One of EnCap’s core strengths is the cohesiveness and experience of its management team. EnCap is led by seven principals: the four founding partners — David B. Miller, Gary R. Petersen, D. Martin Phillips and Robert L. Zorich — and three additional managing partners — Jason M. DeLorenzo, E. Murphy Markham IV and Douglas E. Swanson, Jr. The founders have led EnCap since inception and have a professional working relationship that spans more than 35 years, while the three other managing partners have an average of 28 years of industry-related experience, including an average of more than 15 years tenure at EnCap. In addition to the managing partners, the firm has six additional partners with an average of more than 21 years of related oil and gas experience and an additional 21 oil and gas investment professionals on its investment staff, including six petroleum engineers. The depth, experience and continuity of EnCap’s investment staff are among the key characteristics that distinguish the firm in the oil and gas investment space. The EnCap team also includes three investor relations professionals and an 11-person fund administration staff, which includes nine certified public accountants. EnCap maintains offices in the heart of the energy industry in both Houston and Dallas.
The EnCap Flatrock Midstream team is led by the three Flatrock founders — Dennis F. Jaggi, William R. Lemmons, and William D. Waldrip — and two additional managing partners — Gregory C. King and David J. Kurtz. In addition to these principals, the EnCap Flatrock team includes 14 highly qualified midstream investment and technical professionals. The EnCap Flatrock team has offices in San Antonio and Houston, Texas, and Oklahoma City, Oklahoma.