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Qstar LLC

Company Summary

Description

QStar is a privately held, Houston-based independent oil and gas company focused on the identification, acquisition and exploration of liquids-rich plays in various onshore U.S. basins with a particular emphasis on the Permian Basin. QStar is led by Gerald Carman (CEO), David Newman (COO), Charles Close (CFO), Mark Przywara (VP Geosciences) and John Lodge (VP Land & Commercial). Management has an impressive track record of creating value both individually and collectively, most recently with TriTech Energy Capital. QStar’s strategy involves employing a data-driven approach. The company will rely extensively on subsurface data and historical production and well data to identify areas that have yet to be exploited with modern completion techniques. QStar plans to be opportunistic in its approach and will either employ a lease-and-drill or acquire-and-exploit strategy, depending on the opportunity set and the associated economics.

Website

http://qstarllc.com/

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Recent news

Company Transactions

Date: 12/22/2016
Type: Acquisition

SELLERS:
  • Qstar LLC
  • DETAILS:

    COST: 1.6 $B

    VOLUMES: 2.4 MBOE/d

    ACRES: 35700 Acres

    REGIONS:
  • Permian Basin