Our Team

Craig Friou

Chief Financial Officer

EnCap Investments

Prior to joining EnCap in August 2019, Mr. Friou spent 23 years in client service at PwC in Houston, Aberdeen (UK) and Dallas. His clients primarily included public- and private-equity-backed independent E&P and oilfield services companies. He was in the audit practice for 21 years before joining transaction services, where he helped private companies go public and worked with public companies’ registration statements required for capital raising, M&A and asset acquisitions.

Mr. Friou is widely regarded as a subject matter expert in the oil and gas industry. He was a key contributor to the development of the Petroleum Accounting 7th Edition textbook and to the U.S. PwC Survey of U.S. Petroleum Accounting Practices. Mr. Friou also is a founding member of the Planning Committee for the AICPA/PDI National Oil and Gas Conference. Mr. Friou also spent seven years developing the content for and presenting at PwC's Petroleum Academy and served as a guest lecturer at the UT- Dallas in Oil & Gas Financial Management.

Outside of work, Mr. Friou is a dedicated volunteer and avid supporter of local organizations. He is a community service volunteer and board member of the Rotary Club of West U and Youth Development Center (YDC). He has also been a fundraiser for the Rotary Lombardi Award, supporting the fight against cancer.

Mr. Friou is a graduate of The University of Texas with BBA and MPA degrees in accounting. He is a CPA and a member of the Independent Petroleum Association of America.