Houlihan Lokey Advises Rio Oil and Gas II

Houlihan Lokey is pleased to announce that Rio Oil and Gas II, LLC (Rio) has sold its Permian oil and gas assets located in the Southern Delaware Basin. This transaction closed in December 2024.

Rio, a portfolio company of Quantum Capital Group (Quantum), is an independent exploration and production company headquartered in The Woodlands, Texas. Quantum is a leading provider of private capital to the global energy and energy transition industry, having managed, together with its affiliates, more than $28 billion in equity commitments since inception.

The company’s strategy focused on securing and optimizing Southern Delaware Basin acreage through strategic land trades, de-risking drilling inventory across multiple producing benches, and expansion/development with ultimate monetization.

Rio’s Delaware Basin assets included an established low-decline production base and quality de-risked development drilling inventory located primarily in Reeves County, Texas.

The marketing process generated robust interest from a broad range of buyers, including offset operators, family offices, and private equity-backed teams/firms.

The purchaser was EQV, an upstream operator focused on the acquisition, management, and optimization of mature producing oil and gas assets and related infrastructure.

Houlihan Lokey acted as the exclusive financial advisor to Rio for all aspects of marketing, structuring, and negotiating this transaction.

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