[Context: On March 28, the Railroad Commission of Texas issued 64 permits with 21.8% (14) connected with private equity. Quantum Energy-backed Tanos Exploration II received approval for three vertical wells in East Texas. Since 2013, vertical wells represent almost one-third of the 79 wells that Tanos II received approval for, all but one of the remainder were horizontal wells. To date, Tanos has received approval for 12 wells in 2017. In 2016, it received approval for 51 wells.]

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