Houlihan Lokey Advises Tribune Resources

Houlihan Lokey is pleased to announce the sale of Tribune Resources, LLC, to Vickery Energy Partners, LLC (Vickery). This transaction closed on January 6, 2026.

Tribune Resources is a private upstream oil and gas company headquartered in Lafayette, Louisiana, which holds ~38,000 net acres across the southwest Appalachian basin. Tribune Resources’ assets included producing and undeveloped acreage in the Marcellus wet gas window, along with undeveloped acreage in the Marcellus dry gas play.

The company has an established track record of drilling success with superb repeatability. Tribune Resources’ assets included highly economic acreage and development inventory across West Virginia’s core and most actively developed oil and gas counties.

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

The purchaser was Vickery, an upstream oil and gas company based in Fort Worth, Texas, sponsored by Quantum Capital Group (Quantum). Vickery is focused on the acquisition and development of oil and gas properties in the Appalachian Basin and other selected U.S. regions. Quantum is a leading provider of private capital to the global energy and energy transition industry, having managed together with its affiliates more than $32 billion in equity commitments since inception.

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

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