Quantum Energy Partners funds new Houston-based Rockcliff Energy

Following the sale of QR Energy LP to Breitburn Energy Partners LP, QR Energy CEO Alan Smith has formed a new company, Houston-based Rockcliff Energy LLC, of which he is president and CEO, according to the Houston Business Journal. Rockcliff has received $350 million in funding from Quantum Energy Partners.

The new company plans to raise approximately $700 million by May.

Rockcliff will focus on both conventional and unconventional production, which will begin in northwestern Louisiana. Placing more of an emphasis on unconventional operations, the company is also looking for opportunities in the Permian Basin and Mid-Continent areas.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...