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EnCap Energy Capital Fund XI, L.P.

Company Summary

Description

Fund XI provides growth capital to proven management teams focused on the upstream sector of the oil and gas industry in North America. The fund initially closed on December 4, 2017 and they had a capital commitment of $7 billion.

Website

http://cts.businesswire.com/ct/CT?id=smartlink&url...

Operational Regions

  • North America

Related Entities

Recent news

Company Transactions

Date: 12/31/2021
Type: Acquisition

DETAILS:

COST: 430 $MM

VOLUMES: 180 Mmcfe/d

ACRES: 70300 Acres

NOTES:
Goodrich Petroleum has entered into a merger agreement with Paloma Partners VI Holdings, which is a private firm backed by EnCap Energy Capital Fund XI. Paloma will acquire all outstanding Goodrich shares at $23/share in cash for a total of $480 million. The deal is expected to close in December 2021, after which Goodrich will become a privately held company.
REGIONS:
  • Haynesville-Bossier Shale
  • Tuscaloosa Marine Shale
  • Eagle Ford