Encino Acquisition Partners, LLC announces a follow-on equity investment commitment of US$300 million from Canada Pension Plan Investment Board. EAP and CPP Investments anticipate that US$150 million will be funded by the end of April. The investment supports EAP’s accelerated development of the Utica oil play, one of the highest-return oil growth plays in North America.
About Encino Acquisition Partners
Encino Acquisition Partners (“EAP”) is headquartered in Houston, Texas, and is building a world-class oil and gas company with a strong focus on sustainability, a diverse portfolio of assets, and robust full-cycle margins. EAP was formed in 2017 with a commitment from CPP Investments and Encino Energy to focus on driving long-term investor returns by acquiring and developing high-quality assets with an established base of production and a large, low-cost development inventory across the lower 48 states of the United States.
