EnCap Investments

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

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 company based in Corpus Christi, Texas, specializing in the energy sector with a focus on the exploration, development, and production of oil and natural gas assets. The company operates as an upstream exploration and production firm, concentrating on responsibly developing energy assets in large-scale unconventional basins. Utilizing advanced dimensional seismic testing equipment, Sabalo enhances site productivity, thereby enabling its partners to generate substantial cash flow and maximize value through strategic acquisitions. The company prides itself on maintaining a strong reputation and fostering robust relationships with a core group of service companies, exploration and production firms, and financial partners.

Grenadier Energy Partners is a private exploration and production company based in The Woodlands, Texas. The company specializes in the extraction of crude petroleum and natural gas, utilizing advanced technology throughout the drilling, completion, and production phases of its wells. Grenadier Energy Partners employs a balanced strategy that encompasses both leasing and drilling opportunities with substantial resource potential, as well as targeted acquisitions that offer clear prospects for exploitation and development. This approach enables the company to profitably develop long-lived oil and natural gas assets while maximizing operational efficiency.

Modern Resources Inc. is an oil and gas exploration and production company based in Calgary, Canada. Established in 2012, the company specializes in the acquisition, development, and production of unconventional oil and gas assets, particularly within the Western Canadian Sedimentary Basin. Modern Resources focuses on acquiring proved reserves while also pursuing opportunities for resource upside. As of November 2020, it operates as a subsidiary of Tourmaline Oil Corp.

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 and mineral rights in major oil and gas basins across North America. Founded in 2014, the company focuses on high-return unconventional plays in regions such as Colorado, North Dakota, Oklahoma, and Texas, while actively evaluating additional acreage opportunities. Raisa Energy employs advanced technology and data analytics to conduct thorough due diligence, helping to ensure informed investment decisions and enhanced risk-adjusted returns for its partners. In addition to leasing and acquisition activities, the company provides expert analysis in geology, engineering, and economic assessments, further supporting its strategic operations in the oil and gas industry.

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 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.

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.

XCL Resources is an energy company based in Houston, Texas, focused on oil and gas exploration. The company specializes in the identification, acquisition, and development of horizontal resource plays and oil wells. Utilizing advanced techniques such as full cube and dual cube development, XCL Resources aims to optimize production for its clients and maximize returns. The company emphasizes a culture of humility, data-driven operational execution, transparency, purposeful innovation, motivation, and a balanced approach to work and life.

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 is an oil and gas exploration and production company focused on leasing and drilling opportunities in both conventional and unconventional resource plays throughout the United States. The company has developed a strong expertise in horizontal drilling and employs advanced technologies to enhance operational efficiency. Silverback Exploration aims to pursue organic development projects alongside strategic acquisitions, catering to the needs of both private and publicly traded companies. Recently, the company demonstrated its capability by successfully developing and selling assets in Reeves County, achieving a significant return on its investment.

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.

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 is an independent oil and gas company based in Centennial, Colorado, specializing in the acquisition and exploitation of long-lived natural gas assets in domestic onshore basins. Founded in 2004, the company has established a significant presence in regions such as the Uinta Basin and East Texas. Enduring Resources is focused on developing reserve bases and maintains a multi-year drilling inventory to optimize the extraction of oil and natural gas resources.

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 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.

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 LLC is an independent exploration and production company based in Denver, Colorado, specializing in the acquisition of non-operated working interests and mineral rights in major oil and gas basins across North America. Founded in 2014, the company focuses on high-return unconventional plays in regions such as Colorado, North Dakota, Oklahoma, and Texas, while actively evaluating additional acreage opportunities. Raisa Energy employs advanced technology and data analytics to conduct thorough due diligence, helping to ensure informed investment decisions and enhanced risk-adjusted returns for its partners. In addition to leasing and acquisition activities, the company provides expert analysis in geology, engineering, and economic assessments, further supporting its strategic operations in the oil and gas industry.

Felix Energy, LLC is an oil and gas exploration and production company based in Denver, Colorado. Incorporated in 2013, the company specializes in developing and operating oil and gas assets throughout the onshore United States. Felix Energy aims to create value from its projects by leveraging its expertise in the exploration and production sectors. As of early 2020, it 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.

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.

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.

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 is an oil and gas exploration and production company focused on leasing and drilling opportunities in both conventional and unconventional resource plays throughout the United States. The company has developed a strong expertise in horizontal drilling and employs advanced technologies to enhance operational efficiency. Silverback Exploration aims to pursue organic development projects alongside strategic acquisitions, catering to the needs of both private and publicly traded companies. Recently, the company demonstrated its capability by successfully developing and selling assets in Reeves County, achieving a significant 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 gas exploration and production company based in Dallas, Texas, with an additional office in Wichita Falls. Founded in 1976, the company focuses on 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 manages its own properties and those of other companies, engaging in activities such as drilling new wells and optimizing legacy assets. The company aims to enhance the production and efficiency of its projects, contributing to the energy sector through its diverse portfolio of exploration initiatives.

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.

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.

Petrohawk Energy is an energy company engaged in the exploration, development, and production of crude oil and natural gas across several states in the United States, including Texas, New Mexico, Oklahoma, Kansas, and Louisiana. The company specializes in the acquisition and development of shale assets, particularly in key regions such as the Haynesville Shale, the Lower Bossier Shale, the Eagle Ford Shale, and various shale formations within the Permian Basin. Through its focused operations, Petrohawk Energy aims to maximize the potential of these rich resources.

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.

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.

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.