- Vickery Energy Partners acquired Tribune Resources assets covering approximately 38,000 net acres in West Virginia with over 200 MMcfe/d of production. - The assets are primarily located in Wetzel, Tyler, Harrison, and Doddridge counties offering significant development potential in the Marcellus Shale. - The acquisition enhances Vickery's production base and provides multiple years of development activity, leveraging their expertise to grow and scale the business. - Led by former Tug Hill executives, Vickery aims to build a premier Appalachian gas company and deliver strong investor returns. - Quantum Capital Group supports the deal, viewing it as a strategic move to strengthen Vickery’s platform and energy market supply. - Tribune Resources has scaled assets since 2018 but is now divesting to focus on its core operations, expressing confidence in Vickery’s future growth. - Legal and financial advisory roles were handled by Vinson & Elkins LLP, Kirkland & Ellis LLP, and Houlihan Lokey respectively. - Quantum Capital Group has managed over 32 billion dollars in energy investments since 1998, emphasizing its prominence in energy and transition funding.

Vickery Energy Acquires Appalachia Gas Assets from Tribune Resources

January 08, 2026 08:00 ET | Source: Vickery Energy Partners, LLC

FORT WORTH, Texas, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Vickery Energy Partners, LLC (“Vickery”), a portfolio company of Quantum Capital Group, announced today that it has closed on the acquisition of Tribune Resources, LLC from Tribune Resources, Inc (“Tribune”). The transaction includes assets located primarily in Wetzel, Tyler, Harrison and Doddridge counties, West Virginia, spanning a total of approximately 38,000 net acres with more than 200 million cubic feet equivalent per day (MMcfe/d) of net production.

Vickery is led by former executives of Tug Hill, including Sean Willis as President and Chief Executive Officer and Daniel Rowe as Chief Financial Officer. In August of 2023, Quantum sold Tug Hill Operating and XcL Midstream’s portfolio of upstream and midstream assets located in the Appalachian Basin to EQT Corporation for a total consideration of approximately $5.0 billion.

“We are pleased to acquire these high-quality assets with development inventory in both the wet and dry windows of the Marcellus Shale. This transaction provides Vickery with a significant production base and multiple years of development runway, allowing us to apply our expertise and demonstrated execution capabilities to grow production, build a business of scale, and create value for our investors,” said Mr. Willis.

“Quantum is pleased to support Vickery in this strategic acquisition. The Tribune assets provide a high-quality platform from which Vickery can continue to build a premier Appalachian natural gas company. We look forward to working alongside the Vickery team to enhance the value of these assets, deliver strong returns for our investors, and help supply reliable, affordable energy to the market,” said Tom Field, Partner at Quantum.

“I am incredibly proud of how our team has scaled these assets and delivered shareholder value since taking over in 2018, despite a volatile market,” said Gus Zepernick, President and CEO of Tribune Resources. “We are grateful to our employees, board, shareholders, and partners for their dedicated support. We are confident Vickery will build upon this foundation and wish them nothing but success in their future operations.”

Vinson & Elkins LLP served as legal counsel to Vickery. Houlihan Lokey served as exclusive financial advisor, and Kirkland & Ellis LLP served as legal counsel, to Tribune.

About Vickery Energy Partners, LLC

Vickery Energy Partners, LLC was founded in 2024 by Quantum Capital Group and members of management following their successful acquisition, development, and divestiture of companies across upstream, midstream, and minerals in Appalachia in 2023. The Vickery management team possesses an extensive history of responsibly operating and developing oil and gas assets of scale across the United States, notably in the Marcellus and Utica Shales. For more information on Vickery, please visit www.vickeryenergy.com.

About Tribune Resources, Inc.

Tribune Resources, Inc. is a privately held energy company with previous operations focusing on the acquisition, exploration, development, and production of clean-burning natural gas located in the Marcellus Shale of West Virginia.

About Quantum Capital Group

Founded in 1998, Quantum is a leading provider of private capital to the global energy and energy transition industry, having managed together with its affiliates more than $32 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumcap.com.

Media Contacts

Vickery Energy Partners and Quantum Capital Group
Kate Thompson / Erik Carlson / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
Quantum-JF@joelefrank.com
212-355-4449