Quantum Launches HEQ Deepwater with over $400 Million Commitment

HEQ Deepwater, a partnership between Quantum and Houston Energy, recently acquired a stake in the Shenandoah deepwater project in the U.S. Gulf of Mexico.

Quantum Launches HEQ Deepwater with over $400 Million Commitment

HEQ Deepwater will be led by CEO Ron Neal, a veteran of the deepwater Gulf of Mexico who helped form Houston Energy in 1988. (Source: Shutterstock.com)

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.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access

Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.