Quantum Energy, Bison partner to acquire and develop oil and natural gas assets in Denver basin
(WO) – Quantum Energy Partners and the management of Bison Oil & Gas formed Bison Oil & Gas Partners IV, LLC (“Bison IV”) with equity capital commitments in excess of $500 million. Building on the success of prior Bison entities, Bison IV will focus on the acquisition and responsible development of oil and natural gas assets in the Denver-Julesburg Basin of Colorado and Wyoming (the “DJ Basin”).
Since inception, Bison IV has closed multiple acquisitions covering more than 75,000 net acres and with current oil production in excess of 25,000 boed.
“We are pleased to partner with Austin Akers, David Gonzales and the broader Bison team,” said Alex Jackson, Managing Director at Quantum. Jonathan Regan, Partner at Quantum, added, “The Bison team has an impressive track record of value creation for its investors across upstream, midstream, mineral, and royalty assets. We believe that the current environment presents an attractive opportunity to build a large-scale acquisition and development platform together in the resource-rich DJ Basin.”
Austin Akers, CEO of Bison IV, said, “We at Bison believe the DJ Basin possesses some of the most economic development opportunities in North America and we appreciate Quantum’s support to facilitate a consolidation of such an opportunity-rich basin.”