XCL Resources Seeks FTC’s Prior Approval for Altamont Energy Acquisition

The Federal Trade Commission is requesting public comment on an application from XCL Resources Holdings, LLC, a subsidiary of private equity firm EnCap Investment L.P., seeking prior approval from the agency to complete its proposed acquisition of Altamont Energy, LLC, an oil and gas operator in the Uinta Basin region of Utah.

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/news/press-releases/2024/03/xcl-resources-seeks-ftcs-prior-approval-altamont-energy-acquisition

Retrieved on:

화요일, 4월 2, 2024

Information

Tags:

Carbon, Natural gas, Federal Register, Regulations.gov, Register, Social media, Blog, News, Acquisition, EnCap, XCL, Federal Trade Commission, FTC, Oil

Geotags:

UTAH, TEXAS

요약

Key Points:

The Federal Trade Commission is requesting public comment on an application from XCL Resources Holdings, LLC, a subsidiary of private equity firm EnCap Investment L.P., seeking prior approval from the agency to complete its proposed acquisition of Altamont Energy, LLC, an oil and gas operator in the Uinta Basin region of Utah.
XCL’s petition to the FTC stems from the Commission’s 2022 final order regarding EnCap Energy Capital Fund XI, L.P.’s $1.445 billion acquisition of EP Energy Corp.
XCL is a private equity-owned oil and gas company based in Houston, Texas.
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