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EnCap Investments L.P.

Company Summary

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Company Transactions

Date: 8/16/2021
Type: Acquisition

DETAILS:

COST: 1.5 $B

NOTES:
EnCap Investments has reached a deal to acquire EP Energy for $1.5 billion, with plans to divide up the firm's Eagle Ford and Uinta Basin positions. EnCap will merger the Utah (Uinta Basin) position with portfolio company XCL Resources while rolling EP's Eagle Ford assets into the EnCap regional acreage.
REGIONS:
  • Uinta Basin
  • Eagle Ford
  • Date: 7/1/2021
    Type: Acquisition

    DETAILS:

    COST: 715 $MM

    VOLUMES: 14.5 MBOE/d

    ACRES: 21000 Acres

    NOTES:
    Laredo Petroleum has signed a deal to acquire the assets of Sabalo Energy from EnCap Investments and a non-op partner for $715 million. This includes $625 million in cash and 2.5 million shares of Laredo equity. The deal adds on 21,000 net acres and 14.5 Mboe/d in production (83% oil).
    REGIONS:
  • Permian Basin
  • Date: 4/1/2021
    Type: Acquisition

    DETAILS:

    COST: 126.5 $MM

    VOLUMES: 7.8 MBOE/d

    ACRES: 20300 Acres

    NOTES:
    Earthstone Energy has signed a deal with several companies to buy 20,300 net acres in Irion County, 7.8 Mboe/d in production (21% oil) and 49 identified Wolfcamp drilling locations. The deal was signed with Tracker Resource Development III and an affiliate of Sequel Energy Group. Earthstone will pay $126.5 million, including $81.6 million in cash and 6.2 million shares of Class A stock. Closing is targeted for the third quarter of 2021.
    REGIONS:
  • Midland Basin
  • Date: 7/4/2020
    Type: Acquisition

    NOTES:
    The sale is a 57% undivided interest across their Delaware Basin Position and a 37% undivided interest across the Midland Basin. Pegasus Resources, an EnCap portfolio firm, will buy that stake for $100 million and closing will occur July 2020.
    REGIONS:
  • Delaware Basin
  • Midland Basin
  • Date: 10/7/2016
    Type: Acquisition

    DETAILS:

    COST: 135 $MM

    VOLUMES: 1.5 MBOE/d

    ACRES: 3300 Acres

    REGIONS:
  • Delaware Basin