Scala Energy LLC announces the closing of an equity commitment of $500 million from EnCap Investments, L.P.
Scala Energy is a Houston based oil and gas company focused on acquisition and development in liquid rich unconventional resource basins in the U.S. onshore. The Scala management team is comprised of former executives of Marathon Oil and HighMount Exploration and Production with a combined average industry and executive management experience of 28 years and 15 years respectively. Steve Hinchman, Scala Energy’s President and CEO said, “We are excited to have EnCap as our equity partner. With their long history of value creation through industry cycles and a balanced commercial and technical approach we believe that Scala Energy and EnCap creates a strong partnership.”
“Our investment in Scala Energy provides EnCap with a strong management team having a proven track record of value creation across the upstream value chain,” said Gary Peterson, Managing Partner of EnCap. “We look forward to building a successful and lasting partnership with Steve Hinchman and his team.”
Since 1988, EnCap Investments, has been the leading provider of growth capital to the independent sector of the U.S. oil and gas industry. The firm has raised 19 institutional oil and gas investment funds totaling $27.5 billion and currently manages capital on behalf of more than 400 U.S. and international investors. EnCap professionals represent more than 250 years of experience in energy finance and investment business. EnCap has a proven track record, having successfully invested with approximately 220 upstream and midstream oil and gas companies.