Vickery Power Companions has closed the acquisition of pure fuel belongings within the Appalachian basin from Tribune Sources, including roughly 38,000 web acres and greater than 200 MMcfe/d of web manufacturing throughout Wetzel, Tyler, Harrison and Doddridge counties in West Virginia.
The belongings embody growth stock in each the moist and dry home windows of the Marcellus Shale, offering Vickery with a longtime manufacturing base and multi-year drilling runway. Monetary phrases of the transaction weren’t disclosed.
Vickery is led by former Tug Hill executives, together with President and CEO Sean Willis and CFO Daniel Rowe, and is backed by Quantum Capital Group. Quantum beforehand offered Tug Hill Working and XcL Midstream’s Appalachian belongings to EQT in a $5-billion transaction in 2023.
The transaction additional consolidates private-equity-backed positions within the Appalachian fuel sector as operators place for long-term demand development and improved basin economics.
