EnCap Investments

Grenadier Energy Partners is an exploration and production company in the energy sector. During the phases of drilling, completion, and production for its wells, new technology is used to profitably develop long-lived oil and natural gas assets.

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.

US Grid Company is dedicated to owning and operating natural gas power plants that play a vital role in ensuring a reliable power supply. The company focuses on acquiring and managing facilities in major cities, particularly in the Northeast and Midwest regions of the United States. With an emphasis on enhancing reliability and resilience, US Grid Company collaborates with local utilities and governments to improve energy stability. Additionally, the company aims to reduce carbon emissions by incorporating storage solutions and renewable energy capabilities into its operations, thereby contributing to the decarbonization of the energy grid.

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 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 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.

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 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.

XCL Resources is an energy company. They integrate culture, data, and assets to maximize returns for stakeholders. They provide humility, data-driven operational execution, transparency, purposeful innovation, motivation, and life balance.

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 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 is an oil and gas exploration and production company. The company focuses on acquiring and developing properties prioritizing responsible operations and value creation for stakeholders.

Enduring Resources specializes in the acquisition and exploitation of long-lived natural gas assets in domestic onshore basins.

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.

Novo creates value uses drilling, exploration, and completion methods to provide value. Their business is dedicated to the purchase and development of assets. As a management team, their collection of subsurface, business, and accountants collaborated to add value to the liquids-rich STACK play.

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.

Felix Energy LLC is a private exploration and production company focused on creating value from onshore U.S. projects.

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.

Grayson Mill Energy is an exploration and production company that acquires and manages oil and gas assets. Grayson Mill Energy generates value through disciplined acquisitions and the application of innovative exploration, drilling, and completion techniques. Grayson Mill Energy has a returns-focused strategy to acquire the best rock and drill industry-leading wells with high rates of return.

PayRock Energy, LLC is an Oklahoma City-based company funded by EnCap Investments, L.P. focused on the acquisition and development of resources in the STACK play of Oklahoma. Payrock Energy's Management Team has an extensive track record of value creation together with experiences from Oklahoma City’s most prominent large 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 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.

Verdun Oil Company is an oil and gas company that focuses on acquiring and developing oil and gas assets in Texas's Gulf Coast Basin and its Eagle Ford and Austin Chalk formations. Verdun Oil Company brings together a group of motivated employees focused on identifying, acquiring, and optimizing the recovery of oil and gas reserves at an industry-best cost basis while maximizing the benefits to employees, landowners, and the communities where they operate.

Advance Energy Partners is an exploration and production company that focuses on low-risk leasing and drilling opportunities. Advance Energy Partners consists of an experienced team of Oil and Gas managers with extensive knowledge of the global oil and gas industry. Advance Energy Partners specializes in reservoir development, oil field operations, asset management, and exploration.

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.

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 operates as an oil and gas exploration company. They operate and manage their properties and the assets of other companies, including drilling new wells and managing and optimizing legacy assets. They focus on acquiring, optimizing, and producing legacy projects in various counties.

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

PennEnergy Resources is an energy company. It creates value for our investors, stakeholders, and landowners through the safe and environmentally responsible development of unconventional resources. It offers shale resources, enabling clients to create value through the safe and environmentally responsible development of unconventional resources.

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.

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.

Chord Energy is an oil and gas company engaged in the development, production, and acquisition of crude oil, NGLs, and natural gas.

Laramie Energy is an oil and gas producer. They provide natural gas exploration and development services. They also find and develop oil and gas from tight sands, coal seams, and shales.

Plantation Petroleum Company is an upstream oil and gas company that distributes petroleum and gas products to residential, commercial, industrial, and agricultural industries. The Plantation Petroleum Company includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products.