Quantum Energy Partners, a Houston, TX-based energy private equity firm, has formed 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 focused on acquiring, developing and operating unconventional oil and gas assets in the United States.
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 firm 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.
Vitruvian IV will commence operations on its Eagle Ford assets during the fourth quarter of 2017.
It is based in The Woodlands, TX.