To date, EnCap has invested approximately $24 billion in more than 240 different upstream companies. More than 200 investments have been realized, creating strong returns for EnCap's institutional partners over multiple industry and hydrocarbon price cycles with limited losses. We believe the landscape for investment in the upstream oil and gas space remains compelling and we continue to allocate capital to the most economically attractive opportunities.
Central to EnCap's investment strategy is the firm's ability to identify and attract the industry's premier management teams. EnCap's principals, partners and investment professionals have spent their entire careers developing extensive contacts and relationships within the oil and gas industry and the industry-related financial community. In addition, the firm's strong reputation as an innovative, value-added source of growth equity capital to the independent sector of the oil and gas industry enhances its ability to attract the highest quality teams.