Quantum Energy Partners and Bison Announce the Formation of Bison Oil & Gas Partners IV, LLC and the Closing of Multiple DJ Basin Acquisitions

DENVER, February 22, 2023 (GLOBE NEWSWIRE), -- Quantum Energy Partners (‘Quantum’) and Bison Oil&Gas (‘Bison IV’) announce the formation Bison Oil&Ga Partners IV, LLC (‘Bison IV’) with equity capital commitments exceeding $500 million. Bison IV, which builds on the success of previous Bison entities will be focusing on the acquisition and responsible developing of oil and natural gas assets within the Denver-Julesburg Basin in Colorado and Wyoming (the "DJ Basin"). Alex Jackson, Quantum's Managing Director, stated that 'We are delighted to partner with Austin Akers and David Gonzales,'. "We have been following Bison closely over many years. They have proven to be exceptional entrepreneurs and high-quality operators with unconventional resources, and responsible stewards for their assets. Quantum Partner Jonathan Regan said, "The Bison team has an impressive record of creating value for its investors across upstream and midstream, mineral, or royalty assets." Austin Akers, Bison IV's CEO, stated that 'We look forward building on the previous successes of the Bison franchise and Quantum Energy Partners at BisonIV. Bison believes that the DJ Basin has some of the best economic development opportunities in North America. We appreciate Quantum's support to consolidate such a rich basin. Bison IV, a Denver-based company, focuses on the acquisition and development oil and gas properties throughout the Rocky Mountain region. It is particularly focused on the DJ Basin of Colorado and Wyoming. Bison IV has been operating in the DJ Basin area since 2015. It has formed and monetized numerous partnerships. Quantum Energy Partners was founded in 1998 and has managed more than $20 billion of equity commitments together with its affiliates since its inception. You can find more information about Quantum at URL, or call Michael Dalton at (713)452-2110.