EnCap – Oil & Gas 360

Matador closes $1.6 billion Delaware basin acquisition from EnCap

April 13, 2023

World Oil (WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”). The consideration paid upon the closing of the Advance Transaction

Concho Resources and Solaris Water Form JV in the Delaware Basin - Oil & Gas 360

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from Sabalo Energy LLC, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling

EnCap-Backed Company Names Officers

June 18, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 San Antonio-based Stakeholder Midstream, backed by EnCap Flatrock Midstream, has promoted two of its employees to officer positions. Josh Roberts, the former vice president of engineering, will now be serving as the chief operating officer for Stakeholder. Source: Stakeholder Midstream Roberts joined the company in July of 2015, beginning his tenure

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

April 16, 2019

For now, Wall Street has turned off the shale funding spigot By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer an easy-to-turn-on cash spigot that sits ready to fill the bank accounts of public exploration and production (E&P) companies with

Pegasus Snags Second $300 Million Equity Commitment from EnCap

February 11, 2019

Pegasus Resources, LLC, a mineral and royalty company based in Fort Worth, Texas, has secured a second $300 million equity commitment from EnCap Investments L.P. EnCap’s total commitment to Pegasus is now $600 million. Pegasus received the initial commitment of $300 million from EnCap in November 2017. Pegasus focuses on acquisition and management of mineral and royalty properties in the core

EnCap Commits $250 Million to Getka Energy

March 27, 2018

Getka Energy LLC, a midstream services provider, has received an initial equity commitment of $250 million from EnCap Flatrock Midstream. Getka was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market optionality for producers across North America, in addition to domestic and international marketers. The recently formed company is led by

EnCap Flatrock Midstream Adds Managing Director

March 21, 2018

EnCap Flatrock Midstream added Rob Wingo as managing director today. Wingo joins EnCap Flatrock from Rice Energy and Rice Midstream Partners, where he served for five years, most recently as SVP of midstream and marketing for Rice Energy, as well as COO and as a member of the board of directors for Rice Midstream Partners. “We are pleased to welcome

Permian Takeaway: PE Making Moves

January 8, 2018

Lucid Energy Group and EnCap Flatrock Midstream have agreed to sell Lucid Energy Group II, LLC to funds owned by Riverstone Holdings LLC and the Goldman Sachs Group Inc. (ticker: GS) for approximately $1.6 billion. The participating investment funds managed by Goldman Sachs MBD are West Street Capital Partners VII, L.P., West Street Global Infrastructure Partners III, L.P., and West Street Energy Partners, L.P.

Callon Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance Oil & Gas 360

EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

May 1, 2017

99% HBP by 220 producing vertical wells EnCap-backed PetroLegacy Energy II, LLC closed on the acquisition of roughly 20,000 net acres in northeastern Martin County, Texas, from Pioneer Natural Resources Company (ticker: PXD) for $266 million. PetroLegacy said the Northern Midland Basin assets are currently producing approximately 1,500 BOEPD and will provide PetroLegacy with horizontal drilling locations across the property

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