QStar II

 

Portfolio

Investment: 
2017

QStar II is a privately held, Houston-based independent oil and gas company focused on the identification, acquisition and exploration of various onshore U.S. basins with a particular emphasis on the Permian Basin. QStar II is led by Gerald Carman (CEO), David Newman (President), Joel Saber (CFO), Jim McBride (EVP Corporate Development), Bryan Richter (VP Geosciences), Ian Murray (VP Engineering) and Mike Tessari (VP Operations).  EnCap previously partnered with QStar I, which built and sold a Permian Basin position to SM Energy Co. (NYSE:SM) for $1.6 billion in December 2016.