With capital commitments from Quantum Energy Partners and the management team totaling more than $500 MM, Tanos II has the financial strength to quickly seize opportunities when they arise. In addition to equity capital, the company has established banking relationships that ensure the availability of additional debt capital that can be layered in as needed.
In the constantly evolving oil and gas industry, expeditious access to sources of capital is often the difference between success and failure. Through a combination of its existing equity commitments and established debt capacity, Tanos has the financial flexibility and strength to quickly seize opportunities as they arise.
The Company possesses equity commitments in excess of $500 million through its sponsor Quantum Energy Partners and management team. Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $10.5 billion in equity commitments since inception. In addition, Tanos has strong bank relationships providing $1 billion in credit facilities, with current borrowing capacity up to $300 million. These two substantial sources of capital set Tanos apart in its ability to act quickly on opportunities, whether through acquisitions or the drillbit.