Investor Presentaiton
QuarterNorth Energy
Top 10
Exposures
1.
2.
NexPoint Storage
Partners
NexPoint Homes
3.
NexPoint Real
Estate Finance
4.
EDS Legacy
Partners
INVESTMENT BACKGROUND
QuarterNorth Energy Holding Inc. ("QNE") is one of the largest
independent offshore exploration and production operators in the
United States with a diverse footprint spanning the Gulf of Mexico. QNE
was formed in August 2021 to purchase certain oil and natural gas
properties from Fieldwood Energy Inc., which filed for bankruptcy in
2020. In managing its business, QNE is focused on optimizing
production and increasing reserves in a profitable and prudent manner,
while managing cash flows to meet its obligations and investment
needs. The company's goal is to grow its production, reserves, and cash
flow in a capital efficient manner by pursuing low-risk, high-return
projects that organically enhance the value of its deepwater oil and gas
assets. The company is based in Houston, Texas.
INVESTMENT HIGHLIGHTS
Initial Investment
% of HFRO
Investment
Investment Type
Industry
2021
4.50%
$47.1M
Debt, Private Equity
Energy
5. IQHQ
6.
QuarterNorth
Energy
7.
NexPoint
Hospitality Trust
INVESTMENT UPDATE
In November, QNE reported strong operational and financial results for
the fiscal quarter ended September 30, 2023. The key highlights for the
quarter were record oil and gas production due to the successful
completion of the Katmia West well. The company plans to drill another
offsetting well in 2024 and upgrade the production platform. In
addition, the company sold its Plugging & Abandonment business and
closed on the sale of its shelf properties.
8.
CCS Medical
Freddie Mac 21K-
9.
F103
10. Easton Village
Ventures
NOVEMBER 2023
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