EnCap Investments is an American private equity firm, specializing in the energy industry, particularly oil & gas.

[2] In 2013, EnCap was ranked at #16 Private Equity International's PEI 300 list, with some $11.8 billion under management.

[6] In February, 2021, Grayson Mill Energy, a company backed by EnCap Investments, acquired Equinor's oil and gas assets in the Bakken Formation in North Dakota for a reported $900 million.

It was reported that Equinor held approximately 242,000 net acres in North Dakota at the time of the sale.

[7] Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power.