Novo Oil & Gas II Receives Equity Capital Commitment from EnCap Investments
Novo Oil & Gas today announced the launch of Novo Oil & Gas Holdings II, LLC (Novo II) with an equity capital commitment from EnCap Investments .
- Novo Oil & Gas today announced the launch of Novo Oil & Gas Holdings II, LLC (Novo II) with an equity capital commitment from EnCap Investments .
- Novo II intends to pursue both operated and non-operated mineral positions.
- The Novo II team has worked together for years, as all in-house Novo II employees previously held roles at Novo I.
- Novo I was acquired by Earthstone Energy, Inc. and Northern Oil and Gas, Inc. in August, 2023, for $1.5 billion.