Quantum Energy Partners is sponsoring the development of hydrocarbon-based energy resources on the Fort Peck Indian Reservation in Montana. No financial terms were disclosed for the commitment, which is being made via a platform called Native American Resource Partners. Quantum’s partners on the effort are the Reservation’s Assiniboine and Sioux Tribes.
The Assiniboine and Sioux Tribes of the Fort Peck Indian Reservation in northeastern Montana and Native American Resource Partners (NARP), headquartered in Salt Lake City, have signed an agreement creating Fort Peck Energy Company. The Assiniboine and Sioux Tribes together with Native American Resource Partners will co-develop the hydrocarbon-based energy resources on the Reservation.
Native American Resource Partners will provide business and financial expertise and experience for the new venture including access to investment capital through Quantum Energy Partners, a leading provider of private equity to the global energy industry with more than $5 billion in assets under management.
“This partnership brings together the essential elements that can build success,” noted A.T. Stafne, Chairman of the Tribal Executive Board. “Energy investment capital and expertise together with the abundance of our natural resources have the potential to create long-term financial sovereignty for the Tribes while providing a great investment opportunity for NARP and Quantum. Non-tribal residents on and around the Reservation will also benefit from our partnership and the operations of Fort Peck Energy Company.”
The Fort Peck Reservation is located in the extreme northeast corner of Montana, on the north side of the Missouri River. The Reservation is 110 miles long and 40 miles wide, encompassing more than 2,000,000 acres. There are an estimated 11,786 enrolled tribal members, of whom approximately 6,000 reside on or near the Reservation. Fort Peck Reservation is home to two separate Indian Nations, the Sioux and the Assiniboine, each composed of numerous bands and divisions (www.fortpecktribes.org).
Native American Resource Partners is a private energy development firm specializing in providing capital and expertise to Tribal Nations in the United States and Canada for the purpose of identifying and developing energy resource opportunities on Tribal Lands (www.narpllc.com).
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