The Legend of Ute Energy
Steve Toon
February 1, 2013
Wil VanLoh, co-founder, president and chief executive of private-equity provider Quantum Energy Partners, says the Ute Energy sale helped the Northern Ute Tribe to fulfill its dream of creating a 100%-owned tribal energy company.
Three moons past in November, Ute Energy LLC, a Quantum Energy Partners-backed private E&P focused in Utah’s Uinta Basin, sold for a combined value in two deals of more than $1 billion. The company was 51% owned by the Northern Ute Tribe, only the second energy company in U.S. history majority-owned by a tribal nation. The ...
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