EnCap Investments is an American

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leve ...

, specializing in the energy industry, particularly oil & gas. The firm was established in 1988 and is based in

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

History

In 2012, the company started a $4.3 billion fund to invest in oil and gas. In 2013, EnCap was ranked at #16 ''

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the tit ...

'''s PEI 300 list, with some $11.8 billion under management. Since its founding, EnCap Investments has raised 18

private equity funds A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. ...

. 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. In February, 2021, Grayson Mill Energy, a company backed by EnCap Investments, acquired

Equinor Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. I ...

's oil and gas assets in the

Bakken Formation The Bakken Formation () is a rock unit from the Late Devonian to Early Mississippian age occupying about of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initi ...

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. Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power.

References

External links

Official website
Financial services companies established in 1988 Private equity firms of the United States Mezzanine capital investment firms {{private-equity-company-stub