Current Upstream Investments

 
 

Current Upstream Investments

Description Initial

Advance Energy Partners

Initial Investment: 2014

Advance Energy Partners is a Houston-based exploration and production company focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies.

www.advanceenergypartners.com

Advance Energy Partners

Advance Energy Partners

Initial Investment: 2014

Advance Energy Partners is a Houston-based exploration and production company focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies.

www.advanceenergypartners.com

A Houston-based exploration and production company focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies.

2014

American Resource Development LLC

Initial Investment: 2015

American Resources Development is an Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

ameredev.com

American Resource Development LLC

American Resource Development LLC

Initial Investment: 2015

American Resources Development is an Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

ameredev.com

An Austin-based exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

2015

Bold Energy III

Initial Investment: 2013

Bold Energy III is a Midland, Texas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Permian Basin. Management seeks to leverage their significant relationships and their extensive operational experience in the region in order to create value. EnCap initially partnered with the Bold management team through Bold Energy and Bold Energy II.

www.boldenergy.com

Bold Energy III

Bold Energy III

Initial Investment: 2013

Bold Energy III is a Midland, Texas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Permian Basin. Management seeks to leverage their significant relationships and their extensive operational experience in the region in order to create value. EnCap initially partnered with the Bold management team through Bold Energy and Bold Energy II.

www.boldenergy.com

A Midland, Texas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Permian Basin.

2013

Brigadier Oil & Gas

Initial Investment: 2012

Brigadier Oil & Gas is a Dallas-based, privately held upstream company focused on the acquisition and exploitation of assets targeting the Marble Falls formation in the Fort Worth Basin. Brigadier is managed by five principals with complementary skill sets and backgrounds spanning all of the major upstream oil and gas disciplines. Each principal has significant experience and contacts in the industry from past roles at Samson, Matador Petroleum, Petrohawk, Pioneer, Newfield and ChevronTexaco.

www.brigadieroil.com

Brigadier Oil & Gas

Brigadier Oil & Gas

Initial Investment: 2012

Brigadier Oil & Gas is a Dallas-based, privately held upstream company focused on the acquisition and exploitation of assets targeting the Marble Falls formation in the Fort Worth Basin. Brigadier is managed by five principals with complementary skill sets and backgrounds spanning all of the major upstream oil and gas disciplines. Each principal has significant experience and contacts in the industry from past roles at Samson, Matador Petroleum, Petrohawk, Pioneer, Newfield and ChevronTexaco.

www.brigadieroil.com

A Dallas-based, privately held upstream company focused on the acquisition and exploitation of assets targeting the Marble Falls formation in the Fort Worth Basin.

2012

Broad Oak Energy II

Initial Investment: 2012

Broad Oak Energy II is a Dallas-based, independent oil and gas company focused on the pursuit of low-risk leasing and drilling opportunities in domestic resource plays. Broad Oak Energy II is actively pursuing newer, emerging plays as well as extensions and/or exploitation of existing resources plays including the prolific Permian Basin and Eagle Ford.  The company is managed by the same team that built and merged Broad Oak I with Laredo Petroleum (NYSE:LPI) for just over $1 billion in 2011.

www.broadoakenergy.com

Broad Oak Energy II

Broad Oak Energy II

Initial Investment: 2012

Broad Oak Energy II is a Dallas-based, independent oil and gas company focused on the pursuit of low-risk leasing and drilling opportunities in domestic resource plays. Broad Oak Energy II is actively pursuing newer, emerging plays as well as extensions and/or exploitation of existing resources plays including the prolific Permian Basin and Eagle Ford.  The company is managed by the same team that built and merged Broad Oak I with Laredo Petroleum (NYSE:LPI) for just over $1 billion in 2011.

www.broadoakenergy.com

A Dallas-based, independent oil and gas company focused on the pursuit of low-risk leasing and drilling opportunities in domestic resource plays.

2012

Carrera Energy LLC

Initial Investment: 2010

Carrera (formerly known as Limestone Exploration II) is a privately held, Midland, Texas-based oil and gas company focused on acquiring and developing acreage in the Anadarko Basin of Oklahoma and the Permian Basin. Carrera is managed by a multidisciplinary team that has worked together in the past and has extensive industry experience. EnCap initially partnered with the team in Limestone Exploration, which was sold to an undisclosed buyer in 2010.

www.carreraenergy.com

Carrera Energy LLC

Carrera Energy LLC

Initial Investment: 2010

Carrera (formerly known as Limestone Exploration II) is a privately held, Midland, Texas-based oil and gas company focused on acquiring and developing acreage in the Anadarko Basin of Oklahoma and the Permian Basin. Carrera is managed by a multidisciplinary team that has worked together in the past and has extensive industry experience. EnCap initially partnered with the team in Limestone Exploration, which was sold to an undisclosed buyer in 2010.

www.carreraenergy.com

A privately held, Midland, Texas-based oil and gas company focused on acquiring and developing acreage in the Anadarko Basin of Oklahoma and the Permian Basin.

2010

Cinco Oil & Gas, LLC

Initial Investment: 2014

Cinco Oil & Gas, LLC is a Dallas-based independent oil and gas company on the pursuit of lease-and-drill opportunities and proved reserve acquisitions with an initial focus on the Eagle Ford and Powder River Basin.

www.cincoog.com

Cinco Oil & Gas, LLC

Cinco Oil & Gas, LLC

Initial Investment: 2014

Cinco Oil & Gas, LLC is a Dallas-based independent oil and gas company on the pursuit of lease-and-drill opportunities and proved reserve acquisitions with an initial focus on the Eagle Ford and Powder River Basin.

www.cincoog.com

A Dallas-based independent oil and gas company on the pursuit of lease-and-drill opportunities and proved reserve acquisitions with an initial focus on the Eagle Ford and Powder River Basin.

2014

Cornerstone Natural Resources

Initial Investment: 2005

Cornerstone Natural Resources is a Denver-based independent oil and gas company focused on building a long-life reserve asset base in the Williston Basin and Bakken Shale play. Cornerstone is managed by the former executive management team of Patina Oil & Gas who created nearly $3 billion of shareholder value with only $150 million in invested and contributed equity.

www.cornerstonenaturalresources.com

Cornerstone Natural Resources

Cornerstone Natural Resources

Initial Investment: 2005

Cornerstone Natural Resources is a Denver-based independent oil and gas company focused on building a long-life reserve asset base in the Williston Basin and Bakken Shale play. Cornerstone is managed by the former executive management team of Patina Oil & Gas who created nearly $3 billion of shareholder value with only $150 million in invested and contributed equity.

www.cornerstonenaturalresources.com

A Denver-based independent oil and gas company focused on building a long-life reserve asset base in the Williston Basin and Bakken Shale play.
2005

Council Oak Resources

Initial Investment: 2015

Council Oak Resources is a privately held, Tulsa-based oil and gas company focused on building a portfolio of resource play assets through an early-stage and/or extensional lease-and-drill strategy throughout the Anadarko Basin.

www.counciloak.net

Council Oak Resources

Council Oak Resources

Initial Investment: 2015

Council Oak Resources is a privately held, Tulsa-based oil and gas company focused on building a portfolio of resource play assets through an early-stage and/or extensional lease-and-drill strategy throughout the Anadarko Basin.

www.counciloak.net

A privately held, Tulsa-based oil and gas company focused on building a portfolio of resource play assets through an early-stage and/or extensional lease-and-drill strategy throughout the Anadarko Basin.

2015

Dorado E&P

Initial Investment: 2011

Dorado E&P is focused on the delineation and development of a portfolio of assets throughout the Mid-Continent region.

doradoep.com

Dorado E&P

Dorado E&P

Initial Investment: 2011

Dorado E&P is focused on the delineation and development of a portfolio of assets throughout the Mid-Continent region.

doradoep.com

Dorado E&P is focused on the delineation and development of a portfolio of assets throughout the Mid-Continent region.

2011

Earthstone Energy

Initial Investment: 2012

Earthstone Energy is a publicly traded (NYSEMKT:ESTE) oil and gas company based in the Woodlands, Texas. The company was formed in 2012 by Frank Lodzinski and his technical team, which over the past 20 years has an established track record of value creation at various public and private companies. Mr. Lodzinski previously managed and founded GeoResources (NASDAQ:GEOI), Cliffwood Oil & Gas and AROC, Inc.

www.earthstoneenergy.com

Earthstone Energy

Earthstone Energy

Initial Investment: 2012

Earthstone Energy is a publicly traded (NYSEMKT:ESTE) oil and gas company based in the Woodlands, Texas. The company was formed in 2012 by Frank Lodzinski and his technical team, which over the past 20 years has an established track record of value creation at various public and private companies. Mr. Lodzinski previously managed and founded GeoResources (NASDAQ:GEOI), Cliffwood Oil & Gas and AROC, Inc.

www.earthstoneenergy.com

A publicly traded (NYSEMKT:ESTE) oil and gas company based in the Woodlands, Texas, formed in 2012 by Frank Lodzinski.

2012

Eclipse Resources

Initial Investment: 2011

Eclipse Resources is a Pennsylvania-based oil and gas company focused on the acquisition, development and exploration of unconventional oil and natural gas properties in the northeastern United States. The company is led by the former co-founder and chief executive officer of Rex Energy (Nasdaq: REXX) who has a demonstrable track record of creating value in the Appalachian Basin.

www.eclipseresources.com

Eclipse Resources

Eclipse Resources

Initial Investment: 2011

Eclipse Resources is a Pennsylvania-based oil and gas company focused on the acquisition, development and exploration of unconventional oil and natural gas properties in the northeastern United States. The company is led by the former co-founder and chief executive officer of Rex Energy (Nasdaq: REXX) who has a demonstrable track record of creating value in the Appalachian Basin.

www.eclipseresources.com

A Pennsylvania-based oil and gas company focused on the acquisition, development and exploration of unconventional oil and natural gas properties in the northeastern United States.

2011

ER Energy Group

Initial Investment: 2007

ER Energy Group is a privately held, Houston-based independent oil and gas acquisition and development company focused on the acquisition and exploitation of properties located primarily in South Texas. The management team has an excellent track record of acquiring both producing and non-producing properties, maximizing value through additional development and selling properties for a substantial profit. The team initially partnered with EnCap in 2004 and subsequently sold considerably all of Escondido Resources I's assets to Swift Energy Company (NYSE: SFY) in October 2007.

www.escondido-resources.com

ER Energy Group

ER Energy Group

Initial Investment: 2007

ER Energy Group is a privately held, Houston-based independent oil and gas acquisition and development company focused on the acquisition and exploitation of properties located primarily in South Texas. The management team has an excellent track record of acquiring both producing and non-producing properties, maximizing value through additional development and selling properties for a substantial profit. The team initially partnered with EnCap in 2004 and subsequently sold considerably all of Escondido Resources I's assets to Swift Energy Company (NYSE: SFY) in October 2007.

www.escondido-resources.com

A privately held, Houston-based independent oil and gas acquisition and development company focused on the acquisition and exploitation of properties located primarily in South Texas.

2007

Excalibur Resources

Initial Investment: 2013

A Dallas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Anadarko Basin. The company is managed by a multidisciplinary group of seasoned E&P executives, who have worked with both public and private companies.

www.excaliburres.com

Excalibur Resources

Excalibur Resources

Initial Investment: 2013

A Dallas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Anadarko Basin. The company is managed by a multidisciplinary group of seasoned E&P executives, who have worked with both public and private companies.

www.excaliburres.com

A Dallas-based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Anadarko Basin.

2013

Felix Energy II

Initial Investment: 2016

Felix Energy II is a Denver-based exploration and production company focused on the pursuit of a diverse portfolio of opportunities in central domestic basins. Felix Energy II  was formed in September 2015.

www.felix-energy.com

Felix Energy II

Felix Energy II

Initial Investment: 2016

Felix Energy II is a Denver-based exploration and production company focused on the pursuit of a diverse portfolio of opportunities in central domestic basins. Felix Energy II  was formed in September 2015.

www.felix-energy.com

A Denver-based exploration and production company focused on the pursuit of a diverse portfolio of opportunities in central domestic basins.

2016

FireWheel Energy

Initial Investment: 2011

FireWheel Energy, LLC is an independent oil and gas development company headquartered in Midland, Texas. The company is pursuing both greenfield development and acquire-and-exploit opportunities and is focused on the Permian Basin and East Texas. Management has diverse operational, engineering, geological and business experience as well as a history of value creation in both of the company’s core focus areas. Previously, the majority of FireWheel’s senior management team held executive level positions with XTO Energy Exxon.

firewheelenergy.com

FireWheel Energy

FireWheel Energy

Initial Investment: 2011

FireWheel Energy, LLC is an independent oil and gas development company headquartered in Midland, Texas. The company is pursuing both greenfield development and acquire-and-exploit opportunities and is focused on the Permian Basin and East Texas. Management has diverse operational, engineering, geological and business experience as well as a history of value creation in both of the company’s core focus areas. Previously, the majority of FireWheel’s senior management team held executive level positions with XTO Energy Exxon.

firewheelenergy.com

An independent oil and gas development company headquartered in Midland, Texas, pursuing both greenfield development and acquire-and-exploit opportunities.

2011

Forge Energy

Initial Investment: 2011

Forge Energy, LLC is a San Antonio-based exploration and production company formed in July 2011. The core management team consists of three former senior-level management members at Burlington Resources with a broad base of experience in engineering, operations and business development. Forge is focused on pursuing an acquire-and-exploit strategy primarily targeting the central United States, ranging from the onshore Gulf Coast to the Canadian border.

forgenergy.com

Forge Energy

Forge Energy

Initial Investment: 2011

Forge Energy, LLC is a San Antonio-based exploration and production company formed in July 2011. The core management team consists of three former senior-level management members at Burlington Resources with a broad base of experience in engineering, operations and business development. Forge is focused on pursuing an acquire-and-exploit strategy primarily targeting the central United States, ranging from the onshore Gulf Coast to the Canadian border.

forgenergy.com

A San Antonio-based exploration and production company primarily targeting the central United States, ranging from the onshore Gulf Coast to the Canadian border.

2011

Fortis Minerals

Initial Investment: 2016

A Houston-based mineral acquisition company focused on purchasing mineral interests and overriding royalties in the premier oil and gas plays in the United States.

www.fortisminerals.com

Fortis Minerals

Fortis Minerals

Initial Investment: 2016

A Houston-based mineral acquisition company focused on purchasing mineral interests and overriding royalties in the premier oil and gas plays in the United States.

www.fortisminerals.com

A Houston-based mineral acquisition company focused on purchasing mineral interests and overriding royalties in the premier oil and gas plays in the United States.

2016

Fuse Energy

Initial Investment: 2014

Fuse Energy is a Denver-based private oil and gas exploration and production company focused on acquiring and exploiting assets in rich hydrocarbon basins in the United States.

www.fuseenergy.com

Fuse Energy

Fuse Energy

Initial Investment: 2014

Fuse Energy is a Denver-based private oil and gas exploration and production company focused on acquiring and exploiting assets in rich hydrocarbon basins in the United States.

www.fuseenergy.com

A Denver-based private oil and gas exploration and production company focused on acquiring and exploiting assets in rich hydrocarbon basins in the United States.

2014

Grenadier Energy Partners II

Initial Investment: 2012

Grenadier Energy Partners II is managed by the former Stroud Energy and Grenadier Energy Partners management team. Stroud Energy, a successful Fund IV investment, was sold to Range Resources in 2006 and Grenadier Energy Partners, a successful Fund VII investment, was sold in 2012.  Grenadier’s management team is pursuing a strategy similar to that which successfully created value in the past.

grenadierenergy.com

Grenadier Energy Partners II

Grenadier Energy Partners II

Initial Investment: 2012

Grenadier Energy Partners II is managed by the former Stroud Energy and Grenadier Energy Partners management team. Stroud Energy, a successful Fund IV investment, was sold to Range Resources in 2006 and Grenadier Energy Partners, a successful Fund VII investment, was sold in 2012.  Grenadier’s management team is pursuing a strategy similar to that which successfully created value in the past.

grenadierenergy.com

Managed by the former Stroud Energy and Grenadier Energy Partners management team pursuing a strategy similar to that which successfully created value in the past.

2012

Laramie Energy II

Initial Investment: 2007

Laramie Energy II is a Denver-based, independent oil and gas company formed by former executives of Forest Oil Corporation (NYSE: FST) and Mesa-Hydrocarbons, Inc. Laramie is focused on acquiring and exploiting unconventional natural gas plays in the Rocky Mountains, primarily in the Piceance Basin of Colorado. EnCap initially partnered with the management team through Laramie Energy, which was sold to Plains Exploration & Production Company (NYSE: PXP) in May 2007.
 

www.laramie-energy.com

Laramie Energy II

Laramie Energy II

Initial Investment: 2007

Laramie Energy II is a Denver-based, independent oil and gas company formed by former executives of Forest Oil Corporation (NYSE: FST) and Mesa-Hydrocarbons, Inc. Laramie is focused on acquiring and exploiting unconventional natural gas plays in the Rocky Mountains, primarily in the Piceance Basin of Colorado. EnCap initially partnered with the management team through Laramie Energy, which was sold to Plains Exploration & Production Company (NYSE: PXP) in May 2007.
 

www.laramie-energy.com

A Denver-based, independent oil and gas company focused on acquiring and exploiting unconventional natural gas plays in the Rocky Mountains.

2007

Lone Star Land & Energy II

Initial Investment: 2010

Lone Star II is a Dallas-based independent oil and gas company focused on the acquisition of producing properties with behind-pipe and drill-bit-oriented upside in several onshore domestic basins as well as acreage and drilling opportunities in low-risk resource play areas such as the Niobrara Shale. The principals are seasoned E&P executives with an aggregate 100 years of experience in A&D, land, technical evaluation, drilling operations and production operations in the targeted basins. EnCap initially partnered with the management team through Lone Star Land & Energy, which was sold in 2010.

Lone Star Land & Energy II

Lone Star Land & Energy II

Initial Investment: 2010

Lone Star II is a Dallas-based independent oil and gas company focused on the acquisition of producing properties with behind-pipe and drill-bit-oriented upside in several onshore domestic basins as well as acreage and drilling opportunities in low-risk resource play areas such as the Niobrara Shale. The principals are seasoned E&P executives with an aggregate 100 years of experience in A&D, land, technical evaluation, drilling operations and production operations in the targeted basins. EnCap initially partnered with the management team through Lone Star Land & Energy, which was sold in 2010.

A Dallas-based independent oil and gas company focused on the acquisition of producing properties in several onshore domestic basins and opportunities in low-risk resource play areas.

2010

Marlin Resources

Initial Investment: 2012

Marlin Resources is a Lafayette, Louisiana-based oil and gas company with an acquire-and-exploit strategy focused on liquids rich plays in the southern United States. The principals of Marlin consist primarily of ex-Ocean Energy/Flores & Rucks industry professionals who have worked together for approximately 10 years and have a long history of value creation.

Marlin Resources

Marlin Resources

Initial Investment: 2012

Marlin Resources is a Lafayette, Louisiana-based oil and gas company with an acquire-and-exploit strategy focused on liquids rich plays in the southern United States. The principals of Marlin consist primarily of ex-Ocean Energy/Flores & Rucks industry professionals who have worked together for approximately 10 years and have a long history of value creation.

A Lafayette, Louisiana-based oil and gas company with an acquire-and-exploit strategy focused on liquids rich plays in the southern United States.

2012

Modern Resources Inc.

Initial Investment: 2013

Modern Resources Inc. is a Calgary, Alberta-based oil and gas company focused on the pursuit of proved reserve acquisitions with resource upside in the Western Canadian Sedimentary Basin. Modern currently is focused on resource validation and development of the Spirit River and Cardium plays of the Deep Basin.

www.modernresources.ca

Modern Resources Inc.

Modern Resources Inc.

Initial Investment: 2013

Modern Resources Inc. is a Calgary, Alberta-based oil and gas company focused on the pursuit of proved reserve acquisitions with resource upside in the Western Canadian Sedimentary Basin. Modern currently is focused on resource validation and development of the Spirit River and Cardium plays of the Deep Basin.

www.modernresources.ca

A Calgary, Alberta-based oil and gas company on the pursuit of proved reserve acquisitions with resource upside in the Western Canadian Sedimentary Basin.

2013

Novo Oil & Gas

Initial Investment: 2016

Novo Oil & Gas, LLC is an Oklahoma City-based exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins. Novo is led by three former PayRock Energy managers that played an integral role in the company's assembly, development and ultimate sale of its core STACK position to Marathon Oil Corporation. Novo was formed in August 2016.

novoog.com

Novo Oil & Gas

Novo Oil & Gas

Initial Investment: 2016

Novo Oil & Gas, LLC is an Oklahoma City-based exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins. Novo is led by three former PayRock Energy managers that played an integral role in the company's assembly, development and ultimate sale of its core STACK position to Marathon Oil Corporation. Novo was formed in August 2016.

novoog.com

An Oklahoma City-based exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins.

2016

OGX Holding III

Initial Investment: 2015

OGX III is a Midland, Texas-based oil and gas company focused on both a minerals and acquire-and-exploit strategy in the Permian Basin of West Texas and Southeast New Mexico. While partnered with EnCap, the OGX team has had numerous successful realizations in the Central Basin Platform, Midland Basin and Delaware Basin.

OGX Holding III

OGX Holding III

Initial Investment: 2015

OGX III is a Midland, Texas-based oil and gas company focused on both a minerals and acquire-and-exploit strategy in the Permian Basin of West Texas and Southeast New Mexico. While partnered with EnCap, the OGX team has had numerous successful realizations in the Central Basin Platform, Midland Basin and Delaware Basin.

A Midland, Texas-based oil and gas company focused on both a minerals and acquire-and-exploit strategy in the Permian Basin of West Texas and Southeast New Mexico.

2015

Paloma Partners IV

Initial Investment: 2014

Paloma IV is a privately held, Houston-based oil and gas company focused on the acquisition and development of acreage in the United States. Management’s impressive track record of value creation includes three previous successful EnCap sponsored entities, San Juan Partners, Paloma Barnett and Paloma II.

www.palomaresources.com

Paloma Partners IV

Paloma Partners IV

Initial Investment: 2014

Paloma IV is a privately held, Houston-based oil and gas company focused on the acquisition and development of acreage in the United States. Management’s impressive track record of value creation includes three previous successful EnCap sponsored entities, San Juan Partners, Paloma Barnett and Paloma II.

www.palomaresources.com

A privately held, Houston-based oil and gas company focused on the acquisition and development of acreage in the United States.

2014

PayRock Energy II

Initial Investment: 2016

PayRock Energy II is an Oklahoma City-based exploration and production company focused on the acquisition and exploitation of assets within the Anadarko basin. PayRock II was formed in August 2016 after the successful sale of PayRock Energy I’s core STACK position to Marathon Oil Corporation.

www.payrockenergy.com

PayRock Energy II

PayRock Energy II

Initial Investment: 2016

PayRock Energy II is an Oklahoma City-based exploration and production company focused on the acquisition and exploitation of assets within the Anadarko basin. PayRock II was formed in August 2016 after the successful sale of PayRock Energy I’s core STACK position to Marathon Oil Corporation.

www.payrockenergy.com

An Oklahoma City-based exploration and production company focused on the acquisition and exploitation of assets within the Anadarko basin.

2016

PennEnergy Resources

Initial Investment: 2011

PennEnergy Resources LLC, headquartered in Pittsburgh, is an independent oil and gas exploration and production company focused on the Marcellus Shale. Formerly serving as the executive management team of Atlas Energy, Inc., the company’s leadership has extensive experience in all facets of the oil and gas industry and has pioneered the development and expansion of the Marcellus Shale.

pennenergyresources.com

PennEnergy Resources

PennEnergy Resources

Initial Investment: 2011

PennEnergy Resources LLC, headquartered in Pittsburgh, is an independent oil and gas exploration and production company focused on the Marcellus Shale. Formerly serving as the executive management team of Atlas Energy, Inc., the company’s leadership has extensive experience in all facets of the oil and gas industry and has pioneered the development and expansion of the Marcellus Shale.

pennenergyresources.com

Headquartered in Pittsburgh, is an independent oil and gas exploration and production company focused on the Marcellus Shale.

2011

PetroLegacy Energy

Initial Investment: 2011

Austin-based PetroLegacy Energy is a privately held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas. PetroLegacy's founding partners were formerly senior management at Pioneer Natural Resources and San Isidro Development and the team has a combined 130+ years of experience with companies such as Pioneer, San Isidro, Dan A. Hughes, Texas Oil & Gas, XTO Energy and ExxonMobil.

PetroLegacy Energy

PetroLegacy Energy

Initial Investment: 2011

Austin-based PetroLegacy Energy is a privately held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas. PetroLegacy's founding partners were formerly senior management at Pioneer Natural Resources and San Isidro Development and the team has a combined 130+ years of experience with companies such as Pioneer, San Isidro, Dan A. Hughes, Texas Oil & Gas, XTO Energy and ExxonMobil.

An Austin-based, privately held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas.

2011

PetroLegacy Energy II

Initial Investment: 2016

An Austin-based independent oil and gas company pursuing acquisition opportunities with an initial focus on the South Texas Eagle Ford.

PetroLegacy Energy II

PetroLegacy Energy II

Initial Investment: 2016

An Austin-based independent oil and gas company pursuing acquisition opportunities with an initial focus on the South Texas Eagle Ford.

An Austin-based independent oil and gas company pursuing acquisition opportunities with an initial focus on the South Texas Eagle Ford.

2016

Piedra Resources III

Initial Investment: 2014

Piedra is a privately held, Midland, Texas-based oil and gas company focused in the Permian Basin. Consistent with management's expertise and historical track record, Piedra will pursue the exploration and development of lower-risk resource plays with scalability and upside. The team has a track record of value creation including two successful EnCap-sponsored entities.

Piedra Resources III

Piedra Resources III

Initial Investment: 2014

Piedra is a privately held, Midland, Texas-based oil and gas company focused in the Permian Basin. Consistent with management's expertise and historical track record, Piedra will pursue the exploration and development of lower-risk resource plays with scalability and upside. The team has a track record of value creation including two successful EnCap-sponsored entities.

A privately held, Midland, Texas-based oil and gas company focused in the Permian Basin pursuing the exploration and development of lower-risk resource plays with scalability and upside.

2014

Plains All American Pipeline, L.P

Initial Investment: 2016

Plains All American Pipeline, L.P. is a publicly traded master limited partnership headquartered in Houston that owns and operates midstream energy infrastructure in the United States and Canada and provides logistics services for crude oil, natural gas liquids, natural gas and refined products.

Plains All American Pipeline, L.P

Plains All American Pipeline, L.P

Initial Investment: 2016

Plains All American Pipeline, L.P. is a publicly traded master limited partnership headquartered in Houston that owns and operates midstream energy infrastructure in the United States and Canada and provides logistics services for crude oil, natural gas liquids, natural gas and refined products.

A publicly traded master limited partnership headquartered in Houston that owns and operates midstream energy infrastructure in the United States and Canada.

2016

Plantation Petroleum Holdings V

Initial Investment: 2007

Headquartered in The Woodlands, Texas, Plantation V is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico. The Plantation management team has a history of creating value with EnCap in the Permian Basin using an acquire-and-exploit strategy.

www.plantationpetro.com

Plantation Petroleum Holdings V

Plantation Petroleum Holdings V

Initial Investment: 2007

Headquartered in The Woodlands, Texas, Plantation V is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico. The Plantation management team has a history of creating value with EnCap in the Permian Basin using an acquire-and-exploit strategy.

www.plantationpetro.com

Headquartered in The Woodlands, Texas, Plantation is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico.

2007

Protégé Energy III

Initial Investment: 2013

Protégé Energy III is a Tulsa-based oil and gas company focused on acquiring and developing assets in the domestic onshore basins of the United States. Protégé I was founded in 2004, Protégé II was founded in 2008 and Protégé III was founded in 2013 through partnerships with EnCap Investments. 

www.protege-energy.com

Protégé Energy III

Protégé Energy III

Initial Investment: 2013

Protégé Energy III is a Tulsa-based oil and gas company focused on acquiring and developing assets in the domestic onshore basins of the United States. Protégé I was founded in 2004, Protégé II was founded in 2008 and Protégé III was founded in 2013 through partnerships with EnCap Investments. 

www.protege-energy.com

A Tulsa-based oil and gas company focused on acquiring and developing assets in the domestic onshore basins of the United States.

2013

QStar

Initial Investment: 2013

QStar is a privately held, Houston-based independent oil and gas company focused on the identification, acquisition and exploration of liquids-rich plays in various onshore U.S. basins with a particular emphasis on the Permian Basin.  QStar is led by Gerald Carman (CEO), David Newman (COO), Charles Close (CFO), Mark Przywara (VP Geosciences) and John Lodge (VP Land & Commercial). Management has an impressive track record of creating value both individually and collectively, most recently with TriTech Energy Capital. QStar’s strategy involves employing a data-driven approach. The company will rely extensively on subsurface data and historical production and well data to identify areas that have yet to be exploited with modern completion techniques. QStar plans to be opportunistic in its approach and will either employ a lease-and-drill or acquire-and-exploit strategy, depending on the opportunity set and the associated economics. 

qstarllc.com

QStar

QStar

Initial Investment: 2013

QStar is a privately held, Houston-based independent oil and gas company focused on the identification, acquisition and exploration of liquids-rich plays in various onshore U.S. basins with a particular emphasis on the Permian Basin.  QStar is led by Gerald Carman (CEO), David Newman (COO), Charles Close (CFO), Mark Przywara (VP Geosciences) and John Lodge (VP Land & Commercial). Management has an impressive track record of creating value both individually and collectively, most recently with TriTech Energy Capital. QStar’s strategy involves employing a data-driven approach. The company will rely extensively on subsurface data and historical production and well data to identify areas that have yet to be exploited with modern completion techniques. QStar plans to be opportunistic in its approach and will either employ a lease-and-drill or acquire-and-exploit strategy, depending on the opportunity set and the associated economics. 

qstarllc.com

A Houston-based independent oil and gas company focused on the identification, acquisition and exploration of liquids-rich plays in various onshore U.S. basins.

2013

Raisa Energy, LLC

Initial Investment: 2016

A Denver-based independent oil and gas company focused on non-operated working interest and minerals development opportunities in various onshore U.S. basins.

www.raisaenergy.com

Raisa Energy, LLC

Raisa Energy, LLC

Initial Investment: 2016

A Denver-based independent oil and gas company focused on non-operated working interest and minerals development opportunities in various onshore U.S. basins.

www.raisaenergy.com

A Denver-based independent oil and gas company focused on non-operated working interest and minerals development opportunities in various onshore U.S. basins.

2016

Sabalo Energy

Initial Investment: 2014

Sabalo Energy is a privately held Corpus Christi, Texas-based independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore U.S. basins.

www.sabaloenergy.com

Sabalo Energy

Sabalo Energy

Initial Investment: 2014

Sabalo Energy is a privately held Corpus Christi, Texas-based independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore U.S. basins.

www.sabaloenergy.com

A privately held Corpus Christi, Texas-based independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore U.S. basins.

2014

Scala Energy

Initial Investment: 2015

Scala Energy is a privately held, Houston-based oil and gas company with an acquire-and-exploit strategy.

Scala Energy

Scala Energy

Initial Investment: 2015

Scala Energy is a privately held, Houston-based oil and gas company with an acquire-and-exploit strategy.

A privately held, Houston-based oil and gas company with an acquire-and-exploit strategy.

2015

Sierra Oil & Gas

Initial Investment: 2014

Sierra Oil & Gas is a Mexico City and Houston-based independent oil and gas company focused on exploration, development and production opportunities in Mexico.

SierraOil.mx

Sierra Oil & Gas

Sierra Oil & Gas

Initial Investment: 2014

Sierra Oil & Gas is a Mexico City and Houston-based independent oil and gas company focused on exploration, development and production opportunities in Mexico.

SierraOil.mx

A Mexico City and Houston-based independent oil and gas company focused on exploration, development and production opportunities in Mexico.

2014

Silverback Exploration

Initial Investment: 2013

Silverback Exploration, LLC is a San Antonio-based independent oil and gas exploration company focused on pursuing and developing primarily unconventional resource play opportunities in the United States.

www.silverbackexp.com

Silverback Exploration

Silverback Exploration

Initial Investment: 2013

Silverback Exploration, LLC is a San Antonio-based independent oil and gas exploration company focused on pursuing and developing primarily unconventional resource play opportunities in the United States.

www.silverbackexp.com

A San Antonio-based independent oil and gas exploration company focused on pursuing and developing primarily unconventional resource play opportunities in the United States.

2013

Southland Royalty Company

Initial Investment: 2015

Southland Royalty Company is a privately held, Fort Worth-based independent oil and gas company focused on building an attractive asset base through an acquisition strategy focused on a variety of domestic unconventional basins.

www.southlandroyaltyco.com

Southland Royalty Company

Southland Royalty Company

Initial Investment: 2015

Southland Royalty Company is a privately held, Fort Worth-based independent oil and gas company focused on building an attractive asset base through an acquisition strategy focused on a variety of domestic unconventional basins.

www.southlandroyaltyco.com

A privately held, Fort Worth-based independent oil and gas company focused on building an attractive asset base through an acquisition strategy focused on a variety of domestic unconventional basins.

2015

Staghorn Petroleum

Initial Investment: 2015

Staghorn Petroleum is a privately held, Tulsa-based oil and gas company focused on the pursuit of sizeable, high-growth and/or emerging plays through a combination of producing and non-producing property acquisitions, grassroots leasing and farm-ins or joint ventures.

staghornpetro.com

Staghorn Petroleum

Staghorn Petroleum

Initial Investment: 2015

Staghorn Petroleum is a privately held, Tulsa-based oil and gas company focused on the pursuit of sizeable, high-growth and/or emerging plays through a combination of producing and non-producing property acquisitions, grassroots leasing and farm-ins or joint ventures.

staghornpetro.com

A privately held, Tulsa-based oil and gas company focused on the pursuit of sizeable, high-growth and/or emerging plays through a combination of producing and non-producing property acquisitions, grassroots leasing and farm-ins or joint ventures.

2015

Talon Oil & Gas III

Initial Investment: 2015

Talon III is a Dallas-based oil and gas company focused on growing through the targeted acquisition and development of oil and natural gas properties in the southern United States. Talon III will focus on the acquisition of quality assets with operational control in the southern United States, where the company can create value through exploitation, exploration, cost reduction, operational efficiencies and the development of repeatable, long-life reserves with a high rate of return.

www.talonog.com

Talon Oil & Gas III

Talon Oil & Gas III

Initial Investment: 2015

Talon III is a Dallas-based oil and gas company focused on growing through the targeted acquisition and development of oil and natural gas properties in the southern United States. Talon III will focus on the acquisition of quality assets with operational control in the southern United States, where the company can create value through exploitation, exploration, cost reduction, operational efficiencies and the development of repeatable, long-life reserves with a high rate of return.

www.talonog.com

A Dallas-based oil and gas company focused on growing through the targeted acquisition and development of oil and natural gas properties in the southern United States.

2015

Tracker Resources Development III

Initial Investment: 2011

Tracker Resources Development III is a Denver-based independent oil and gas company focused on the acquisition and development of oil and gas assets in established tight gas and unconventional resource plays with its primary focus in the Rocky Mountain and Williston Basin region. Tracker’s management team boasts extensive oil and gas experience and a track record of value creation in small, private entities.

www.tracker-resources.com

Tracker Resources Development III

Tracker Resources Development III

Initial Investment: 2011

Tracker Resources Development III is a Denver-based independent oil and gas company focused on the acquisition and development of oil and gas assets in established tight gas and unconventional resource plays with its primary focus in the Rocky Mountain and Williston Basin region. Tracker’s management team boasts extensive oil and gas experience and a track record of value creation in small, private entities.

www.tracker-resources.com

A Denver-based independent oil and gas company focused on the acquisition and development of oil and gas assets in established tight gas and unconventional resource plays.

2011

Travis Peak Resources

Initial Investment: 2013

Travis Peak Resources is an Austin-based oil and gas company formed in November 2013. The core management team consists of a multidisciplinary group of executives who previously held senior-level positions at companies including Newfield Exploration and United Resources. Travis Peak is executing an acquire-and-exploit strategy and fast-follower approach while pursuing liquids-rich and multihorizon plays in various onshore U.S. basins.

www.travispkr.com

Travis Peak Resources

Travis Peak Resources

Initial Investment: 2013

Travis Peak Resources is an Austin-based oil and gas company formed in November 2013. The core management team consists of a multidisciplinary group of executives who previously held senior-level positions at companies including Newfield Exploration and United Resources. Travis Peak is executing an acquire-and-exploit strategy and fast-follower approach while pursuing liquids-rich and multihorizon plays in various onshore U.S. basins.

www.travispkr.com

An Austin-based independent oil and gas company focused on the pursuit of liquids-rich and multihorizon plays in various onshore U.S. basins.

2013

Unconventional Resources

Initial Investment: 2007

Unconventional Resources is managed by individuals who helped to build substantial unconventional gas asset value with Quicksilver Resources (NYSE: KWK) in Canada. The company pursues unconventional gas projects and reserve acquisition opportunities with infill drilling potential in the U.S. and Canada.

ugresources.com

Unconventional Resources

Unconventional Resources

Initial Investment: 2007

Unconventional Resources is managed by individuals who helped to build substantial unconventional gas asset value with Quicksilver Resources (NYSE: KWK) in Canada. The company pursues unconventional gas projects and reserve acquisition opportunities with infill drilling potential in the U.S. and Canada.

ugresources.com

Unconventional Resources pursues unconventional gas projects and reserve acquisition opportunities with infill drilling potential in the U.S. and Canada.

2007

Verdun Oil Company LLC

Initial Investment: 2015

Verdun Oil Company is a privately held, Houston-based oil and gas company that will pursue the identification, acquisition and development of oil and gas assets in the United States.

verdunoilco.com

Verdun Oil Company LLC

Verdun Oil Company LLC

Initial Investment: 2015

Verdun Oil Company is a privately held, Houston-based oil and gas company that will pursue the identification, acquisition and development of oil and gas assets in the United States.

verdunoilco.com

A privately held, Houston-based oil and gas company that will pursue the identification, acquisition and development of oil and gas assets in the United States.

2015