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 Bold Energy II
Initial Investment: 2008
Bold Energy II 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.
www.boldenergy.com
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 Common Resources II
Initial Investment: 2010
Common Resources II is a Houston-based independent oil and gas company focused on developing domestic unconventional oil and gas assets. EnCap initially partnered with the management team through Common Resources, which was sold to Talisman Energy and BG/ECXO in May 2010.
www.common-resources.com |
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 Cordillera Energy Partners III
Initial Investment: 2007
Cordillera Energy Partners III is a Denver-based exploration and production company focused on pursuing an acquire and exploit strategy in active basins throughout the United States. Cordillera III is actively pursuing growth through producing property acquisitions with a focus toward long-life gas reserves in the Mid-Continent region. EnCap initially partnered with the management team through Cordillera Energy Partners which was sold to Patina Oil and Gas in 2003 and again through Cordillera Energy Partners II which was sold in 2008 to Forest Oil, Devon Energy and Merit Energy.
www.cordilleraep.com
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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 reserve asset base in the Williston Basin and Bakken Shale play. Cornerstone is managed by the former executive management team of Patina Oil & Gas who created nearly $3 billion of shareholder value with only $150 million in invested and contributed equity.
www.cornerstonenaturalresources.com |
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Dorado E&P
Initial Investment: 2011
Dorado E&P is a Denver-based independent oil and gas company focused on the pursuit of low-risk acreage and drilling opportunities and proved reserve acquisitions. The company is managed by a multi-disciplinary group of seasoned E&P executives who previously held senior-level positions at companies such as EnCana, Forest Oil and El Paso.
www.doradoep.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 West Texas, East Texas and Louisiana.
www.eagleog.com
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 Eclipse Resources
Initial Investment: 2011
Eclipse Resources is a Pennsylvania based oil and gas company focused on the acquisition, development and exploration of unconventional oil and natural gas properties in the northeastern United States. The Company is led by the former co-founder and Chief Executive Officer of Rex Energy (Nasdaq: REXX), who has a demonstrable track record of creating value in the Appalachian Basin.
www.eclipseresources.com |
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 Empresa Energy III
Initial Investment: 2010
Empresa Energy III is a Houston-based independent oil and gas acquisition and development company focused on acquiring and exploiting properties in various unconventional resource plays. EnCap initially partnered with the management team through Empresa Energy, which was sold to Chesapeake Energy Corporation (NYSE: CHK) in July 2009, and again through Empresa Energy II, which was sold to Chesapeake in June 2010.
www.empresaenergy.com
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 Enduring Resources II
Initial Investment: 2011
Headquartered in Denver, Enduring II was formed in June 2011 and is focused on pursuing a diverse portfolio of acquisition and exploitation opportunities in central onshore U.S. basins. EnCap initially partnered with the management team through Enduring I, which was formed in 2004 and recently sold the majority of its asset base in three individual transactions to Cabot Oil & Gas (NYSE: COG), Statoil ASA (NYSE: STO) and Talisman (NYSE: TLM), and O’BENCO II.
www.enduringresources.com
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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 considerably all of Escondido I's assets to Swift Energy Company (NYSE: SFY) in October 2007.
www.escondido-resources.com
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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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 FireWheel Energy
Initial Investment: 2011
FireWheel Energy, LLC is an independent oil and gas development company headquartered in Midland, Texas. The Company is pursuing both Greenfield development and acquire-and-exploit opportunities and is focused on the Permian Basin and East Texas. Management has diverse operational, engineering, geological, and business experience as well as a history of value creation in both of the Company’s core focus areas. Previously, the majority of FireWheel’s senior management team held executive level positions with XTO Energy / Exxon.
www.firewheelenergy.com |
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 Forge Energy
Initial Investment: 2011
Forge Energy, LLC is a San Antonio-based exploration and production company formed in July 2011. The core management team consists of three former senior-level management members at Burlington Resources with a broad base of experience in engineering, operations, and business development. Forge is focused on pursuing an acquire and exploit strategy primarily targeting the central United States, ranging from the onshore Gulf Coast to the Canadian border.
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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.
www.fossilcreekres.com
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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 in 2006. Grenadier’s management team is pursuing a strategy similar to that which successfully created value for Stroud. The team is currently active in the Marcellus Shale resource play of the Appalachia Basin.
www.grenadierenergy.com
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 HVL Energy
Initial Investment: 2008
HVL Energy is a Midland based independent oil and gas company focused on acquiring and exploiting oil and gas reserves in the Permian Basin. The management team has worked together for a number of years and has a history of value creation in the region.
www.hvlenergy.com
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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 II
Initial Investment: 2010
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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 Lone Star Land & Energy II
Initial Investment: 2010
Lone Star II 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 such as the Niobrara Shale. 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. EnCap initially partnered with the management team through Lone Star Land & Energy which was sold in 2010. |
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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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 Mediterranean Resources
Initial Investment: 2005
Mediterranean Resources is an independent oil and gas company focused on the acquisition and exploitation of international E&P assets. The Mediterranean management team possesses significant domestic and international oil and gas experience. Mediterranean is currently focused on properties located in southern 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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 Oasis Petroleum
Initial Investment: 2007
Headquartered in Houston, Oasis was formed by former senior management members of Burlington Resources. Oasis is an oil & gas exploitation and acquisitions company focused on under-managed and under-developed assets primarily in the Williston Basin and Bakken Shale play (Montana and North Dakota).
www.oasispetr.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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 Paloma Partners II
Initial Investment: 2009
Paloma II is a privately held, Houston based oil and gas company focused on the acquisition and development of acreage in the southwestern portion of the Haynesville Shale trend. Management’s impressive track record of value creation includes two successful EnCap sponsored entities, San Juan Partners and Paloma Barnett. |
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 PennEnergy Resources
Initial Investment: 2011
PennEnergy Resources LLC, headquartered in Pittsburgh, Pennsylvania, is a newly formed independent oil and gas exploration and production company focused on the Marcellus Shale. Formerly serving as the executive management team of Atlas Energy, Inc., the Company’s leadership has extensive experience in all facets of the oil & gas industry and has pioneered the development and expansion of the Marcellus Shale.
www.pennenergyresources.com |
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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 Marcellus Shale resource play of the Appalachian Basin. PetroEdge is led by the former Global Business Manager of Halliburton's 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 II
Initial Investment: 2010
Phillips Energy Partners II is a Shreveport, Louisiana based company focused on acquiring producing and non-producing royalty and mineral fee interests throughout the United States. This is the third time EnCap had backed management, which has a history of creating value executing a similar strategy.
www.phillipsenergypartners.com
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 Piedra Resources II
Initial Investment: 2011
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.
The team initially partnered with EnCap in 2007 and subsequently sold the majority of its assets to Berry Petroleum (NYSE:BRY) in 2011.
www.piedrallc.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 II
Initial Investment: 2008
Protégé Energy is a Tulsa-based independent oil and gas acquisition and development company focused primarily in the Mid-Continent region and the Marcellus Shale resource play of the Appalachian Basin. Protégé’s asset base includes properties in the Texas Panhandle, Pennsylvania, and Eastern Ohio. Protégé is managed by former key employees of Newfield Exploration Company and other independent exploration and production companies. The team initially partnered with EnCap in 2004 and subsequently sold its assets to Forest Oil and EV Energy Partners in 2008.
www.protege-energy.com
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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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 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 value creation over an extensive period of time.
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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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 Silver Oak Energy
Initial Investment: 2011
Silver Oak, based in Fort Worth, Texas, is focused on horizontal drilling opportunities as well as the acquisition and exploitation of long-lived oil and gas producing properties across multiple basins. The founders of Silver Oak are former officers and managers of Encore Acquisition Company and were instrumental in the growth of Encore until the company was acquired by Denbury Resources in 2010 for $4.5 billion.
www.silveroakpartners.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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 Talon Oil & Gas II
Initial Investment: 2011
Talon II is a Dallas-based oil and gas company focused on creating value through a similar acquire-and-exploit model as successfully implemented in Talon I and throughout management’s careers. The company continues to seek out privately negotiated, non-marketed transactions with (i) high-quality producing and proved reserves and (ii) exploitation and/or exploration upside realizable with strategic development. The company will focus largely on the pursuit of larger, strategic acquisitions similar to Talon I’s privately-negotiated purchase of Denbury’s Barnett shale assets in 2009. Management will rely on extensive industry contacts and technical expertise to implement its plan.
www.talonog.com
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 Tracker Resources Development III
Initial Investment: 2011
Tracker Resources Development III 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 and Williston Basin region. Tracker’s management team boasts extensive oil and gas experience and a track record of value creation in small, private entities.
www.tracker-resources.com
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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. The Company pursues unconventional gas projects and reserve acquisition opportunities with infill drilling potential in the U.S. and Canada.
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 Venado Oil & Gas
Initial Investment: 2011
Austin, Texas-based Venado Oil & Gas is a privately-held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas. Venado's founding partners were formerly senior management at Pioneer Natural Resources and San Isidro Development and the team has a combined 130+ years of experience with companies such as Pioneer, San Isidro, Dan A. Hughes, Texas Oil & Gas, XTO Energy and ExxonMobil.
www.vogllc.com
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