Charles Perrin runs Rockford Energy Partners in Tulsa, Oklahoma. He formed the company with Quantum Energy Partners in 2002 in order to acquire, exploit and produce oil and natural gas properties, primarily in Oklahoma and the Texas Panhandle.
At the time the company was established, Quantum invested some fifteen million dollars in cash, and Perrin and his Rockford management team committed an undisclosed sum.
The primary focus of Rock Energy Partners has been on acquiring long-life gas reserves through production purchases. The oil industry in Texas has been struggling in 2015 after a boom period when crude oil production statewide rivaled all-time records set more than forty years ago. The state has been particularly hard-hit by the drop in crude oil prices through the first half of 2015. As of early June, only 364 oil and gas rigs were in production, down from nearly nine hundred at the same time one year before.
On the bright side, low natural gas prices are helping to create a boom period at petrochemical facilities. According to the Potential Gas Committee, the United States has an estimated two and a half trillion cubic feet of technically recoverable natural gas. In one Texas county alone there are some thirty-one billion dollars in petrochemical facilities that are either under construction or planned for construction. Analysts say they will create more than nineteen thousand construction jobs, directly and indirectly.
Quantum Energy Partners is a private equity firm that manages more than three hundred million dollars of capital focused on the energy industry. During the course of his career, Charles Perrin has been the CEO of three different corporations. He has worked in the clothing and branding industries, and once worked for General Foods.
At the time the company was established, Quantum invested some fifteen million dollars in cash, and Perrin and his Rockford management team committed an undisclosed sum.
The primary focus of Rock Energy Partners has been on acquiring long-life gas reserves through production purchases. The oil industry in Texas has been struggling in 2015 after a boom period when crude oil production statewide rivaled all-time records set more than forty years ago. The state has been particularly hard-hit by the drop in crude oil prices through the first half of 2015. As of early June, only 364 oil and gas rigs were in production, down from nearly nine hundred at the same time one year before.
On the bright side, low natural gas prices are helping to create a boom period at petrochemical facilities. According to the Potential Gas Committee, the United States has an estimated two and a half trillion cubic feet of technically recoverable natural gas. In one Texas county alone there are some thirty-one billion dollars in petrochemical facilities that are either under construction or planned for construction. Analysts say they will create more than nineteen thousand construction jobs, directly and indirectly.
Quantum Energy Partners is a private equity firm that manages more than three hundred million dollars of capital focused on the energy industry. During the course of his career, Charles Perrin has been the CEO of three different corporations. He has worked in the clothing and branding industries, and once worked for General Foods.