Encino Energy

Encino Energy, LLC

Industry: Energy

Investment Date: February 2012

Headquarters: Houston, TX

Website: www.encinoenergy.com

Investment Overview:

Encino Energy (“Encino”) is a Houston-based oil and gas acquisition and development company.  Encino was founded in 2011 by Hardy Murchison and is focused on long-lived oil and gas investments primarily onshore in the U.S.  Encino acquires operated and non-operated oil and natural gas working interests, producing and non-producing mineral interests, and equity assets in small private energy companies.  Encino currently owns a collection of assets in Anadarko, Bakken, Eaglebine, Haynesville, Mississippian, Permian, Scoop, and Serbin plays in Louisiana, North Dakota, Oklahoma and Texas. 

 

 Transaction Background:

Platform had a long-standing relationship with Hardy Murchison, Encino’s Founder and President. Mr. Murchison had a successful career in E&P and investing, serving as Managing Director of First Reserve Corporation (“First Reserve”), a private equity company which invests in the energy industry, and as Vice President of Corporate Development at Range Resources, an independent oil and gas company. After leaving First Reserve, Mr. Murchison wanted to start and run an E&P company and was intrigued with Platform’s long-term investment strategy and perpetual structure.

After several discussions, Platform and Mr. Murchison decided to create a partnership where Platform would serve as the lead investor in Encino and assist in raising additional capital, as well as providing ongoing financial, operational and strategic advice. With Mr. Murchison’s successful track record and relationships, Encino quickly raised a significant amount of capital from several value-added shareholders, including a committed group of industry partners who serve as advisors to Encino. Encino is now actively deploying that capital with the goal of building a large, valuable oil and gas company over the long-term.