Quantum Energy Partners announced on Aug. 30 the formation of HEQ Deepwater, a new venture with Houston Energy LP focused exclusively on developing deepwater projects in the U.S. Gulf of Mexico.

“The deepwater Gulf of Mexico is one of the most important hydrocarbon provinces in the world, uniquely capable of delivering large production volumes with lower relative carbon intensity than any other region,” commented Wil VanLoh, founder and CEO of Quantum Energy Partners, in an Aug. 30 release.

Upon formation, HEQ Deepwater received more than $400 million of equity capital commitments from Quantum and management. The company has already been active, recently acquiring a stake in the Shenandoah development in the Gulf of Mexico.

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