Encino Acquisition Partners secures a US$300 million investment from CPP Investments to accelerate the development of the high-return Utica oil play in North America.

Information on the Target

Encino Acquisition Partners, LLC (EAP), located in Houston, Texas, is strategically positioned to lead in the oil and gas sector, emphasizing a commitment to sustainability and a strong portfolio of high-quality assets. Established in 2017, EAP was founded with the backing of Canada Pension Plan Investment Board (CPP Investments) and Encino Energy, focusing on acquiring and developing superior assets characterized by a solid production base and an extensive, low-cost development inventory across the contiguous United States.

The company's current focus is on the Utica oil play, which is recognized as one of the most lucrative growth areas for oil production in North America. With a follow-on equity investment of US$300 million from CPP Investments, EAP is poised to expedite the development of this high-potential resource.

Industry Overview

The North American oil and gas industry has experienced a remarkable resurgence due to technological advancements and an upsurge in domestic production capabilities. The Utica oil play