SOURCE: Rockford Energy Partners II, LLC

March 24, 2005 07:00 ET

Quantum Energy Partners and Chuck Perrin Form Rockford Energy Partners II, LLC to Acquire Mid-Continent Oil & Gas Properties

HOUSTON, TX -- (MARKET WIRE) -- March 24, 2005 -- Quantum Energy Partners III, LP and affiliates ("Quantum") today announced that Quantum and Chuck Perrin have formed Rockford Energy Partners II, LLC ("Rockford" or the "Company"), whereby Quantum committed $50 million to Rockford. Rockford is being formed to acquire, exploit and produce oil and natural gas properties in the Mid-Continent, with a primary focus in Oklahoma and the Texas Panhandle. Rockford's management team consists of Charles "Chuck" H. Perrin, President and CEO, along with Thomas E. Boullt, Jr., V.P. Reservoir Engineering, Jean Antonides, V.P. Geology and Susan C. Keary, V.P. Accounting and Administration. Prior to forming Rockford, Perrin, Boullt and Keary were responsible for the start-up, growth and successful sale last year of Rockford Energy Partners, LLC, a Quantum Energy Partners II, LP portfolio company. In addition, Perrin, Boullt and Antonides worked together at Apache Corp. during the '80s and '90s.

Rockford will focus on acquiring long-life reserves across North America in the $5 million to $50 million size range. Rockford's preference is to purchase operated assets whereby the company can apply its technical capabilities to enhance production. Rockford's office is located at 2800 First Place Tower, 15 East Fifth Street, Tulsa, Oklahoma 74103. For more information on Rockford, please contact Chuck Perrin at (918) 583-9400, extension 16.

Quantum Energy Partners is a private equity firm specializing in the energy industry with more than $670 million of capital under management. Quantum primarily targets making $10 to $50 million investments in North American oil and gas businesses focused on building their reserve base through acquisitions, exploitation and exploration, but will also consider opportunities in the mid-stream, gas storage and independent power sectors. Quantum seeks investments in management teams that have a competitive advantage within a well-defined segment/geographic region of the industry and that are focused on building companies or assets that will be highly attractive acquisition candidates for larger energy companies. For more information on Quantum, or to submit information on your company, please visit www.quantumep.com or call either S. Wil VanLoh, Jr. or Toby R. Neugebauer at (713) 225-4800 or (806) 771-1137, respectively.

Contact Information

  • Contact:
    Chuck Perrin
    (918) 583-9400, extension 16

    Rockford Energy Partners II, LLC
    2800 First Place Tower
    15 East Fifth Street
    Tulsa, Oklahoma 74103