EnCap Investments
 | |
| Company type | Limited partnership |
|---|---|
| Industry | Private Equity |
| Founded | 1988 |
| Headquarters | Houston, Texas, U.S. |
| Products | Investments, private equity funds |
| Total assets | $18 billion |
Number of employees | 50 |
| Website | www |
EnCap Investments is an American private equity firm, specializing in the energy industry, particularly oil & gas. The firm was established in 1988 and is based in Houston, Texas.[1]
History
[edit]In 2012, the company started a $4.3 billion fund to invest in oil and gas.[2] In 2013, EnCap was ranked at #16 Private Equity International's PEI 300 list, with some $11.8 billion under management.[3] By 2022, it was ranked #54 with $12.1 billion capital raised over the past five years.[4]
Since its founding, EnCap Investments has raised 18 private equity funds.[5]
In February 2019, Kimbell Royalty Partners acquired certain oil and gas royalty assets from EnCap Investments for $151.3 million in a 100% equity transaction.[6]
In February, 2021, Grayson Mill Energy, a company backed by EnCap Investments, acquired Equinor's oil and gas assets in the Bakken Formation in North Dakota for a reported $900 million. It was reported that Equinor held approximately 242,000 net acres in North Dakota at the time of the sale.[7]
Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power.[8]
References
[edit]- ^ Pa.-based Oil and Gas Company Formed By EnCap Investments and the Hulburts
- ^ "EnCap Investments Seeking $4.25 Billion for Energy Fund". Bloomberg.com. 2012-09-12. Retrieved 2021-05-11.
- ^ Top 300 PE funds from PEI Media
- ^ "PEI 300: The Largest Private Equity Firms in the World". privateequityinternational.com. Retrieved 2023-03-28.
- ^ "EnCap Investments L.P. | EnCap Flatrock Midstream". www.efmidstream.com. Retrieved 2021-05-11.
- ^ "Kimbell Royalty Partners to acquire shale interests in $151.3M all-equity deal". www.spglobal.com. Retrieved 2020-03-17.
- ^ "Equinor sells U.S. Bakken shale assets, posts record loss for 2020". Reuters. 2021-02-10. Retrieved 2021-05-11.
- ^ Mann, Joshua. "EnCap Investments completes $1.2B raise for energy-transition fund". www.bizjournals.com. Retrieved 2021-05-11.
External links
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