EnCap Fund XII

EnCap Investments Closes Fund XII at $5.25 Billion; On The Shelf: Strawn Wells an Independent Paradise or Graveyard?; Arkansas May Have Vast Lithium Reserves, Researchers Say; Corpus Christi now ranks third globally in oil export capacity.

Good morning. EnCap annoucned the close of $5.25B Fund XII. In the news Hart Energy had a good article about the Strawn play in WTX. NYT published about potential 'vast' lithium resource in Arkansas (as if Ark-La-Tex wasn't getting enough Li attention). And finally Port of Corpus Christi is now ranked 3rd globally in oil export capacity. Let's drill down!

Daily Headlines

  • On The Shelf: Strawn Wells an Independent Paradise or Graveyard? Hartenergy$$$

  • Arkansas May Have Vast Lithium Reserves, Researchers Say Nytimes 

  • EU natural gas storage hits 95% ahead of winter demand. Oil & Gas 360

  • Corpus Christi now ranks third globally in oil export capacity. OilPrice

  • Geopolitical risks aren't moving oil prices despite escalations. OilPrice

  • Pipeline capacity for data centers rises amid energy demand. Financial Times$$$

Deal Flow

M&A/Investment

  • Elliott defends Citgo offer in the face of creditors' objections Reuters$$$

  • Nigeria approves the sale of Exxon’s onshore assets to Seplat. Bloomberg

  • Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit Financial Times$$$

Fundraising

  • EnCap Investments Closes Fund XII at $5.25 Billion businesswire

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