One of EnCap’s core strengths is the cohesiveness and experience of its management team. EnCap is led by seven principals: the four founding partners — David B. Miller, Gary R. Petersen, D. Martin Phillips and Robert L. Zorich — and three additional managing partners — Jason M. DeLorenzo, E. Murphy Markham IV and Douglas E. Swanson, Jr. The founders have led EnCap since inception and have a professional working relationship that spans more than 35 years, while the three other managing partners have an average of 26 years of industry-related experience, including an average of more than 15 years tenure at EnCap. In addition to the managing partners, the firm has other three partners with an average of more than 27 years of related oil and gas experience and an additional 23 oil and gas investment professionals on its investment staff, including six petroleum engineers. The depth, experience and continuity of EnCap’s investment staff are among the key characteristics that distinguish the firm in the oil and gas investment space. The EnCap team also includes two investor relations professionals and a 10-person fund administration staff, which includes seven certified public accountants. EnCap maintains offices in the heart of the energy industry in both Houston and Dallas.
The EnCap Flatrock Midstream team is led by Dennis F. Jaggi, William R. Lemmons, Jr. and William D. Waldrip, who also have worked together for more than 30 years in the midstream sector of the oil and gas industry. In addition to these three principals, the EnCap Flatrock team includes 13 highly qualified midstream investment and technical professionals, with the five most senior professionals averaging 29 years of related experience. The EnCap Flatrock team has offices in San Antonio, Texas, and Edmond, Oklahoma.