Private Equity Firm Energy

EnCap Investments

Houston, Texas, United States

EnCap Investments is a private markets investor with a multi-decade track record of value creation across the North American energy landscape. The firm operates through specialized fund platforms—Upstream, Midstream, and Energy Transition—each led by dedicated teams focused on sector-specific investment opportunities.

Focus Areas
Renewables, Energy transition investments, Offshore wind installation

Tracked deals

4

4 tracked deals across 2022-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 growth capital

EnCap Investments Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for EnCap Investments. 1 2022 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Matador Resources Closes Paloma Acquisition
    October 1, 2026
    Buyer
    Matador Resources Company, EnCap Investments L.P.
    Target
    Paloma Permian LLC
    Seller
    EnCap Investments L.P.
    Industry
    Oil & Gas
    Location
    New Mexico, United States
    Type
    Buyout

    Matador Resources announced it has closed its previously announced acquisition of Paloma Permian LLC from EnCap Investments for $1.255 billion subject to post-closing adjustments. The closed deal adds approximately 16,500 net primarily undeveloped acres in Eddy and Lea Counties, New Mexico, and expands Matador’s Delaware Basin footprint.

  • Matador Resources to Acquire Ridge Runner Resources II, LLC (EnCap Portfolio)
    July 23, 2026
    Buyer
    Matador Resources Company, EnCap Investments L.P.
    Target
    Ridge Runner Resources II, LLC
    Seller
    EnCap Investments L.P.
    Industry
    Oil & Gas
    Location
    New Mexico, United States
    Type
    Buyout

    In a separate transaction, Matador agreed to acquire primarily undeveloped Woodford acreage from Ridge Runner Resources II, LLC, another EnCap portfolio company. The deal is intended to expand Matador’s contiguous Woodford acreage position in the Delaware Basin and add additional drilling locations and reserves.

  • Matador Resources to Acquire Paloma Permian LLC from EnCap Investments
    July 23, 2026
    Buyer
    Matador Resources Company, EnCap Investments L.P.
    Target
    Paloma Permian LLC
    Seller
    EnCap Investments L.P.
    Industry
    Oil & Gas
    Location
    New Mexico, United States
    Type
    Buyout

    Matador Resources announced a definitive agreement to acquire Paloma Permian LLC, a portfolio company of EnCap Investments, for $1.275 billion in cash. The acquisition is expected to close in Q4 2026 and adds large Woodford acreage in Eddy and Lea Counties, New Mexico.

  • EnCap Energy Transition Commits Growth Capital to Bleutec Industries
    November 30, 2022
    Buyer
    EnCap Investments L.P., Bleutec management (co-investors)
    Target
    Bleutec Industries LLC
    Industry
    Renewable Energy
    Location
    Texas, United States
    Type
    Growth capital

    EnCap Investments (via its EnCap Energy Transition platform) has made a significant equity commitment to Bleutec Industries, a Houston-based builder, owner and operator of Jones Act‑compliant offshore wind turbine installation vessels. Bleutec management is co-investing alongside EnCap to accelerate development of its Binary Marine Installation Solution (BMIS) and build out Jones Act vessels to support U.S. offshore wind projects.

Related Acquisition Pages

Oil & Gas Buyers & Acquisitions 3 tracked deals by EnCap Investments. Renewable Energy Buyers & Acquisitions 1 tracked deal by EnCap Investments. Acquisitions in New Mexico 3 tracked deals by EnCap Investments. Acquisitions in Texas 1 tracked deal by EnCap Investments.

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