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Ark-La-Tex Energy
Initial Investment: 2008
Ark-La-Tex Energy is a private operating company based in Shreveport, LA operated by seasoned oil and gas professionals with a history of creating value in the ArkLaTex Basin. Ark-La-Tex's strategy is to exploit a lower-risk, development asset base with the goal of significantly increasing reserves and production. |
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 Bold Energy II
Initial Investment: 2008
Bold Energy is a Midland, Texas based independent oil and gas acquisition and development company focused on acquiring and exploiting reserves in the Delaware and Permian Basins of Southeast New Mexico and West Texas. Management seeks to leverage off of their significant relationships and their extensive operational experience in the region in order to create value. EnCap initially partnered with the Bold management team through Bold Energy, which was sold to Occidental Petroleum Corporation in May 2008.
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 Common Resources
Initial Investment: 2007
Common Resources is a Houston-based independent oil and gas company focused on creating value through the drillbit in onshore domestic basins. Common was formed by the former executive management team of Spinnaker Exploration Company (NYSE: SKE), a Warburg Pincus backed entity which sold to Norsk Hydro in December 2005 for $2.6 billion. |
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 Cordillera Energy Partners II
Initial Investment: 2004
Cordillera Energy Partners II is a Denver-based exploration and production company focused on pursuing an acquire and exploit strategy. Cordillera II is actively pursuing growth through producing property acquisitions with a focus toward long life gas reserves in active basins throughout United States. EnCap initially partnered with the management team through Cordillera Energy Partners which was sold to Patina Oil and Gas in 2003.
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 Core Minerals Holdings
Initial Investment: 2006
Core Minerals is an Indiana-based independent oil and gas company focused on acquiring and exploiting long-life oil properties in the Illinois Basin. Core is managed by experienced oil and gas professionals who have a history of creating value in small, privately held entities. |
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 CornerStone Natural Resources
Initial Investment: 2005
Cornerstone Natural Resources is a Denver-based independent oil and gas company focused on building a long-life asset reserve base in the Rocky Mountain region. Management has extensive experience in the region, most recently with MarkWest Hydrocarbon. |
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 Crimson Energy Partners III
Initial Investment: 2005
Crimson is a Fort Worth-based independent oil and gas company focused in South Texas. The Crimson management team has worked together for many years and has a history of creating value through the drill bit for various independent oil and gas companies.
www.crimsonenergy.com |
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 Destiny Oil & Gas
Initial Investment: 2006
Destiny is an independent oil and gas company, based in The Woodlands, Texas, focused on acquiring and developing oil and gas properties in North Louisiana and Mississippi. Destiny’s management has extensive experience in multiple disciplines within the oil and gas industry including asset management, operations and acquisition and divestiture.
www.destinyoil.com |
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 Eagle Oil & Gas
Initial Investment: 2007
Eagle Oil & Gas is managed by senior executives with an average of 30 years of exploration and production experience. Eagle is targeting drilling opportunities in South Texas, West Texas, East Texas and Mississippi.
www.eagleog.com
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 Empresa Energy
Initial Investment: 2004
Empresa Energy is a Houston-based independent oil and gas acquisition and development company focused on acquiring and exploiting tight gas reservoirs in the ArkLaTex Basin.
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 Enduring Resources
Initial Investment: 2004
Headquartered in Denver, Enduring was formed in November 2004 by the former senior management team of Westport Resources, a publicly traded Rocky Mountain-based exploration and production company that was sold to Kerr-McGee (NYSE: KMG) in 2003. Since its inception, Enduring has acquired over 185,000 net acres in the Uinta Basin, East Texas and South Texas and has begun an active development program.
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 Escondido Resources II
Initial Investment: 2007
Escondido II is a privately held Houston based independent oil and gas acquisition and development company focused on the acquisition and exploitation of properties located primarily in South Texas. The management team has an excellent track record of acquiring both producing and non-producing properties, maximizing value through additional development, and selling properties for a substantial profit. The team initially partnered with EnCap in 2004 and subsequently sold substantially all of Escondido I's assets to Swift Energy Company (NYSE: SFY) in October 2007.
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 EV Energy Partners
Initial Investment: 2006
EV Properties was formed in 2006 by EnerVest Management Partners and EnCap to acquire long-life oil and gas reserves and related transportation assets that were rolled into a publicly traded Master Limited Partnership, EV Energy Partners, L.P. (Nasdaq: EVEP). EVEP’s focus is to continue to grow through exploitation of existing assets and future acquisitions of long-life producing properties.
www.evenergypartners.com
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 Foothills Energy I
Initial Investment: 2006
Based in Seabrook, Texas, Foothills is an independent oil and gas company focused on pursuing drilling opportunities in Oklahoma. Foothills is managed by oil and gas veterans, all with 25+ years of experience.
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 Force 5 Energy
Initial Investment: 2008
Force 5 Energy, LLC is a company focused on the acquisition, exploitation, development and production of East Texas, North Louisiana and Texas Gulf Coast reserves. The management team has 148 years of combined experience and the technical team previously worked together at KCS Energy and the Gulf Coast Division of Petrohawk Energy.
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 Fossil Creek Resources
Initial Investment: 2007
Fossil Creek Resources is a Dallas-based independent oil and gas company focused
on the pursuit of an oil-prone portfolio of drilling opportunities in the onshore U.S. in play types and basins where management has been successful in the past. The company is managed by a multi-disciplinary group of seasoned E&P executives who previously held senior-level positions at companies such as ConocoPhillips and Union Pacific Resources.
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 Grenadier Energy Partners
Initial Investment: 2007
Grenadier Energy Partners is managed by the former Stroud Energy management team. Stroud Energy, a successful Fund IV investment, was sold to Range Resources (NYSE: RRC) in 2006. Grenadier’s management team will pursue a strategy similar to the strategy that successfully created value for Stroud.
www.grenadierenergy.com
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 GulfTex Energy
Initial Investment: 2006
GulfTex Energy is a San Antonio-based independent oil and gas company focused on acquiring and exploiting oil and gas properties in South Texas and the Texas Gulf Coast regions.
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 JOG Capital Fund III
Initial Investment: 2005
JOG Capital Fund III is an investment fund managed by JOG Capital focused on making investments in junior oil and gas companies in Canada. Similar to EnCap’s strategy, JOG provides growth capital to early stage companies that have the intention of building assets for several years and then liquidating.
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 Laramie Energy II
Initial Investment: 2007
Laramie Energy II is a Denver-based, independent oil and gas company formed by former executives of Forest Oil Corporation (NYSE: FST) and Mesa-Hydrocarbons, Inc. Laramie is focused on acquiring and exploiting unconventional natural gas plays in the Rocky Mountains, primarily in the Piceance Basin of Colorado. EnCap initially partnered with the management team through Laramie Energy which was sold to Plains Exploration & Production Company (NYSE: PXP) in May 2007.
www.laramie-energy.com
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 Laredo Energy IV
Initial Investment: 2006
Laredo Energy IV is a Houston-based independent oil and gas acquisition and development company with operations in the Lobo Trend in South Texas. While partnered with EnCap, the Laredo team has successfully developed and realized assets in this area several times.
www.laredoenergy.com
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 Legado Resources
Initial Investment: 2007
Legado Resources is an independent oil and gas company based in The Woodlands, Texas, formed by former executives with Anadarko Petroleum Corporation (NYSE: APC). Legado is focused on acquiring and exploiting assets in mature onshore oil basins in the continental United States.
www.legadoresources.com |
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 Limestone Exploration
Initial Investment: 2008
Limestone is a privately held, Midland, Texas based oil and gas company focused on acquiring and developing acreage in the Spraberry and Wolfcamp trends located in the Permian Basin. Limestone is managed by a multi-disciplinary team that has worked together in the past and has extensive experience in the region.
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 Lobos Energy Partners
Initial Investment: 2006
Lobos Energy is a private operating company focused in the Delaware Basin of Southeast New Mexico. Lobos Energy’s management team is comprised of seasoned oil and gas professionals with experience from Dominion Resources (NYSE: D) and Louis Dreyfus Natural Gas.
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 Lone Star
Initial Investment: 2007
Lone Star is a Dallas-based independent oil and gas company focused on the acquisition of producing properties with behind-pipe and drill-bit oriented upside in several onshore domestic basins as well as acreage and drilling opportunities in low-risk resource play areas. The principals are seasoned E&P executives with an aggregate 100 years of experience in A&D, land, technical evaluation, drilling operations and production operations in the targeted basins. |
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 Manti Exploration
Initial Investment: 2006
Manti Exploration is a privately held Corpus Christi-based independent oil and gas company focused on the exploration and exploitation of oil and gas in the Gulf Coast and Gulf of Mexico regions of the United States.
www.mantires.com
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 Marquette Exploration
Initial Investment: 2006
Headquartered in The Woodlands, Texas, Marquette is an upstream oil and gas company focused on unconventional resource plays in several basins throughout North America. Marquette is led by a seasoned management and technical team formerly with Burlington Resources. This team has a proven track record of discovering and developing significant resource plays in North America.
www.mqexp.com
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 Mediterranean Resources
Initial Investment: 2005
Mediterranean Resources is an independent oil and gas company focused on the acquisition and exploitation of both domestic and international E&P assets. The Mediterranean management team possesses significant domestic and international oil and gas experience. Mediterranean is currently focused in the Permian Basin, South Texas and Italy.
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 Navidad Resources
Initial Investment: 2007
Navidad Resources is an independent oil and gas company based in Tyler, Texas that is focused on exploiting its current East Texas asset base and developing new opportunities. Navidad management has a track record of creating value for investors by developing reserves through the drillbit.
www.navidadresources.com
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 NCX Company II
Initial Investment: 2005
NCX II is an independent oil and gas company based in Houston engaged in the acquisition, development and production of oil and gas properties in the shelf area of the offshore Gulf of Mexico. NCX I sold the majority of its assets to Sumitomo in 2005 and management continues to pursue opportunities through NCX II.
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 Oasis Petroleum
Initial Investment: 2007
Headquartered in Houston, Oasis was formed by former senior management members of Burlington Resources. Oasis is focused on creating value both domestically and internationally through acquiring and exploiting underdeveloped oil and gas assets.
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 O’BENCO II
Initial Investment: 2006
O’BENCO II is a Shreveport, Louisiana-based operating entity formed by O’Brien Energy Company, EnCap and other institutional investors focused on the development of oil and gas properties in East Texas.
www.obrienenergyco.com
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 OGX Holding II
Initial Investment: 2008
OGX is a Midland, Texas based oil and gas company focused on acquiring and exploiting oil and gas properties primarily in the Permian Basin of West Texas and Southeast New Mexico. Key management members have extensive experience as independent owners and operators of oil and gas properties in the region. The team initially partnered with EnCap in 2006 and subsequently sold the majority of its assets to Legend Natural Gas III in March 2008.
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 Ovation Energy II
Initial Investment: 2004
Ovation II is a Fort Worth-based independent oil and gas company. Ovation II was formed by the same core management members that successfully created value with EnCap in Ovation I. Ovation II is focused on acquiring and developing oil and gas assets throughout the Anadarko, Arkoma and East Texas basins where management has significant expertise.
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 Paladar Investments I
Initial Investment: 2008
Paladar is a privately held, Houston based oil and gas company managed by seasoned oil and gas executives who are focused on acquiring acreage and drilling wells in the Lobo Trend in South Texas. Management has extensive experience in the region and successfully partnered with EnCap in the past as part of the Laredo management team.
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 Peregrine Oil & Gas II
Initial Investment: 2007
Peregrine II is a privately held Houston, Texas based independent oil and gas acquisition and development company focused on the acquisition and further development of under-managed and under-exploited oil and gas properties located principally in the offshore Gulf of Mexico region. Peregrine is managed by an experienced team with significant history working together in the region. Peregrine II was formed by the same core management members that successfully created value with EnCap in Peregrine I.
www.peregrineoilandgas.com |
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 PetroEdge Resources II
Initial Investment: 2008
PetroEdge is a Houston based independent oil and gas company focused on the Appalachian Basin. PetroEdge is led by the former Global Business Manager of Halliburton's (NYSE: HAL) internal investment group. The team initially partnered with EnCap in 2006 and subsequently sold the majority of its assets to Quest Resource Corporation in 2008.
www.petroedgeresources.com
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 Phillips Energy Partners
Initial Investment: 2007
Phillips Energy Partners is a Houston-based company focused on acquiring producing royalty and mineral interests and outside operated working interests. Phillips Energy Partners will seek to acquire not only producing mineral fee interests, but also operated and outside operated working interest and non-producing mineral fee interests in a wider range of basins. |
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 Piedra Energy I
Initial Investment: 2007
Piedra is a privately held, Midland based oil and gas company focused in the Permian Basin. Consistent with management's expertise and historical track record, Piedra will pursue the exploration and development of lower risk resource plays with scalability and upside.
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 Plains All American Pipeline, L.P.
Initial Investment: 2001
EnCap’s investment in Plains All American Pipeline, L.P. (NYSE: PAA), a publicly traded master limited partnership (NYSE: PAA), is in the form of both privately held general partner units and publicly traded LP units. PAA is engaged in crude oil gathering, transportation, marketing and storage in the U.S. and Canada.
www.paalp.com
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 Plantation Petroleum Holdings IV
Initial Investment: 2007
Headquartered in The Woodlands, Texas, Plantation IV is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico. The Plantation management team has a history of creating value with EnCap in the Permian Basin using an acquire and exploit strategy.
www.plantationpetro.com
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 Protégé Energy
Initial Investment: 2004
Protégé Energy is a Tulsa, Oklahoma-based independent oil and gas acquisition and development company focused primarily in the Mid-Continent region. Protégé’s asset base includes properties in Kansas, Oklahoma and Texas. Protégé is managed by former key employees of Newfield Exploration Company (NYSE: NFX) and other independent exploration and production companies.
www.protege-energy.com
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 Red Arrow Energy
Initial Investment: 2007
Red Arrow Energy is a Houston-based oil and gas company focused primarily in East Texas, South Texas and North Louisiana. Management and the technical staff have built an impressive track record of operating and executing in various domestic basins over the past 15 years. |
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 Renaissance Holding Company
Initial Investment: 2007
Renaissance Holding Company is a Houston-based exploration and production company with oil and gas assets primarily in Texas, Louisiana and Oklahoma. Renaissance is managed by the former President & CEO of Middle Bay Oil Company. EnCap’s commitment to Renaissance will be used primarily to develop several opportunities that the Company has captured in South Louisiana. |
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 RiverStone Energy
Initial Investment: 2006
RiverStone is a Houston-based independent oil and gas company focused on the acquisition and development of reserve in the ArkLaTex Basin. Management has extensive experience in the region and a track record of value creation.
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 Royal Offshore
Initial Investment: 2008
Royal Offshore is a Corpus Christi based company focused on developing offshore Gulf of Mexico assets. The management team has extensive experience in the oil and gas business and a proven track record of valuation creation over an extensive period of time.
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 Savant Resources
Initial Investment: 2005
Savant Resources is a privately held Denver-based independent oil and gas company focused on tight gas, shale and coalbed methane projects. Savant’s management team is comprised of three experienced oil and gas professionals with extensive industry experience and a proven track record.
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 Shona Energy
Initial Investment: 2005
Shona Energy is an internationally focused E&P company managed by the former CEO of Nuevo Energy and a team of industry veterans. Shona, primarily focused in South America, pursues assets with a mix of both low-risk development opportunities and higher potential exploration opportunities.
www.shonaenergy.com
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 Staghorn Energy
Initial Investment: 2007
Staghorn Energy is a Tulsa, Oklahoma-based oil and gas company focused on the acquisition and exploitation of “marginal” producing properties (properties at least 90% depleted of reserves at the time of acquisition). Acquired properties are enhanced through the development of PUD locations, workovers/recompletions of behind pipe zones in existing well bores and secondary recovery efforts.
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 Tempest Energy Resources
Initial Investment: 2004
Tempest Energy is a Dallas-based independent oil and gas company primarily focused on the acquisition and development of oil and gas properties located in the Wilcox and Frio trends of the Texas Gulf Coast.
www.tempest-energy.com
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 Talon Oil & Gas
Initial Investment: 2007
Talon is a Dallas-based oil and gas company focused on creating value through an acquire and exploit strategy in many of the major basins in the United States. Management has worked together for 15 years holding key senior positions at Coda Energy, Belco Oil and Gas, Westport Resources and Kerr-McGee Corporation.
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 Tracker Resources Development II
Initial Investment: 2006
Tracker Resources Development is a Denver-based independent oil and gas company focused on the acquisition and development of oil and gas assets in established tight gas and unconventional resource plays with its primary focus in the Rocky Mountain region. Tracker’s management team boasts extensive oil and gas experience and a track record of value creation in small, private entities.
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 Unconventional Resources
Initial Investment: 2007
Unconventional Resources is managed by individuals who helped to build substantial unconventional gas asset value with Quicksilver Resources (NYSE: KWK) in Canada. In this new entity, management will stay focused on building value through unconventional gas assets in the United States and Canada.
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