SOURCE: Rockford Energy Partners II, LLC

October 10, 2006 15:00 ET

Rockford Energy Partners II Acquires Huber Energy L.P.'s South Texas Assets

TULSA, OK -- (MARKET WIRE) -- October 10, 2006 -- Rockford Energy Partners II, LLC ("Rockford") has acquired, through private negotiation, all of the oil and gas assets of the Huber Energy L.P. in the South Texas Gold River field of Webb and Dimmit counties. The acquired properties hold 75 Bcfe of net proved reserves and currently generate approximately 12 MMcfepd of net daily production. Identified upside in the properties includes behind pipe recompletions and additional drilling across the 76,000 gross / 61,000 net acres.

Rockford vice president of reservoir engineering, John Minton, said, "These properties contain a multitude of development opportunities through over 180 PDNP and PUD locations along with significant untested CBM and deep horizon potential. Our plan is to continue a one rig program in this area during 2006 and increase the work level to a two rig program in 2007. We expect the production from these assets to almost double by the end of 2007."

Rockford was founded with an equity commitment from Quantum Energy Partners, its affiliates, and the management team, which is led by Charles "Chuck" H. Perrin, President and CEO. The company's focus is to grow its reserve base through acquisitions and exploitation drilling of medium to long lived reserves across North America. 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, ext. 16.

Quantum Energy Partners is a Houston-based private equity firm specializing in the energy industry with more than $2.5 billion of capital under management. For more information on Quantum, please visit www.quantumep.com or call either Wil VanLoh or Alan Smith at (713) 225-4800.

Contact Information

  • Contact:
    Chuck Perrin
    Rockford Energy Partners II
    (918) 583-9400, ext. 16