EnCap Investments

Last updated
EnCap Investments
Type Limited partnership
Industry Private Equity
Founded1988;35 years ago (1988)
Headquarters Houston, Texas, U.S.
Products Investments, private equity funds
Total assets $18 billion
Number of employees
50
Website www.encapinvestments.com

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]

Contents

History

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]

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References

  1. Pa.-based Oil and Gas Company Formed By EnCap Investments and the Hulburts
  2. "EnCap Investments Seeking $4.25 Billion for Energy Fund". Bloomberg.com. 2012-09-12. Retrieved 2021-05-11.
  3. Top 300 PE funds from PEI Media
  4. "PEI 300: The Largest Private Equity Firms in the World". privateequityinternational.com. Retrieved 2023-03-28.
  5. "EnCap Investments L.P. | EnCap Flatrock Midstream". www.efmidstream.com. Retrieved 2021-05-11.
  6. "Kimbell Royalty Partners to acquire shale interests in $151.3M all-equity deal". www.spglobal.com. Retrieved 2020-03-17.
  7. "Equinor sells U.S. Bakken shale assets, posts record loss for 2020". Reuters. 2021-02-10. Retrieved 2021-05-11.
  8. Mann, Joshua. "EnCap Investments completes $1.2B raise for energy-transition fund". www.bizjournals.com. Retrieved 2021-05-11.