SOURCE: Quantum Energy Partners
HOUSTON, TX--(Marketwired - Apr 3, 2013) - Quantum Energy Partners ("Quantum"), a leading energy private equity firm, is pleased to announce the formation of Legion Energy Services II, LLC ("Legion II" or the "Company") with midstream industry veteran Jim Lind .
Legion II will primarily engage in the development, acquisition, and operation of midstream assets, ranging from crude and natural gas gathering and processing to crude oil terminaling and storage. The Company will concentrate its efforts in the Mid-continent and Bakken regions while also leveraging its prior experience across other select North American basins. Quantum and members of the management team have collectively made capital commitments in excess of $250 million to the Company.
The Legion II team will be led by Lind as Chief Executive Officer and President. Lind has a consistent track record of creating value in the midstream sector through several private midstream companies which he has founded or co-founded. Most recently, Lind was President and CEO of Legion Energy Services, LLC which managed the development, construction, and operation of a prominent pipeline system and terminal facility serving the Bakken in North Dakota.
Roger A. Farrell, who most recently served as President and Chief Operating Officer of Southern Union Gas Services, will also be joining the Board of Legion II as non-executive Chairman. Farrell brings over 30 years of midstream operations, engineering and executive leadership from his vast experience with both public and privately operated entities, including serving as President and Chief Executive Officer of Enogex.
"We are excited to be in partnership with such an accomplished midstream entrepreneur in Jim. The Company currently has good momentum on several midstream projects which we believe over time will deliver superior returns to our investors," said Dheeraj Verma, Managing Director of Quantum. "We are also excited to welcome Roger to the Board and are convinced that his experience and insights will be impactful on the growth and success of Legion II."
Lind remarked on the closing, "With the continuing development and expansion of resource plays, we see a great opportunity in the market today to build infrastructure customized to producer needs. We are excited about the Company's current slate of projects and opportunities, and I believe the partnership with Quantum will allow us the opportunity to build another successful midstream company."
About Legion Energy Services, II, LLC
Based in Tulsa, Oklahoma, Legion II is led by a team of seasoned industry professionals, many with nearly 30 years in energy-related engineering, operations, marketing, business development and financial services disciplines providing exceptional customer service to the producing community. For more information on Legion II, please visit www.legionenergyllc.com.
About Quantum Energy Partners
Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $6.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.