EnCap Investments

EnCap Investments L.P. is a private equity and venture capital firm founded in 1988, headquartered in Houston, Texas, with an additional office in Dallas. The firm specializes in investments within the oil and gas industry, focusing on upstream and midstream companies. EnCap typically provides capital incrementally for seed, start-ups, and early-stage ventures, as well as for reserve acquisition and drilling projects. In the midstream sector, the firm prefers to invest in natural gas pipelines, gathering and processing facilities, and various energy infrastructure operations. EnCap seeks opportunities primarily in the United States, Canada, and Mexico, with a particular emphasis on the Dallas area, and generally invests between $10 million and $350 million per deal. The firm has managed several funds, including EnCap Energy Capital Fund VIII, which raised $3.5 billion in commitments, targeting proven management teams in North America's upstream oil and gas sector.

Nick Barham

Associate

Mark Burroughs Jr.

Managing Director

Matt Crystal

Director,Investor Relations and Fundraising

Shawn Cumberland

Managing Partner

Jason DeLorenzo

Managing Partner

Brooks Despot

Director

Ryan P. Devlin

Managing Director

Preston Finkbeiner

Associate

Michael Guenther

Associate

Robert H. Haier JR.

Chief Financial Officer

Mitchell D. Hovendick

Director

Jim Hughes

Managing Partner

Kyle M. Kafka

Partner

Charlie Knapp

VP

Connor Mannon

Associate

E. Murphy Markham

Managing Partner

R. Jason McMahon

Partner

Taylor Mccay

Vice President

Kellie Metcalf

Managing Partner

Connor Michelsen

Senior Associate

David Miller

Managing Partner and Co-Founder

Meg Murphy

VP

Edward Parnell

VP

Andrew Perry

Associate

Gary Petersen

Co-Founder

D. Martin Phillips

Co-Founder & Managing Partner

George W. Purgason

Director

Timothy Brian Rebhorn

Managing Partner

M. Sean Smith

Partner

Jerry Smith

Managing Director

Wynne Snoots

Partner

Bryan Stahl

Director

Douglas E. Swanson Jr.

Managing Partner

Brad Thielemann

Partner

Mark Welsh

Managing Director

Robert Zorich

Co-Founder

Past deals in Oil and Gas Exploration

Grenadier Energy Partners

Private Equity Round in 2021
Grenadier Energy Partners is production company in energy sector, develop oil and natural gas by applying cutting edge technology.

Modern Resources

Venture Round in 2020
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.

Pegasus Resources

Private Equity Round in 2019
Based in Fort Worth, Texas, Pegasus Resources is a well-funded private company focused on acquiring mineral and royalty interests in proven oil and gas resource plays, specifically the Permian Basin. The company is backed by a $300 million commitment from EnCap Investments, one of the nation’s premier energy investment firms. Led by a team of established leaders in the business, Pegasus has the experience and expertise to source, evaluate, negotiate, and close acquisitions providing value to mineral owners, investors, partners, and stakeholders. They understand that relationships are the core of our business. No matter how big or small the acquisition, we pride ourselves in always acting with integrity, honesty, and transparency. That is the Pegasus way.

Silverado Oil & Gas

Private Equity Round in 2019
Silverado Oil & Gas specializes in the exploration and development of oil and gas properties in various onshore basins. Silverado delivers returns to investors through the acquisition and exploitation of large-scale, liquid-rich resource play developments.

Raisa Energy

Venture Round in 2019
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.

Piedra Resources

Venture Round in 2018
Piedra Resources provider of oil and gas exploration and production services. Founded in 2004 by Energy Executives Robert Beecherl and Chip Smith in partnership with EnCap Investments L.P. With a focus on the Permian Basin, Piedra strives to create value through exploration, development and acquisition of natural gas and oil reserves. With the expertise and experience that Piedra was built upon, they pursue the exploration and development of lower-risk resource plays with scalability and upside. Their team has a proven track record of drilling and operational excellence.

Forge Energy

Private Equity Round in 2018
Forge Energy is an independent exploration and production company that offers crude oil, natural and liquid gas, and other oil products. It focuses on value creation through acquisition and leasing, consolidation, and exploitation of mature oil and gas producing properties in the central United States.

Pegasus Resources

Private Equity Round in 2017
Based in Fort Worth, Texas, Pegasus Resources is a well-funded private company focused on acquiring mineral and royalty interests in proven oil and gas resource plays, specifically the Permian Basin. The company is backed by a $300 million commitment from EnCap Investments, one of the nation’s premier energy investment firms. Led by a team of established leaders in the business, Pegasus has the experience and expertise to source, evaluate, negotiate, and close acquisitions providing value to mineral owners, investors, partners, and stakeholders. They understand that relationships are the core of our business. No matter how big or small the acquisition, we pride ourselves in always acting with integrity, honesty, and transparency. That is the Pegasus way.

Silverback Exploration

Private Equity Round in 2017
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

Private Equity Round in 2017
Ameredev is an Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

Black Swan Oil & Gas

Private Equity Round in 2017
Black Swan Oil & Gas focuses on the acquisition and development of horizontal resource plays. The company is a privately held, growth-oriented exploration & production company with an expanding operational footprint in the Permian Basin.

Enduring Resources

Private Equity Round in 2017
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

Venture Round in 2016
Novo Oil & Gas, LLC engages in the exploration, drilling, and production of oil and gas in Oklahoma, West Texas, and Southeast New Mexico. Novo Oil & Gas, LLC was incorporated in 2016 and is based in Oklahoma City, Oklahoma.
Plains All American Pipeline is engaged in the transportation, storage, terminalling and marketing of crude oil, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids ("NGL"). We own and operate a diversified portfolio of strategically located assets that play a vital role in the movement of U.S. and Canadian energy supplies. On average we handle over 3.5 million barrels per day of crude oil and NGL through our extensive network of assets located in key North American producing basins, major market hubs and transportation gateways. The company is headquartered in Houston.

Grayson Mill Energy

Private Equity Round in 2016
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

Venture Round in 2016
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.

Raisa Energy

Private Equity Round in 2016
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.

Felix Energy

Venture Round in 2016
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.

Verdun Oil Company

Private Equity Round in 2015
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

Venture Round in 2014
Piedra Resources provider of oil and gas exploration and production services. Founded in 2004 by Energy Executives Robert Beecherl and Chip Smith in partnership with EnCap Investments L.P. With a focus on the Permian Basin, Piedra strives to create value through exploration, development and acquisition of natural gas and oil reserves. With the expertise and experience that Piedra was built upon, they pursue the exploration and development of lower-risk resource plays with scalability and upside. Their team has a proven track record of drilling and operational excellence.

Advance Energy Partners

Private Equity Round in 2014
Advance Energy Partners, LLC engages in the development, exploration, and production of oil and gas. The company sources, evaluates, and acquires oil and gas assets. It also engages in reservoir development, oil field operations, asset management, and exploration activities. Its focus areas include the Permian Basin, Cretaceous Gulf Rim, and Powder River Basin. The company was incorporated in 2014 and is based in Houston, Texas.

Silverback Exploration

Private Equity Round in 2013
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

Private Equity Round in 2012
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

Venture Round in 2012
Eagle Oil & Gas Co. is a company focused on the acquisition, development, and exploration of oil and gas reserves. Founded in 1976, it is headquartered in Dallas, Texas, with an additional office in Wichita Falls, Texas. The company operates exploration projects across several states, including Montana, Wyoming, New Mexico, Texas, Oklahoma, Louisiana, Arkansas, Mississippi, Ohio, Michigan, and Colorado. Eagle Oil & Gas Co. provides services related to the exploration and exploitation of energy resources.

Earthstone Energy

Private Equity Round in 2012
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

Private Equity Round in 2011
Nuevo Midstream, LLC is a start-up midstream company headquartered in Houston. The company was formed with a $65 million commitment from the EnCap Energy Infrastructure Fund, Torch Energy Advisors Incorporated and Petroleum Fuels Company, Inc., including contributions of assets and management services from Torch Energy and Petroleum Fuels. Nuevo Midstream will focus its operations in the Permian Basin with emphasis on the Bone Springs and Wolfcamp formations and the Avalon Shale trend in southeast New Mexico and west Texas. Led by Jay Lendrum, Torch Energy's current president and COO, the senior leadership group at Nuevo Midstream has more than 120 years of energy industry experience and also includes Randy Ziebarth, vice president of operations; Chris Work, vice president and chief financial officer; and Dwight Serrett, vice president of engineering and construction.

Marquette Exploration

Venture Round in 2011
Marquette Exploration, LLC engages in the exploration, delineation, and exploitation of natural gas resource plays in the continental.

PennEnergy Resources

Private Equity Round in 2011
PennEnergy Resources is an independent oil and gas company focused on the acquisition and development of unconventional shale resources.

Petrohawk Energy

Post in 2011
Petrohawk Energy is an energy company that is focused on the exploration, development, and production of crude oil and natural gas. It has properties in Texas, New Mexico, Oklahoma, Kansas, and Louisiana. Petrohawk Energy is focused on the development of shale plays, including the Haynesville Shale, the Lower Bossier Shale, and the Eagle Ford Shale.

Common Resources

Private Equity Round in 2010
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 Petroleum

Venture Round in 2010
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

Private Equity Round in 2007
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

Private Equity Round in 2002
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.