Getting your player ready...
Quantum Resources Management LLC, the Denver-based fund manager that owns 80 oil and natural-gas fields from the Gulf Coast to the Rocky Mountains, plans to spend at least $1.2 billion on acquisitions in the next two years.
The firm plans to purchase fields that have been producing for decades and whose output can be enhanced by drilling more wells or using other measures, according to a statement released Monday.
The company plans to relocate its headquarters in the next few months to Houston, home of its co-manager, Quantum Energy Partners.
