Humble Midstream II Partners and Quantum Capital Group's partnership will focus on North American infrastructure development and operations, especially for low-carbon energy solutions. (Source: Shutterstock)
Humble Midstream II Partners and Quantum Capital Group announced a partnership on Jan. 30 for North American infrastructure development and operations.
The statement did not include the amount of Quantum’s capital commitment to Denver-based Humble II.
“With this commitment from Quantum, we are able to focus on building infrastructure solutions that support the North American energy complex,” said Steven Huckaby, Humble II CEO. “As energy security and sustainability remain important issues, we believe that traditional and low-carbon energy solutions will each play a vital role in fueling our world.”
According to the statement, Humble II lists its goals as developing and operating both traditional infrastructure and facilities for the energy transition.
Last September, after Exxon Mobil bought Denbury—a developer of carbon capture technology—Humble II’s Huckaby said enthusiasm for clean-energy midstream was growing.
“In most cases, individual emitters are not likely to have enough scale with their volumes to drive CCS (carbon capture and sequestration) projects on their own,” Huckaby said in September. “So it’s mostly the sequesterers and the midstream leading the dance.”
On Jan. 30, a Quantum partner said the capital group had confidence in Humble II’s experience and ideas.
“They have a demonstrated track record in the infrastructure space and a creative, customer-focused approach to providing solutions to the industry,” said Garry Tanner, Quantum partner. “We believe the current environment presents an attractive opportunity to develop, own and operate energy infrastructure.”
Quantum Capital Group is a private capital investment firm with a focus on renewable energy and decarbonization sectors.
Recommended Reading
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
2025-03-28 - With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Hirs: Investing for 2025—Growth by Acquisition
2025-01-29 - Fundamentals will push against increased production and a buyers’ market will rule.
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
2025-03-31 - As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
2025-02-25 - Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
Exxon Sits on Undeveloped Haynesville Assets as Peers Jockey for Inventory
2025-04-09 - Exxon Mobil still quietly holds hundreds of locations in the Haynesville Shale, where buyer interest is strong and inventory is scarce.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.