Quantum

Quantum Energy Partners is committing another $450 million to another onshore explorer, this one focused on developing oil and gas in the Eagle Ford Shale of South Texas.

Even with the continuing relatively low crude oil prices, new investment has continued to flow to the Bakken Shale, with announcements earlier this month from some new midstream players in the North Dakota shale play.

Even with the continuing relatively low crude oil prices, new investment has continued to flow to the Bakken Shale, with announcements earlier this month from some new midstream players in the North Dakota shale play.

Private equity (PE) continues to put a bead on funding U.S. exploration and production (E&P) companies, and there appears to be a lot more money available than ever before, unconventional operators said at the Colorado Oil & Gas Association’s Rocky Mountain Energy Summit in Denver.

Houston-based Quantum Resources Management LLC (QRM), a privately held explorer based in Houston, agreed to pay Denbury Resources Inc. $900 million to acquire a package of natural gas-weighted assets in the Permian Basin of West Texas and southeastern new Mexico; the Anadarko Basin of Oklahoma, Texas and Kansas; and in East Texas.

Houston-based Quantum Resources Management LLC (QRM), a privately held explorer based in Houston, agreed to pay Denbury Resources Inc. $900 million to acquire a package of natural gas-weighted assets in the Permian Basin of West Texas and southeastern new Mexico; the Anadarko Basin of Oklahoma, Texas and Kansas; and in East Texas.