August 10, 2015 – Houston, Texas: Quantum Energy Partners (“Quantum”) announced today that Charles D. “Chuck” Davidson, former CEO and Chairman of the Board of Noble Energy, Inc., has joined the firm as a Venture Partner and that Anthony J. “Tony” Best, former President and Chief Executive Officer of SM Energy Company, has joined the firm as a Senior Advisor. Davidson and Best collectively have over 70 years of executive and operating experience in the energy industry where they have each dynamically led the growth of multiple organizations that became best in class operators.
Davidson served as CEO of Noble Energy from 2000 to 2014 and its Chairman until his retirement in May of this year. Noble Energy is a member of the S&P 500 and is one of the nation’s leading independent energy companies. Under Davidson’s leadership, Noble Energy was transformed into one of the largest and best performing E&P companies with world-class positions in resource plays such as the Niobrara and Marcellus, as well as multiple international concessions. Before joining Noble Energy, Davidson was Chairman, President and Chief Executive of Vastar Resources, Inc., a publicly owned subsidiary of ARCO, which merged with BP in 2000. Prior to the formation of Vastar, he held a number of engineering, operations and executive assignments at ARCO.
Davidson will be joining Quantum’s Investment Committee and be working full-time with the investment team to steward the firm’s capital. He will also be working closely with a select number of the firm’s portfolio companies on strategic and operating initiatives.
Best served as President and Chief Executive Officer of SM Energy, a public E&P company focused on the exploration and development of oil and gas resource plays across North America, from 2007 until his retirement in January of this year. During Best’s tenure, he refocused SM Energy into a top quartile performer in both the Eagle Ford and Bakken shale plays. Prior to joining SM Energy, Best served as President and Chief Executive Officer of Pure Resources, Inc., a Unocal subsidiary, where his responsibilities included management of all exploration and production operations and full P&L accountability for Unocal’s Lower 48 U.S. onshore assets. Like Davidson, Best also held numerous executive roles at ARCO, and in fact, both men were friends and colleagues for much of their ARCO careers.
Best will be joining Quantum’s Industry Advisory Board and will also be working with Quantum’s investment team and select portfolio companies on strategic and operating initiatives.
“We are very excited that two of the energy industry’s leading executives have chosen to partner with Quantum. Chuck’s and Tony’s experience as capital allocators leading oil and gas companies through the ups and downs of multiple commodity cycles as well as their knowledge, relationships, and insights into managing all aspects of unconventional resource plays, will allow them to contribute in multiple ways to our investment platform,” said Wil VanLoh, President and CEO of Quantum.
About the relationship Davidson commented, “I am excited to be joining Quantum in a role which will allow me to work closely with the leadership team as well as the portfolio companies to create value for our investors. I have grown to appreciate Quantum’s strong investment track record that has been driven by their rigorous approach to risk analysis and capital allocation. I look forward to using my skills and experiences in new ways to contribute to the future success of the firm.”
Best added, “I am very pleased to be part of the Quantum franchise. I have known the principals of Quantum for many years and have great respect for the platform they have built to fund and support the energy industry’s top entrepreneurs. Quantum is a premier private equity partner and I look forward to helping support their investment efforts.”
About Quantum Energy Partners
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. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.