Quantum Capital Group will back newly formed E&P Vickery Energy Partners LLC, which will focus on acquiring and developing oil and gas assets in the Appalachian Basin and elsewhere.

Vickery’s management team is no stranger to Appalachia. The company is led by President and CEO Sean Willis and CFO Daniel Rowe, who helped build Tug Hill Operating and XcL Midstream before selling it to EQT Corp. in a 2023 cash-and-stock deal valued at $5.2 billion.

The company will be based in Fort Worth, Texas.

Willis said Vickery is looking forward to building another business with Quantum, which he described as a partner that has “demonstrated such a steadfast commitment to the responsible production of the energy resources required to power our world.”

“We believe the strength of our Quantum partnership and Vickery’s proven operating capabilities will enable us to pursue opportunities of scale and execute a responsible development program to create significant value for our investors,” Willis said.

 Tom Field, partner at Quantum, said the private equity firm is pleased to partner again with Willis, Rowe and the broader Vickery team.

 “We have worked with this management team for many years, and they have proven to be exceptional entrepreneurs, high-quality operators, responsible stewards of assets, and great partners,” he said.

 Rob Meister, managing director at Quantum, added that Vickery’s team has an impressive track record of value creation across upstream, midstream and mineral assets.

“We believe the current environment presents an attractive opportunity to acquire and develop assets in the resource-rich Appalachian Basin,” he said.

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