Quantum Capital Group Acquires Caerus Oil & Gas Assets for $1.8B
August 19, 2024
Quantum Capital Group, through two portfolio companies QB Energy and KODA Resources, has acquired the oil and gas operations and acreage of Caerus Oil and Gas for approximately $1.8 billion, including assumption of certain asset-backed securities and liabilities. The deal splits Piceance Basin assets to QB Energy and Uinta Basin assets to KODA, transferring operations and many Caerus staff to the acquiring operators to support continued natural gas development for western U.S. markets.
- Buyers
- Quantum Capital Group, QB Energy, KODA Resources
- Targets
- Caerus Oil and Gas
- Sellers
- Caerus Investor Group (Oaktree Capital Management; The Anschutz Corporation; Old Ironsides Energy), Caerus Oil and Gas
- Platforms
- KODA Resources, QB Energy
- Industry
- Oil & Gas
- Location
- Colorado, United States
- Transaction Type
- Divestiture
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