EnCap Investments

Sabalo Energy is a privately held company that invests in the energy sector through exploration, development, and production. Sabalo is headquartered in Corpus Christi, Texas with a team of the best professionals in the business. ​ Sabalo takes great pride in its excellent reputation and continues to develop strong bonds with a core group of service companies, E&P companies, and financial partners.

Grenadier Energy Partners is a private exploration and production company located in The Woodlands, Texas. The company specializes in the extraction of crude petroleum and natural gas by utilizing advanced technology throughout the drilling, completion, and production phases of its operations. Grenadier Energy focuses on a balanced strategy that includes leasing and drilling opportunities with significant resource potential, alongside targeted acquisitions that offer clear opportunities for exploitation and development.

Modern Resources Inc. operates as an oil and gas exploration and production company. The company was founded in 2012 and is based in Calgary, Canada. As of November 2, 2020, Modern Resources Inc. operates as a subsidiary of Tourmaline Oil Corp.

US Grid Company is a company that owns and operates power plants critical to the reliability of power supply.USGRDCO acquires and manages natural gas power plants in major cities under a plan that is hyper-focused on reliability, resilience and massive reductions in carbon.

Pegasus Resources, based in Fort Worth, Texas, is a private company dedicated to acquiring mineral and royalty interests in established oil and gas resource areas, particularly the Permian Basin. With significant financial backing from EnCap Investments, Pegasus is led by a team of seasoned professionals who possess the expertise to effectively source, evaluate, negotiate, and finalize acquisitions. The company prioritizes building strong relationships and emphasizes integrity, honesty, and transparency in all business dealings, regardless of the size of the acquisition. By focusing on proven resource plays, Pegasus aims to maximize returns for its stakeholders while providing value to mineral owners and partners.

Raisa Energy is an exploration and production company that creates value by owning and leasing mineral and non-operated working interests in major oil and gas basins across North America. The company consistently aggregates high-return acreage and have the capacity to execute transactions from one acre in size and up. Raisa's current asset portfolio is focused on unconventional plays in Colorado, North Dakota, Oklahoma, and Texas. The company is continually evaluating acreage in additional areas.

Silverado Oil & Gas is an oil and gas company based in The Woodlands, Texas, that specializes in the exploration and development of oil and gas properties across several onshore basins in the United States. The company's primary focus is on the acquisition and exploitation of large-scale, liquid-rich resource plays, aiming to deliver returns to its investors through effective resource development.

Piedra Resources is a provider of oil and gas exploration and production services, established in 2004 by Robert Beecherl and Chip Smith in collaboration with EnCap Investments L.P. The company focuses on the Permian Basin, engaging in the exploration, development, and acquisition of natural gas and oil reserves. With a commitment to lower-risk resource plays, Piedra aims to deliver scalability and growth potential. The team at Piedra Resources boasts a proven track record in drilling and operational excellence, positioning the company to effectively facilitate energy distribution in Texas.

Operator of an oil and gas exploration company based in Houston, Texas. The company engages in the identification, acquisition, and development of horizontal resource plays and oil wells, utilizing advanced techniques like full cube and dual cube development, thereby enabling clients to optimize production and maximize returns.

Forge Energy II, LLC is an independent exploration and production company based in San Antonio, Texas, established in 2018. The company specializes in the production and exploration of crude oil, natural gas, and liquid gas. Forge Energy focuses on value creation through the acquisition and leasing of oil and gas assets, as well as the consolidation and exploitation of mature production properties, primarily in the central United States.

Pegasus Resources, based in Fort Worth, Texas, is a private company dedicated to acquiring mineral and royalty interests in established oil and gas resource areas, particularly the Permian Basin. With significant financial backing from EnCap Investments, Pegasus is led by a team of seasoned professionals who possess the expertise to effectively source, evaluate, negotiate, and finalize acquisitions. The company prioritizes building strong relationships and emphasizes integrity, honesty, and transparency in all business dealings, regardless of the size of the acquisition. By focusing on proven resource plays, Pegasus aims to maximize returns for its stakeholders while providing value to mineral owners and partners.

Silverback Exploration is an oil & gas exploration and production company that seeks leasing and drilling opportunities in conventional and unconventional resources plays across the nation. Silverback has a high level of expertise in horizontal drilling, with an extensive understanding of operational efficiencies and the latest technologies. Silverback Exploration recently successfully developed and sold assets in Reeves County to Centennial Resource Development for four times return on its investment.

Ameredev is an exploration and production company based in Austin, specializing in the acquisition and development of oil and gas properties in the Permian Basin. The company focuses on proven geological concepts to identify and secure oil and gas resources, aiming to create resource development projects that yield high returns on investment. Through its strategic approach, Ameredev seeks to capitalize on the potential of the Permian Basin, a region known for its significant oil and gas reserves.

Black Swan Oil & Gas, LLC is an independent oil and gas exploration and production company based in Edmond, Oklahoma. The company operates across 48 states, focusing primarily on the acquisition and development of horizontal resource plays, particularly in the Permian Basin. Black Swan seeks to identify and acquire leasehold and mineral rights, as well as other oilfield investment opportunities. By pursuing these upstream opportunities, the company aims to achieve sustainable performance and growth for its stakeholders over the long term.

Enduring Resources, LLC engages in the acquisition and exploitation of natural gas assets in domestic onshore basins. It has properties in the Uinta Basin and East Texas. Enduring Resources, LLC was formerly known as Enduring Resources GP, L.L.C. The company was founded in 2004 and is based in Denver, Colorado.

Novo Oil & Gas, LLC is an energy exploration and production company founded in 2016 and headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, drilling, and production of oil and gas in regions such as Oklahoma, West Texas, and Southeast New Mexico. Novo is dedicated to developing various onshore basins across the United States and employs innovative drilling and completion techniques to enhance value. The company's efforts are concentrated on proven, liquids-rich unconventional assets, contributing to the sustainable development of the country's energy infrastructure.

Plains All American Pipeline, L.P. specializes in the transportation, storage, terminalling, and marketing of crude oil and natural gas liquids (NGL) across the United States and Canada. The company operates through three main segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment manages an extensive network of pipelines and gathering systems, owning approximately 18,535 miles of active infrastructure and a significant capacity for storage. The Facilities segment focuses on providing storage and terminalling services, as well as processing for crude oil and NGL, with operational capacities including 79 million barrels of crude oil storage and multiple processing plants. The Supply and Logistics segment engages in purchasing, storing, and transporting crude oil and NGL, leveraging a diverse fleet of transport vehicles and railcars. Founded in 1998 and headquartered in Houston, Texas, Plains All American Pipeline plays a crucial role in the movement of energy supplies in North America, handling over 3.5 million barrels per day through its strategically located assets.

Grayson Mill Energy, LLC is an exploration and production company headquartered in Houston, Texas, founded in 2016. The company specializes in the acquisition and development of oil and gas properties primarily in the Rocky Mountains. Grayson Mill Energy aims to generate value through disciplined acquisitions and the implementation of innovative exploration, drilling, and completion techniques. By focusing on high-quality assets, the company seeks to operate industry-leading wells that deliver strong returns.

PetroLegacy Energy is an exploration and production company that acquires and develops oil and gas properties. PetroLegacy currently operates in the Midland Basin where it holds a substantial acreage position primarily in Martin County.

FELIX ENERGY, LLC operates as an oil and gas exploration and production company in the United States. FELIX ENERGY, LLC was incorporated in 2013 and is based in Denver, Colorado. As of March 6, 2020, Felix Energy, LLC operates as a subsidiary of WPX Energy, Inc.

PayRock Energy, LLC, based in Oklahoma City, is a company specializing in the acquisition and development of oil and natural gas resources. It focuses primarily on the STACK play in Oklahoma, as well as the Mississippian play in both Oklahoma and Kansas. Funded by EnCap Investments, L.P., PayRock Energy is led by a management team with a strong record of value creation and extensive experience in the oil and gas industry, particularly with major independent operators in the region. The company's operations encompass both exploration and production activities within its targeted resource areas.

Raisa Energy is an exploration and production company that creates value by owning and leasing mineral and non-operated working interests in major oil and gas basins across North America. The company consistently aggregates high-return acreage and have the capacity to execute transactions from one acre in size and up. Raisa's current asset portfolio is focused on unconventional plays in Colorado, North Dakota, Oklahoma, and Texas. The company is continually evaluating acreage in additional areas.

Verdun Oil Company is an oil and gas firm that specializes in the acquisition and development of oil and gas assets primarily in Texas's Gulf Coast Basin, including the Eagle Ford and Austin Chalk formations. The company focuses on both conventional and unconventional exploration and production, aiming to identify and optimize the recovery of hydrocarbon reserves. By pursuing efficient and economically attractive methods, Verdun Oil Company seeks to maximize value for its employees, landowners, and local communities, while maintaining a commitment to operational excellence.

Piedra Resources is a provider of oil and gas exploration and production services, established in 2004 by Robert Beecherl and Chip Smith in collaboration with EnCap Investments L.P. The company focuses on the Permian Basin, engaging in the exploration, development, and acquisition of natural gas and oil reserves. With a commitment to lower-risk resource plays, Piedra aims to deliver scalability and growth potential. The team at Piedra Resources boasts a proven track record in drilling and operational excellence, positioning the company to effectively facilitate energy distribution in Texas.

Provider of oil and gas exploration and production services based in Houston, Texas. The company operates and owns a wide range of natural gas and energy exploration projects, enabling clients to avail quality energy production and exploration services.

Advance Energy Partners, LLC is an oil and gas exploration and production company based in Houston, Texas. Incorporated in 2014, the firm focuses on the development, exploration, and production of oil and gas assets, with particular emphasis on low-risk leasing and drilling opportunities. The company specializes in reservoir development, oil field operations, and asset management, and it actively engages in the evaluation and acquisition of oil and gas properties. Key operational areas include the Permian Basin, Cretaceous Gulf Rim, and Powder River Basin. Advance Energy Partners is staffed by a team of experienced managers with extensive knowledge of the global oil and gas industry, enabling the firm to effectively convert planned unit developments into current production and expand its footprint in the sector.

Silverback Exploration is an oil & gas exploration and production company that seeks leasing and drilling opportunities in conventional and unconventional resources plays across the nation. Silverback has a high level of expertise in horizontal drilling, with an extensive understanding of operational efficiencies and the latest technologies. Silverback Exploration recently successfully developed and sold assets in Reeves County to Centennial Resource Development for four times return on its investment.

Common Resources is an independent oil and gas exploration and production company. Common Resources focuses on creating value through the drillbit in multiple onshore U.S. basins.

Eagle Oil & Gas Co. is an oil and energy company engaged in the acquisition, development, and exploration of oil and gas reserves. Founded in 1976 and headquartered in Dallas, Texas, with an additional office in Wichita Falls, the company has exploration projects across multiple states, including Montana, Wyoming, New Mexico, Texas, Oklahoma, Louisiana, Arkansas, Mississippi, Ohio, Michigan, and Colorado. Through its operations, Eagle Oil & Gas Co. focuses on both the exploration and exploitation of valuable energy resources.

Earthstone Energy, an oil and natural gas development and production company operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas.

Nuevo Midstream, LLC is a start-up midstream company based in Houston, focusing on providing midstream infrastructure services primarily to natural gas producers in the Permian Basin, particularly in the Bone Springs and Wolfcamp formations, as well as the Avalon Shale trend in southeast New Mexico and west Texas. The company, which was established with a significant financial commitment from the EnCap Energy Infrastructure Fund and other partners, offers a range of services that include natural gas gathering, compression, treating, processing, transportation, fractionation, and storage of natural gas liquids (NGLs). The leadership team, which boasts over 120 years of combined experience in the energy sector, is headed by Jay Lendrum, along with key executives such as Randy Ziebarth, Chris Work, and Dwight Serrett.

Marquette Exploration, LLC engages in the exploration, delineation, and exploitation of natural gas resource plays in the continental.

PennEnergy Resources is an independent oil and gas company that specializes in the acquisition and development of unconventional shale resources. Operating primarily in the Appalachian Basin, particularly in the Marcellus region, the company aims to create value for investors, stakeholders, employees, and landowners. It emphasizes the safe and environmentally responsible development of these resources, reflecting a commitment to sustainable practices in the energy sector.

Petrohawk Energy is an energy company that specializes in the exploration, development, and production of crude oil and natural gas. The company operates primarily in the United States, with properties located in Texas, New Mexico, Oklahoma, Kansas, and Louisiana. Petrohawk is particularly focused on developing shale plays, including the Haynesville Shale, Lower Bossier Shale, and Eagle Ford Shale. Its activities encompass the acquisition and mining of oil and gas assets, contributing to its position in the competitive energy market.

Montage Resources (formed through a combination of Eclipse Resources & Blue Ridge Mountain Resources) is a production company with approximately 218,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia and North Central Pennsylvania.

Common Resources is an independent oil and gas exploration and production company. Common Resources focuses on creating value through the drillbit in multiple onshore U.S. basins.

Oasis is the premier operator in the Williston Basin, possessing both coveted assets and creative people that drive the success of the Company. They are on the forefront of technology deployment, operational efficiencies, and infrastructure development. Their 507,000 net acres in the Williston Basin are highly concentrated and are prospective for the Bakken, Three Forks and other potential horizons. As they develop this acreage position that is in the heart of the play, they expect to increase long-term shareholder value while maintaining a conservative balance sheet. They have a long history of acquiring and exploiting oil and gas assets; which has been characterized by capital discipline coupled with differential views of the market. While they have a great track record of rapidly growing production and reserves, they do not subscribe to the idea of growth at any cost.

Laramie Energy II, LLC engages in finding and developing natural gas reserves from unconventional gas reservoirs within the U.S. Rockies. It conducts an acquisition and development program within the Piceance Basin of Western Colorado. The company was formerly known as Laramie Energy, LLC and changed its name to Laramie Energy II, LLC in June 2007. Laramie Energy II, LLC was founded in 2004 and is based in Denver, Colorado.

Plantation Petroleum Company is an upstream oil and gas entity engaged in the exploration, extraction, refining, transportation, and marketing of petroleum products. The company distributes these products to various sectors, including residential, commercial, industrial, and agricultural markets. Focusing on the Permian Basin in Texas and New Mexico, Plantation Petroleum aims to create value by acquiring and developing oil and gas assets in this region.