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M&A Deal Summary

EnCap Investments Acquires Goodrich Petroleum

On November 22, 2021, growth capital firm EnCap Investments acquired oil/gas exploration company Goodrich Petroleum for 480M USD

Acquisition Highlights
  • This is EnCap Investments’ 103rd transaction in the Oil/Gas Exploration sector.
  • This is EnCap Investments’ 4th largest (disclosed) transaction.
  • This is EnCap Investments’ 104th transaction in the United States.
  • This is EnCap Investments’ 78th transaction in Texas.
Investment Fate
  • Goodrich Petroleum was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2021-11-22
Target Goodrich Petroleum
Sector Oil/Gas Exploration
Buyer(s) EnCap Investments
Deal Type Going Private
Deal Value 480M USD
Advisor(s) TPH & Co. (Financial)
Vinson & Elkins (Legal)

Target

Goodrich Petroleum

Houston, Texas, United States
Goodrich Petroleum is an independent exploration and production company engaged in the exploitation, development and production of natural gas. Goodrich Petroleum was founded in 1995 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.

DEAL STATS #
Overall 106 of 110
Sector: Oil/Gas Exploration M&A 103 of 106
Type: Going Private M&A Deals 1 of 1
State: Texas M&A 78 of 82
Country: United States M&A 104 of 108
Year: 2021 M&A 4 of 4
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Sabalo Energy II

Corpus Christi, Texas, United States

Sabalo Energy II is an upstream exploration and production company focused on the acquisition and development of large-scale unconventional oil and gas assets. Sabalo Energy II is based in Corpus Christi, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Goodrich Petroleum

Houston, Texas, United States

Goodrich Petroleum is an independent exploration and production company engaged in the exploitation, development and production of natural gas. Goodrich Petroleum was founded in 1995 and is based in Houston, Texas.

Sell -
Mergr

Product

Company

Legal