that adds value to its portfolio companies by offering complementary industry knowledge, technical expertise, and exceptional business acumen. The Middle Fork team has a deep technical understanding, comprehensive commercial appreciation, and a proven operational track record of success in developing assets in the Rockies.  We see great opportunity in partnering with Quantum to acquire and develop assets in this underappreciated region.”

Wil VanLoh, Founder and CEO of Quantum, commented, “We are excited to be partnering with such an accomplished team led by Chris and Jeff.  This team has tremendous relationships and execution expertise in the Rockies, an area we believe is ripe for the application of various unconventional technologies.  We look forward to partnering with the entire Middle Fork team to build a great Rockies-focused company.”

About Middle Fork Energy Partners, LLC

Middle Fork is a Denver, CO based company focused on acquiring, developing and operating properties in the Rocky Mountain region of the United States.  For more information on Middle Fork, please contact Ty Harrison at (720) 500-0193.

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 $13 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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Alexander McHale

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Alexander McHale

Associate

Alex’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 Energy Partners, Alex was a Finance Associate with Permian Resources (f.k.a. American Energy Partners – Permian) in Oklahoma City, where he was responsible for transaction analysis, executing A&D opportunities and analyzing debt restructuring with creditors. Prior to joining Permian Resources, Alex was an Analyst with Evercore’s Chemicals & Energy Investment Banking Group in New York, where he was involved in a wide variety of mergers and acquisitions, and strategic advisory assignments for clients across the chemicals and energy sectors. Alex graduated from Columbia University with a B.A. in Financial Economics.

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Brian Graff

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Brian Graff

Associate

Brian’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, Brian was an Analyst in the Energy Investment Banking Group of Morgan Stanley 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. Brian graduated from Rice University with a B.A. in Economics and Managerial Studies.

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Quantum Energy Partners Announces the Formation of Impact Exploration and Production Partners, LLC

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July 25, 2017 – HOUSTON, TX – Quantum Energy Partners (“Quantum”) is pleased to announce the formation of Impact Exploration and Production Partners, LLC (“Impact” or the “Company”) with its founders Tim Muniz (“Muniz”) and Randy Natvig (“Natvig”, and together with Muniz, the “Founders”). Impact, headquartered in Denver, Colorado, seeks to acquire, develop, and operate oil-focused properties in the Rocky Mountain region of the United States. Quantum and members of the Impact management team have collectively made initial capital commitments in excess of $300 million to the Company.

The Impact team is led by Muniz as Chief Executive Officer and Natvig as President. Prior to Impact, Muniz most recently served as Vice President of Operations for Centennial Resource Production, LLC and Natvig founded and led Iron Horse Energy, LLC. Joining the Founders as Chief Financial Officer is Ward Giltner, who most recently founded and led two upstream companies.

The Founders remarked on the closing, “We are very excited to be partnering with the team at Quantum as we build Impact into a leading upstream oil and gas operator in the Rocky Mountain region. The team we have put together has a proven track record of success, in multiple basins, driven by operational excellence that is focused on building value for our investors.”

Jeff Donahue, Managing Director of Quantum, commented, “We are excited to be partnering with Tim, Randy and Ward, all of whom have proven to be highly successful entrepreneurs in their own right. Our commitment illustrates our confidence in their execution-driven approach, extensive experience, and strong reputations.”

About Impact Exploration and Production Partners, LLC

Impact is a Denver-based company focused on acquiring, developing and operating oil-focused properties in the Rocky Mountain region of the United States. For more information with respect to the Company, please contact Tim Muniz at (720) 839-6964.

About Quantum Energy Partners

Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $13 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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Brandon Schmidt

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Brandon Schmidt

Associate

Brandon’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, Brandon was an Analyst in the Energy Investment Banking Group of the Bank of Montreal 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 and midstream oil and gas sectors. Brandon graduated summa cum laude from Tulane University’s A.B. Freeman School of Business with a B.S.M. in Finance.

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Noble Energy Sells Marcellus Midstream to Quantum Energy Partners for $765 Million


Carrizo Oil & Gas Announces Delaware Basin Acquisition [from ExL Petroleum Management, LLC] and Provides Operational Update

Noble Energy Closes Upstream Appalachia Sale [to HG Energy II, LLC]

Samson Resources II to Sell Its East Texas and North Louisiana Assets to Rockcliff Energy II LLC for $525 MM

Carrizo Oil & Gas Announces Closing of Delaware Basin Acquisition from ExL Petroleum

Rockcliff Energy Purchases Additional Haynesville Shale Rights in East Texas

Quantum Energy Partners Announces the Formation of Vitruvian Exploration IV and the acquisition of ~120,000 net acres in the Eagle Ford Shale

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August 24, 2017 – HOUSTON, TX – Quantum Energy Partners, a leading energy private equity firm, is pleased to announce the formation of Vitruvian Exploration IV with industry veterans Richard Lane, John Thaeler and Brian Rickmers.  Supported by a $450 million equity commitment from Quantum, Vitruvian IV is actively building a portfolio of high quality, emerging and undeveloped oil and gas assets in North American unconventional resource plays.  Vitruvian IV is the third consecutive partnership between Quantum, Lane, Thaeler and Rickmers.

Vitruvian IV will initially be focused on the Eagle Ford Shale in South Texas.  To-date, the Company has acquired or contracted to acquire ~120,000 net acres of undeveloped and highly contiguous leasehold in one of its target areas.  This includes the acquisition of Sanchez Energy’s (NYSE:SN) recently announced ~70,000 net acre Javelina asset divestment.  The acreage acquired by Vitruvian IV possesses world class resource rock properties, is optimally situated for long-lateral development and has no existing midstream dedications which will provide for an optimal long-term development strategy.  Vitruvian IV will commence operations on its Eagle Ford assets during the fourth quarter of 2017.

The Vitruvian IV team is led by Richard Lane as Executive Chairman, John Thaeler as Chief Executive Officer and Brian Rickmers as Chief Financial Officer.  Prior to the formation of Vitruvian IV, Lane, Thaeler and Rickmers were the founders and senior leaders of Quantum-backed Vitruvian Exploration II and Vitruvian Exploration III.  Vitruvian II acquired, delineated and developed a core position in Oklahoma’s SCOOP play which was ultimately sold to Gulfport Energy (NASDAQ:GPOR) in February 2017 for $1.85 billion.  Vitruvian III followed a similar strategy on a smaller scale in Oklahoma’s STACK play which was sold to an undisclosed buyer in April 2017.  Prior to Vitruvian, both Lane and Thaeler were senior executives at Southwestern Energy Company (NYSE:SWN), and Rickmers was Chief Commercial Officer at Newfield Exploration Company (NYSE:NFX).

Lane, Thaeler and Rickmers are supported by a highly experienced and seasoned team who provide a strong operating platform to focus on the immediate execution of the Company’s strategy.  The team has been working together successfully for nearly a decade and has an outstanding track record of creating value in unconventional resource plays.

“Vitruvian is proud to extend its long-standing partnership with Quantum,” remarked Lane.  “When we set out to find a financial partner in 2012, we wanted a technically minded, long-term, strategic partner who could help us achieve our goals and maximize value.  As evidenced by our past successes with Vitruvian II and Vitruvian III, we found exactly what we were looking for with Quantum.”

Dheeraj Verma, President of Quantum, commented, “We are very pleased to partner again with Richard, John, Brian and the entire management team at Vitruvian IV.  They are a team of talented and motivated individuals who are exceptional at evaluating and then developing unconventional reservoirs. This team has consistently created significant value for all stakeholders through the application of technology and best operating practices in a safe and responsible manner.”

About Vitruvian Exploration IV, LLC

Based in The Woodlands, TX, Vitruvian Exploration IV, LLC is focused on acquiring, developing and operating unconventional oil and gas assets in the United States.  For more information on Vitruvian IV, please visit www.vexpl.com or call (832) 458-3100.

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 $13.5 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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Forum Energy Technologies Announces Purchase of Global Tubing from Joint Venture Partner Quantum Energy Partners


Basak Kurtoglu

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Basak Kurtoglu

Senior Vice President – Technical

Basak is a Senior Vice President – Technical for Quantum. Her primary duties include technical, operational, strategic, and financial analysis of emerging plays, potential and existing projects as well as due diligence and operational/technical support for both existing portfolio companies and potential new investments.

Prior to joining Quantum, Basak was a Director with Citi on their A&D team, where she worked on numerous assignments throughout the U.S. and Canada. Prior to Citi she was with Marathon where she worked in their Bakken and Eagle Ford asset teams as well as in their integrated upstream technology group. Basak has a B.S. in Petroleum Engineering from Middle East Technical University in Ankara, Turkey and an M.S. and Ph.D. in Petroleum Engineering from the Colorado School of Mines.

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Hurricane Harvey

Alexander McHale

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Alexander McHale

Associate

Alex’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 Energy Partners, Alex was a Finance Associate with Permian Resources (f.k.a. American Energy Partners – Permian) in Oklahoma City, where he was responsible for transaction analysis, executing A&D opportunities and analyzing debt restructuring with creditors. Prior to joining Permian Resources, Alex was an Analyst with Evercore’s Chemicals & Energy Investment Banking Group in New York, where he was involved in a wide variety of mergers and acquisitions, and strategic advisory assignments for clients across the chemicals and energy sectors. Alex graduated from Columbia University with a B.A. in Financial Economics.

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Oryx Midstream To Build New Regional Crude Oil Transport Pipeline In The Delaware Basin

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WPX Energy Makes Delaware Basin Dedication to New System

MIDLAND, TX – September 18, 2017 – Oryx Midstream Services II, LLC (Oryx II) announced today that it will build a new regional crude oil transportation pipeline serving the Delaware Basin with initial capacity of up to 400,000 barrels per day. Oryx II recently closed on a long-term regional oil transportation agreement with WPX Energy (NYSE: WPX) and other producers bringing total acres committed to Oryx II to approximately 300,000 dedicated acres.  When combined with Oryx Midstream Services, LLC (Oryx I), the total Oryx Delaware basin dedication footprint and system capacity will be in excess of 850,000 acres and 600,000 barrels per day, respectively.

Construction will begin immediately on the new 220-mile regional transport line that will provide receipt points from the Carlsbad, Stateline, Pecos and Pyote areas, and deliver crude to Crane and Midland, Texas. The system, comprised of 16-, 20- and 24-inch lines, will have an initial capacity of up to 400,000 barrels per day with the ability to expand based on shipper needs. It will serve production from every active county in the Delaware Basin including Lea and Eddy counties in New Mexico and Loving, Reeves, Ward, Pecos, Winkler and Culberson counties in Texas. The new crude oil pipeline will be constructed in phases and is expected to be in full service by the end of 2018.

“As ongoing improvements are made in drilling technologies and rig counts in the Delaware Basin increase, production growth from Oryx’s customer base, including WPX, continues to be strong. With this strong production growth comes transportation bottlenecks, an issue that this new pipeline will address, providing much-needed takeaway capacity in the area,” said Oryx Chief Executive Officer Brett Wiggs. “The Oryx team remains focused on improving and expanding our asset base, to not only meet producers’ current needs but also anticipate the future needs of our customers.”

Karl Pfluger, Oryx President, said “The combined footprint of our crude gathering and transportation system is unparalleled.  Based on our current and future customers’ needs, we are considering strategic opportunities to leverage the unique scale of our combined footprint to better serve producers in the Delaware basin. One of these strategic opportunities includes a potential long-haul transport system to the Gulf Coast.”

Oryx I was launched in 2014 by an initial equity commitment totaling up to $300 million from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other private investors.  In March 2017, Oryx II closed on an equity commitment of $340 million from the same sponsor group, bringing the total commitment to Oryx to $640 million.

 

 About Oryx Midstream Services

Midland-based Oryx Midstream Services is focused on developing midstream infrastructure in the Delaware Basin in New Mexico and Texas. Led by an experienced team with more than 145 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. 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 $13 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.

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Media Contact:
Meredith Hargrove Howard
M2H Communications
meredith@m2hpr.com
210.737.4478

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FourPoint Energy Announces New Equity Financing with Quantum Energy Partners and Closes on Jointly Owned Properties from EnerVest

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