Houston · Seed–Late Stage · 12 people tracked
Also known as ENCAP ETF MANAGEMENT, LLC · ENCAP INVESTMENTS L.P.
Find your way into EnCap Energy Transition
Investment thesis
EnCap invests in the energy sector across upstream, midstream, and energy transition platforms, backing seasoned management teams with proven track records, strong technical and operational skills, and well-defined business plans. The firm applies a conservative, disciplined approach to deploying capital in incremental stages as business plans prove themselves. It favors experienced teams that value strong stakeholder relationships and limits leverage to balance capital preservation with value creation. EnCap also targets early-stage opportunities where its sector expertise adds value, and continues to identify attractive segments including those arising from the global transition to a lower-carbon energy system. ESG factors are integrated into its investment decision-making.
Source: firm website, verified Sep 15, 2026.
Team · 12 people
from the firm's website & public directories
What they invest in
from 31 of 53 portfolio companiesEnergy ×31Cleantech ×10Climate Tech ×7Logistics & Supply Chain ×6Data & Infrastructure ×1Enterprise Software ×1Hardware ×1IoT ×1
HQs:United States×27Australia×1
Investments · 53 tracked
founders shown can be your intro pathAither Systems manufactures and manages distributed energy resources including microgrids and renewable energy storage systems.
CleantechEnergyHardwareIoT
Mr. BultKen BultJim Conigliaro(Chief Technology Officer)
Catalyze develops, finances, builds, owns, and operates on-site renewable energy systems — combining solar, storage, and EV charging — for commercial and industrial real estate owners and operators across national portfolios in the US, with no upfront capital cost to the property owner.
CleantechClimate TechEnergyPropTechSaaSMadison, US
Mohan Balachandran(Executive Officer, Director)Travis Good(Executive Officer, Director)
BoardMark Bakken(Director)James Burgum(Director)inDon Layden(Director)
Co-investorsInnosphere VenturesArthur VenturesBaird Venture PartnersChicago VenturesLewis & Clark Ventures
Double Eagle Energy V is an oil and gas company that acquires leasehold interests and mineral royalties and pursues development projects, focused on the Permian Basin and operating across Texas, the Rockies, and the Mid-Continent.
EnergyFort Worth, US
Co-investorsElda River
Moda Midstream is an independent logistics provider specializing in midstream infrastructure, including marine terminals, crude storage, and pipeline assets serving the energy and petrochemical industries.
EnergyLogistics & Supply ChainKingwood, US
Co-investorsEnCap Flatrock Midstream
Novo Oil and Gas is an oil and gas operator focused on developing assets in the Delaware Basin, leveraging technical expertise and capital to extract from liquids-rich formations.
EnergyOklahoma City, US
PennEnergy Resources is an independent oil and gas company focused on acquiring and developing unconventional shale resources in the Appalachian Basin.
CleantechEnergyPennsylvania, US
Richard D. Weber(Founder)inGregory D. Muse(Founder)
Solar Proponent operates in the energy sector, though the page provides limited detail on specific business operations or market focus.
CleantechClimate TechEnergyAustin, US
Cassandra Rinaldo(Chief Executive Officer and Solar Proponent Board Member)
Swordfish Energy operates in upstream oil and gas, focusing on asset acquisition, development, and operations.
EnergyHouston, US
Marcos Briceno(Founder & CEO)Patrick Sherman(Founder & CFO)
Co-investorsPEARL ENERGY INVESTMENTS
Verdun Oil Company is a privately held oil and gas exploration and production company that acquires, develops, and produces assets in the Eagle Ford shale and Austin Chalk trends in South Texas.
EnergyHouston, US
Tim Nein(President & CEO)Jason LaGrega(Executive Vice President of Drilling and Completions)Will Rider(Executive Vice President of Land & Business Development)Martin Perez(Executive Vice President of Engineering)
Ridge Runner Resources II is a privately held oil and gas company focused on acquisition, optimization, and development of unconventional assets in the Permian Basin.
EnergyHouston, US
Scott Germann(Co-Chief Executive Officer)Brian Cassens(Co-Chief Executive Officer)
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Aspen Midstream operates a portfolio of natural gas transmission, gathering, processing, and related infrastructure assets serving oil and gas producers across North America.
EnergyLogistics & Supply ChainDallas, US
Co-investorsEnCap Flatrock Midstream
Brazos Midstream is a midstream services provider operating in the Permian Basin's Midland Basin, serving oil and gas producers and operators.
Energy
Co-investorsEnCap Flatrock Midstream
Clearfork is a midstream oil and gas company with leadership possessing over 105 years of combined industry experience.
EnergyFort Worth, US
Kipper OverstreetBrent Worthy(CFO)
Co-investorsEnCap Flatrock Midstream
Dunamis Energy develops and operates oil and gas assets in Colorado with backing from EnCap Energy Capital Fund XII.
CleantechEnergyColorado, US
John McCready(CEO)in
Co-investorsEnCap Energy Capital
Edgewater Midstream provides midstream services to the producing community, leveraging combined management and engineering expertise across its partner team.
EnergyLogistics & Supply ChainHouston, US
Co-investorsEnCap Flatrock Midstream
Encino Environmental Services provides emissions performance testing, detection, quantification, monitoring, and mitigation solutions for the oil and gas industry and other industrial and critical infrastructure operations.
CleantechClimate TechEnergyEnterprise Software
Greenfield operates midstream infrastructure projects with a management team experienced across major U.S. basins, serving oil and gas producers.
EnergyLogistics & Supply ChainHouston, US
Chris Coxon(CEO)in
Co-investorsEnCap Flatrock Midstream
Grenadier Energy Partners is an energy company focused on oil and gas exploration, development, and production across major US shale basins including the Barnett Shale, Marcellus Shale, and Permian Basin.
EnergyFort Worth, US
Patrick J. Noyes(Founder, President and CEO)Kyle Noyes(President and Chief Operating Officer)
Linea Energy develops renewable energy projects including solar, wind, and battery energy storage systems.
CleantechClimate TechEnergy
Cassidy DeLine(Chief Executive Officer)inJacob Steubing(Chief Commercial Officer)in
Manchester Energy develops and operates a diversified energy logistics platform focused on midstream infrastructure and energy solutions.
CleantechClimate TechEnergyLogistics & Supply ChainHouston, US
Khalid A. Muslih(Chief Executive Officer)inForrest E. Wylie(Executive Vice President, Strategy and Commercial)
Co-investorsEnCap Flatrock Midstream
Mantle Reach Power develops and operates utility-scale renewable energy projects, including wind, solar, and battery storage facilities across North American power markets.
CleantechClimate TechEnergy
Nick Karambelas(Chief Executive Officer)Luke Pangman(Chief Legal Officer, Head of Transactions)Paul Rapp(Chief Operating Officer, Head of Engineering)
Momentum Midstream builds and operates critical midstream infrastructure for transporting oil and natural gas across major U.S. supply basins.
EnergyGulf Coast, US
Co-investorsEnCap Flatrock Midstream
Paloma Natural Gas is an independent exploration and production company focused on developing and producing natural gas, primarily in the Louisiana Haynesville region.
Energy
Paloma Resources is an oil and gas exploration and production company operating across multiple onshore and offshore basins including the Permian, Haynesville, and Eagle Ford shale formations.
Energy
Christopher N. O'Sullivan(President & Founder)
Parliament Energy develops, builds, and manages utility-scale solar energy projects, including its 640MWdc Parliament Solar project in Waller County, Texas, which powers roughly 88,000 homes annually.
CleantechClimate TechEnergyHouston, US
Plains All American operates energy infrastructure in North America, delivering midstream energy services to communities and customers while generating returns for investors.
EnergyLogistics & Supply Chain
Co-investorsStonepeak
Sabalo II Energy is an exploration and production company that acquires and develops upstream oil and gas assets.
EnergyCorpus Christi, US
Tumbleweed Royalty acquires mineral, royalty, and overriding royalty interests in the Permian Basin across Texas and New Mexico.
Energy
John SellersCody Campbell
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Black Swan Oil & GasCardinalmpDouble Eagle IVEncino Environmental ServicesEnduring Resources IVFrontier EnergyGrayson Mill EnergyGrenadier Energy IIINovo Oil & GasPaloma Partners IVPegasus Resources IIPegasusresourcesPetroLegacy Energy IIPiedra Resources IIIPiedra Resources IVQuanticainfraRangelandmidstreamRidge Runner IISabalo Energy IITumbleweed Royalty IVX2 ResourcesX2R
Exits · 8
8 acquisitionsBlack Swan Oil & Gasacq. by Ovintiv Inc.Double Eagle IVacq. by Diamondback Energy, Inc.Novo Oil & Gasacq. by Earthstone Energy, Inc. (with Northern Oil and Gas, Inc. co-acquiring a working interest)Paloma Partners IVacq. by Mach Natural Resources LPPetroLegacy Energy IIacq. by Ovintiv Inc.Piedra Resources IIIacq. by Ovintiv Inc.Piedra Resources IVacq. by Ovintiv Inc.Tumbleweed Royalty IVacq. by Viper Energy, Inc. (Diamondback Energy subsidiary)
Portfolio news
latest coverage across their companiesPennEnergy Resources · marcellusdrilling.com · Oct 29, 2025
Public market activity · per SEC filings
what is this? ⓘ58 insider ownership filings (Forms 3/4/5)
Files 13F institutional holdings reports · latest Aug 2026
From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.
Frequently asked questions
- How many investments has EnCap Energy Transition made?
- EnCap Energy Transition has 53 tracked investments, 8 of which have exited, including 1 dated in the last 24 months.
- What stage does EnCap Energy Transition invest at?
- EnCap Energy Transition invests at the Seed, Growth, Late Stage stages.
- What sectors does EnCap Energy Transition focus on?
- EnCap Energy Transition focuses on Cleantech, Climate Tech, Energy.
- Where is EnCap Energy Transition located?
- EnCap Energy Transition is headquartered in Houston, US.
- Who does EnCap Energy Transition co-invest with?
- EnCap Energy Transition most often shares deals with EnCap Flatrock Midstream, Innosphere Ventures, Stonepeak, among 3 tracked co-investors.
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