EnCap Investments

X2 Resources is a oil and gas company that targets multibillion-dollar opportunities across premier basins.

Linea Energy is a company focused on accelerating the transition to renewable energy by providing essential infrastructure for clean energy production. It specializes in the development of wind, solar, and storage grids, emphasizing efficient project execution and innovative solutions. By managing interconnection queues and facilitating offtake agreements and project financing, Linea Energy enables clients to achieve a quicker and more effective shift to sustainable energy sources. The company's commitment to efficiency and innovation positions it as a key player in the renewable energy sector.

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.

Sabalo Energy is a privately held upstream exploration and production company based in Corpus Christi, Texas. The company focuses on responsibly developing energy assets in large-scale unconventional basins, specializing in the exploration, development, and production of oil and natural gas. Utilizing advanced dimensional seismic testing equipment, Sabalo ensures the productivity of its sites, which enables its partners to generate substantial cash flow and maximize value through strategic acquisitions. The firm is recognized for its strong reputation and maintains robust relationships with a core group of service companies, exploration and production firms, and financial partners.

Grenadier Energy Partners III is a private exploration and production company headquartered in The Woodlands, Texas. Specializing in the extraction of crude petroleum and natural gas, the company employs advanced technology throughout the drilling, completion, and production phases of its wells. Grenadier Energy focuses on a balanced strategy that includes leasing and drilling opportunities with substantial resource potential, as well as targeted acquisitions that offer clear prospects for exploitation and development. By leveraging innovative techniques, Grenadier Energy aims to profitably develop long-lived oil and natural gas assets in the energy sector.

Modern Resources Inc. is an oil and gas exploration and production company based in Calgary, Canada, founded in 2012. The company specializes in acquiring, producing, developing, and exploiting unconventional oil and gas assets, with a focus on proved reserve acquisitions that offer resource upside in the Western Canadian Sedimentary Basin. As of November 2020, Modern Resources operates as a subsidiary of Tourmaline Oil Corp.

US Grid Company is a firm dedicated to owning and operating natural gas power plants that are essential for ensuring a reliable power supply in major urban areas, particularly in the Northeast and Midwest. The company prioritizes reliability and resilience while actively working to reduce carbon emissions. By acquiring and managing these power plants, US Grid Company collaborates with local utilities and governments to enhance the reliability of the power grid. In addition to optimizing energy volatility, the company is committed to decarbonizing the grid by integrating storage solutions and renewable energy capabilities into its operations.

Pegasus Resources is a private company based in Fort Worth, Texas, specializing in the acquisition of mineral and royalty interests within established oil and gas resource areas, particularly the Permian Basin. Backed by significant financial support from EnCap Investments, the company combines seasoned leadership with a deep understanding of the energy sector to identify and evaluate acquisition opportunities. Pegasus Resources is committed to maximizing returns for its stakeholders by diligently sourcing, negotiating, and finalizing acquisitions. The company emphasizes the importance of relationships in its business model and prioritizes integrity, honesty, and transparency in all its dealings, regardless of the size of the transaction.

Raisa Energy LLC is an independent exploration and production company based in Denver, Colorado, specializing in the acquisition of non-operated working interests, oil and gas leasing, and the purchase of mineral and royalty rights. Founded in 2014, the company focuses on high-return acreage in major oil and gas basins across North America, particularly in unconventional plays located in Colorado, North Dakota, Oklahoma, and Texas. Raisa Energy employs advanced technology and data analytics to conduct thorough due diligence, allowing for strategic acquisitions that enhance investment opportunities. The company is adept at executing transactions of varying sizes, making it a flexible player in the energy sector while continuously evaluating new acreage for potential expansion.

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 various onshore basins in the United States. The company is dedicated to acquiring and exploiting large-scale, liquid-rich resource play developments, aiming to deliver returns to its investors through its strategic operations in the energy sector.

Piedra Resources is an oil and gas exploration and production company founded in 2004 by Robert Beecherl and Chip Smith in collaboration with EnCap Investments L.P. The company is primarily focused on the Permian Basin, where it engages in the exploration, development, and acquisition of natural gas and oil reserves. Piedra Resources aims to create value through lower-risk resource plays that offer scalability and potential for growth. Drawing on the expertise and experience of its team, the company has established a reputation for drilling and operational excellence in the energy sector, facilitating effective energy distribution in Texas.

XCL Resources is an energy company based in Houston, Texas, specializing in oil and gas exploration. The company focuses on the identification, acquisition, and development of horizontal resource plays and oil wells. By employing advanced methodologies such as full cube and dual cube development, XCL Resources aims to optimize production and maximize returns for its stakeholders. The company emphasizes a culture of humility, data-driven operational execution, transparency, purposeful innovation, and motivation, striving to create a balanced work environment while delivering effective results.

Forge Energy II, LLC is an independent exploration and production company based in San Antonio, Texas, founded in 2018. The company specializes in the production and exploration of oil and gas, offering crude oil, natural gas, and other related products. Forge Energy II focuses on creating value through the acquisition and leasing of mature oil and gas properties, as well as their consolidation and exploitation, primarily in the central United States.

Pegasus Resources is a private company based in Fort Worth, Texas, specializing in the acquisition of mineral and royalty interests within established oil and gas resource areas, particularly the Permian Basin. Backed by significant financial support from EnCap Investments, the company combines seasoned leadership with a deep understanding of the energy sector to identify and evaluate acquisition opportunities. Pegasus Resources is committed to maximizing returns for its stakeholders by diligently sourcing, negotiating, and finalizing acquisitions. The company emphasizes the importance of relationships in its business model and prioritizes integrity, honesty, and transparency in all its dealings, regardless of the size of the transaction.

Silverback Exploration II is an oil and gas exploration and production company focused on identifying and developing leasing and drilling opportunities in both conventional and unconventional resource plays throughout the United States. The company possesses significant expertise in horizontal drilling and emphasizes operational efficiencies and advanced technologies to enhance its performance. Silverback Exploration is committed to pursuing organic development projects and strategic acquisitions, enabling it to maximize value while minimizing costs. The company recently achieved notable success by developing and selling assets in Reeves County, yielding a substantial return on its investment. Silverback Exploration's approach combines technical and engineering services to support both private and publicly traded companies in their hydrocarbon exploration efforts.

Ameredev II is an oil and gas exploration and production company that specializes in acquiring and developing properties, with a commitment to responsible operations and stakeholder value creation. The company operates in the Permian Basin, focusing on proven geologic concepts to generate high-return resource development projects.

Enduring Resources, LLC is an independent oil and gas company based in Centennial, Colorado, specializing in the acquisition and exploitation of long-lived natural gas assets within domestic onshore basins. Founded in 2004, the company has established a significant presence in key areas, including the Uinta Basin and East Texas. Enduring Resources is focused on developing its reserve bases, which include a multi-year drilling inventory, to enhance its production capabilities and contribute to the domestic energy sector.

Black Swan Oil & Gas, LLC is an independent oil and gas exploration and production company based in Edmond, Oklahoma. It operates across 48 states, focusing on the acquisition and development of horizontal resource plays, particularly in the Permian Basin. The company is dedicated to pursuing upstream opportunities by identifying and acquiring leasehold, minerals, and other oilfield investment prospects. Through its strategic approach, Black Swan aims to enhance its operational footprint and deliver sustainable performance for its stakeholders over the long term.

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. is a prominent player in the energy sector, specializing in the transportation, storage, and marketing of crude oil and natural gas liquids (NGL) across the United States and Canada. Founded in 1998 and headquartered in Houston, Texas, the company operates through three main segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment manages an expansive network of approximately 18,535 miles of active pipelines and gathering systems, enhancing its capacity to transport crude oil and NGL via diverse methods, including pipelines and barges. The Facilities segment focuses on storage and terminalling services, boasting significant storage capacities for crude oil, NGL, and natural gas, alongside various processing facilities. Lastly, the Supply and Logistics segment is involved in purchasing and marketing crude oil and NGL, managing inventories, and utilizing a fleet of trucks, trailers, and railcars for transportation. Plains All American Pipeline handles over 3.5 million barrels of crude oil and NGL daily, emphasizing its critical role in the energy supply chain, particularly in North America's major production areas.

Grayson Mill Energy, LLC is an exploration and production company based in Houston, Texas, established in 2016. The company specializes in the acquisition and development of oil and gas properties, primarily in the Rocky Mountains. Grayson Mill Energy employs innovative exploration, drilling, and completion techniques to enhance the value of its assets. With a focus on disciplined acquisitions, the company aims to secure high-quality drilling locations that yield strong returns. Through its strategic approach to managing oil and gas assets, Grayson Mill Energy is committed to maximizing operational efficiency and profitability.

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.

PayRock Energy, LLC is an Oklahoma City-based company engaged in the exploration and production of oil and natural gas. It specializes in the acquisition and development of resources in the STACK play of Oklahoma and the Mississippian play in Oklahoma and Kansas. The management team at PayRock Energy possesses a strong track record of value creation, drawing from extensive experience with some of Oklahoma City’s leading independent operators.

Raisa Energy LLC is an independent exploration and production company based in Denver, Colorado, specializing in the acquisition of non-operated working interests, oil and gas leasing, and the purchase of mineral and royalty rights. Founded in 2014, the company focuses on high-return acreage in major oil and gas basins across North America, particularly in unconventional plays located in Colorado, North Dakota, Oklahoma, and Texas. Raisa Energy employs advanced technology and data analytics to conduct thorough due diligence, allowing for strategic acquisitions that enhance investment opportunities. The company is adept at executing transactions of varying sizes, making it a flexible player in the energy sector while continuously evaluating new acreage for potential expansion.

Felix Energy, LLC is an oil and gas exploration and production company based in Denver, Colorado. Established in 2013, the company specializes in the development and operation of oil and gas assets, primarily focusing on onshore projects in the United States. By leveraging its expertise in exploration and production, Felix Energy aims to create value from its operations in the energy sector. As of March 2020, Felix Energy operates as a subsidiary of WPX Energy, Inc.

Verdun Oil Company is an oil and gas firm dedicated to 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 optimize the recovery of oil and gas reserves. Verdun Oil Company emphasizes operating at an efficient cost basis while fostering beneficial relationships with employees, landowners, and local communities. Through its strategic approach, the company aims to deliver clean and economically viable hydrocarbons.

Advance Energy Partners, LLC is an exploration and production company based in Houston, Texas, specializing in the development, exploration, and production of oil and gas. Established in 2014, the company focuses on acquiring and evaluating low-risk leasing and drilling opportunities in key areas such as the Permian Basin, Cretaceous Gulf Rim, and Powder River Basin. Advance Energy Partners is engaged in reservoir development, oil field operations, and asset management, utilizing a team of experienced oil and gas managers with extensive industry knowledge. Through its strategic efforts, the company aims to convert planned unit developments into current production, contributing to the expansion of the oil and gas sector.

Piedra Resources is an oil and gas exploration and production company founded in 2004 by Robert Beecherl and Chip Smith in collaboration with EnCap Investments L.P. The company is primarily focused on the Permian Basin, where it engages in the exploration, development, and acquisition of natural gas and oil reserves. Piedra Resources aims to create value through lower-risk resource plays that offer scalability and potential for growth. Drawing on the expertise and experience of its team, the company has established a reputation for drilling and operational excellence in the energy sector, facilitating effective energy distribution in Texas.

Paloma Resources is an oil and gas firm that provides oil and gas reserve exploration, exploitation, acquisition, and production. The company offers services related to oil and gas exploration, acquisition, and development of petroleum acreage.

Silverback Exploration II is an oil and gas exploration and production company focused on identifying and developing leasing and drilling opportunities in both conventional and unconventional resource plays throughout the United States. The company possesses significant expertise in horizontal drilling and emphasizes operational efficiencies and advanced technologies to enhance its performance. Silverback Exploration is committed to pursuing organic development projects and strategic acquisitions, enabling it to maximize value while minimizing costs. The company recently achieved notable success by developing and selling assets in Reeves County, yielding a substantial return on its investment. Silverback Exploration's approach combines technical and engineering services to support both private and publicly traded companies in their hydrocarbon exploration efforts.

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.

Earthstone Energy is an independent oil and natural gas development and production company focused on the acquisition, development, exploration, and production of onshore crude oil and natural gas reserves in the United States. The company primarily operates in the upstream segment of the oil and natural gas industry, with a significant asset portfolio that includes key areas in the Midland Basin of West Texas and the Eagle Ford trend of South Texas. In addition to its core operations, Earthstone Energy is engaged in corporate mergers and the acquisition of oil and natural gas properties, enhancing its reserve portfolio and operational capacity.

Eagle Oil & Gas Co. is an oil and gas exploration company founded in 1976 and headquartered in Dallas, Texas, with an additional office in Wichita Falls, Texas. The company is engaged in the acquisition, development, and exploration of oil and gas reserves across multiple states, including Montana, Wyoming, New Mexico, Texas, Oklahoma, Louisiana, Arkansas, Mississippi, Ohio, Michigan, and Colorado. Eagle Oil & Gas actively operates and manages its properties as well as the assets of other companies, focusing on drilling new wells and optimizing the production of legacy projects. Through its strategic approach, the company aims to enhance the value of its oil and gas reserves while contributing to the energy sector.

Nuevo Midstream, LLC is a Houston-based midstream company that specializes in providing essential infrastructure and services for natural gas producers. With a focus on operations 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 aims to facilitate the efficient gathering, compression, treating, processing, and transportation of natural gas, natural gas liquids, crude oil, and condensate. Nuevo Midstream's leadership team, comprised of seasoned industry professionals, brings over 120 years of combined experience in the energy sector, ensuring the delivery of comprehensive midstream services to producers and marketers. The company is backed by significant financial commitments from notable energy investment firms, which supports its strategic initiatives and operational capabilities.

PennEnergy Resources is an independent oil and gas company that operates in the Appalachian Basin, specifically within the Marcellus region. The company specializes in the acquisition and development of unconventional shale resources, aiming to create value for investors, stakeholders, employees, and landowners. PennEnergy Resources emphasizes safe and environmentally responsible practices in its operations, ensuring that resource development aligns with sustainability and safety standards. Through its focus on unconventional resources, the company seeks to optimize value creation while maintaining a commitment to responsible environmental stewardship.

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

Petrohawk Energy is an energy company dedicated to the exploration, development, and production of crude oil and natural gas across various regions in the United States, including Texas, New Mexico, Oklahoma, Kansas, and Louisiana. The company specializes in the development of shale plays, particularly in the Haynesville Shale, Lower Bossier Shale, and Eagle Ford Shale. Its operations encompass the acquisition and development of oil and gas shale assets, focusing on maximizing resource extraction and efficiency in these significant shale regions.

Montage Resources Corporation was an oil and natural gas exploration and production company based in Irving, Texas. Founded in 2011, it primarily focused on the Utica and Marcellus Shales across southeast Ohio, West Virginia, and North Central Pennsylvania. At its peak, Montage held approximately 233,800 net acres and estimated proved reserves amounting to 2,729.8 billion cubic feet of natural gas equivalent. The company was formed through the combination of Eclipse Resources and Blue Ridge Mountain Resources and was known as Eclipse Resources until it rebranded in February 2019. Montage Resources was acquired by Southwestern Energy in November 2020.

Chord Energy is an independent exploration and production company focused on the development, production, and acquisition of crude oil, natural gas, and natural gas liquids. Operating primarily in the Williston Basin, the company engages in various activities related to the acquisition, exploitation, and exploration of energy resources. Through its strategic initiatives, Chord Energy aims to enhance its production capabilities while contributing to the efficient management of energy resources.

Laramie Energy II, LLC is an oil and gas producer specializing in the exploration and development of natural gas reserves from unconventional reservoirs in the U.S. Rockies, particularly within the Piceance Basin of Western Colorado. Founded in 2004 and based in Denver, Colorado, the company is involved in acquiring and developing oil and gas resources from tight sands, coal seams, and shales. Laramie Energy II operates properties and midstream assets, focusing on maximizing the potential of these unconventional sources. Formerly known as Laramie Energy, LLC, the company adopted its current name in June 2007.

Plantation Petroleum Company is an upstream oil and gas company engaged in the exploration, extraction, refining, transportation, and marketing of petroleum products. It serves a diverse clientele, including residential, commercial, industrial, and agricultural sectors. The company is particularly focused on acquiring and developing assets in the Permian Basin region of Texas and New Mexico, aiming to create value through strategic investments and operational efficiencies.