Houston-Based Private Equity Firm Quantum Capital Group Plans to Invest in Natural Gas Production
Quantum Capital Group, a Houston, Texas-based private investment company specializing in the energy industry, acquired the oil and gas assets of the American company Caerus Oil and Gas through two separate portfolio companies QB Energy and KODA Resources for about $1.8 billion.
Colorado–based Caerus Oil and Gas (founded in 2009) was owned by a consortium of private investors including Oaktree Capital Management, Anschutz and Old Ironsides Energy and was exploring a sale starting in 2022.
Quantum plans to invest in natural gas production. As part of the deal, QB Energy, a newly formed portfolio company of Quantum Capital Group, acquires mining assets, gas collection and compression assets, as well as intermediate assets of about 600,000 acres and all other assets owned by Caerus Oil and Gas in the Paisance Basin. KODA Resources, also a portfolio company of Quantum Capital Group, will take over production and compression assets, collection and compression assets, about 160,000 acres, and all other assets owned by Caerus Oil and Gas in the Uint basin.
