EnCap Investments

Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

Retrieved on: 
Monday, March 4, 2024
Oil, Gas, Energy, Permian, Goldman Sachs, Prospectus, Telephone, Common stock, Sale, EnCap Investments, Sales, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • Goldman Sachs & Co. LLC is serving as the underwriter for the offering.

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Monday, March 4, 2024
Oil, Gas, Energy, Permian, Goldman Sachs, Prospectus, Telephone, Common stock, Sale, EnCap Investments, Sales, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • Goldman Sachs & Co. LLC is serving as the underwriter for the offering.

Energy Capital Partners Acquires Triple Oak Power from EnCap Investments L.P.

Retrieved on: 
Tuesday, January 9, 2024
Other Energy, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Wind, LLP, Natural Resources, Electricity, ECP, Partnership, Latham & Watkins, History, EnCap Investments, Partner, Marathon Capital, Mercuria, EnCap, Sidley Austin, Growth, Renewable energy

Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.

Key Points: 
  • Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.
  • "ECP is excited to work with Triple Oak Power to execute our shared mission of delivering cost-effective, clean energy to consumers," said Schuyler Coppedge, Partner at ECP.
  • "We are proud of the platform that the Triple Oak team has created alongside our partner, EnCap, and we are thrilled to partner with ECP in the next chapter of growth for Triple Oak Power," said Jesse Gronner, CEO of Triple Oak.
  • Marathon Capital acted as the exclusive financial advisor to EnCap and Triple Oak on the transaction, and Sidley Austin LLP served as legal counsel to EnCap and Triple Oak.

Mach Natural Resources Completes the Acquisition of Paloma Anadarko Basin Assets

Retrieved on: 
Friday, December 29, 2023
Oil, Gas, Energy, MNR, Acquisition, Partner, Credit, Texas Capital Bank, Macquarie Group, MidFirst Bank, EnCap Investments, EOC, Kirkland & Ellis, Line of credit, Vinson & Elkins, Natural Resources, Mach, Latham & Watkins, Financial adviser

Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).

Key Points: 
  • Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).
  • Mach also entered into a $75 million super priority revolving credit facility (the “Revolving Credit Facility”) led by MidFirst Bank.
  • In connection with closing of the Acquisition, Mach used proceeds from the Term Loan Facility and cash on hand to repay the existing amounts outstanding under the previously outstanding revolving credit agreement and such agreement was terminated.
  • As of closing of the Acquisition, the Revolving Credit Facility was undrawn.

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Tuesday, December 19, 2023
Oil, Gas, Energy, Permian, Telephone, Sale, EnCap Investments, Common stock, Sales, Prospectus, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”), resulting in total gross proceeds of approximately $512.4 million.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”), resulting in total gross proceeds of approximately $512.4 million.
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • J.P. Morgan Securities LLC is serving as the underwriter for the offering.

Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

Retrieved on: 
Tuesday, December 19, 2023
Oil, Gas, Energy, Permian, Telephone, Sale, EnCap Investments, Common stock, Sales, Prospectus, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. (the “Selling Stockholders”).
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Mach Natural Resources Adds Accretive Acquisition in Anadarko Basin

Retrieved on: 
Monday, November 13, 2023
EnCap Investments, NYSE, Senior, Grady County, Oklahoma, Vinson & Elkins, Mach, Latham & Watkins, MNR, Macquarie Group, Acquisition, Kingfisher County, Oklahoma, EOC, Kirkland & Ellis, Financial services, Financial adviser

The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.

Key Points: 
  • The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.
  • The $825mm Senior Secured Term Loan will close in conjunction with the closing of the Acquisition.
  • Kirkland & Ellis is serving as legal advisor for Mach.
  • Vinson & Elkins is serving as legal advisor and RBC Richardson Barr is serving as financial advisor for Sellers.

Veriten Closes Inaugural Energy Investment Fund

Retrieved on: 
Wednesday, October 18, 2023
Other Professional Services, Other Energy, Data Analytics, Oil, Gas, Alternative Energy, Energy, Consulting, Professional Services, TPH, Research, Mining, Stanford University, Water, Strategic planning, Thought, Government, Anadarko Petroleum, Partner (business rank), WPX Energy, Corporation, Wind, Electricity, Entrepreneurship, Mesa Natural Gas Solutions, EnCap Investments, Engineering, Friends, Hydrogen, Armstrong, Power, Plain, Business, Super Spike V'Ball/Nintendo World Cup, Ernst & Young, CFO, Investment, Corporate development, National Science and Technology Council, Treasurer, Renewable energy, Cryptocurrency, Policy

Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.

Key Points: 
  • Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.
  • Participants in the NexTen fund include select energy companies and financial institutions, current and former energy operations and finance professionals, family offices, and Veriten team members.
  • “All of us at Veriten have a passion for energy broadly and recognize the complexity and importance of getting the world’s energy systems right in a very critical time.
  • There is no one-size-fits-all strategy in the future energy world,” added Arjun Murti, Veriten Partner for Energy Macro and Policy.

Nosh.bio Leverages Ginkgo Strain Optimization Services to Enhance Meaty Taste of Mycoprotein

Retrieved on: 
Monday, October 2, 2023
Taste, DNA, Business development, Partnership, Red meat, Business, Fungus, Protein, Ginkgo Bioworks, Ginkgo, EnCap Investments, Mutagenesis, Entrepreneurship, Meat, Biomass, NYSE, Dietary supplement, Food preservation

Nosh.bio will leverage Ginkgo Strain Optimization Services to screen for protein-producing fungi strains with superior sensorial profiles.

Key Points: 
  • Nosh.bio will leverage Ginkgo Strain Optimization Services to screen for protein-producing fungi strains with superior sensorial profiles.
  • By leveraging Ginkgo's ultra high throughput encapsulated screening capabilities, the program aims to produce a mycoprotein that delivers a rich, savory, and natural meaty taste when used in food products.
  • Using such an improved strain can help Nosh.bio develop a mycoprotein that is superior in taste, color, performance, and nutrition.
  • To learn more about Ginkgo Strain Optimization Services, please visit https://www.ginkgobioworks.com/offerings/strain-optimization-services/ .

1979 Royalties, LP Announces Northern Midland Basin Minerals & Royalty Acquisition From Peacemaker Royalties, LP for $61 Million

Retrieved on: 
Thursday, September 28, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, EnCap, Vinson & Elkins, Acquisition, EnCap Investments, NRA, Total, Music, Financial adviser

1979 Royalties, LP (“1979 Royalties”) a subsidiary of Endeavor Energy Resources (“Endeavor”), today announced it has closed the acquisition of oil & gas mineral and royalty interests from Peacemaker Royalties, LP (“Peacemaker”), a portfolio company of EnCap Investments, LP (“EnCap”), in the Midland Basin, West Texas for $61 million in cash.

Key Points: 
  • 1979 Royalties, LP (“1979 Royalties”) a subsidiary of Endeavor Energy Resources (“Endeavor”), today announced it has closed the acquisition of oil & gas mineral and royalty interests from Peacemaker Royalties, LP (“Peacemaker”), a portfolio company of EnCap Investments, LP (“EnCap”), in the Midland Basin, West Texas for $61 million in cash.
  • The divested properties cover approximately 5,000 Net Royalty Acres (normalized to 1/8th royalty) (“NRA”) in Martin and Dawson Counties and are primarily operated by Endeavor and Ovintiv Inc., which recently completed its $4.275 billion acquisition of multiple Midland Basin operators including Peacemaker’s affiliated operating company PetroLegacy Energy II.
  • Vinson & Elkins served as legal advisor to 1979 Royalties.
  • Detring Energy Advisors served as exclusive marketing advisor to Peacemaker, and Davis, Gerald & Cremer served as its legal advisor.