Sabalo Energy II Secures Initial $300 Million Equity Commitment From EnCap Investments
Vinson & Elkins advised EnCap Investments LP (“EnCap”), a leading provider of growth capital to the independent sector of the U.S. energy industry, in a $300 million equity commitment to Sabalo Energy II, LLC (“Sabalo”), an upstream exploration and production company focused on the acquisition and development of large-scale unconventional oil and gas assets.
The equity commitment marks the second investment by EnCap in Sabalo.
The V&E corporate team was led by partner Matt Strock and senior associate Mike Marek, with assistance from associate Houston Morgan. Also advising was partner John Lynch and associates Dan Henderson and Sarah Coe; and partner David D’Alessandro and associate Mary Daniel Morgan.
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