EnCap Investments completed the investment in Novo Oil & Gas.

EnCap Investments, a provider of venture capital to the independent sector of the US energy industry, completed the investment in Novo Oil & Gas, a privately held oil and natural gas company. Financial terms were not disclosed. “We are excited to once again focus on the acquisition and development of high-quality upstream assets throughout the Delaware Basin, one of the most prolific oil and gas regions in North America. EnCap has been a trusted partner for more than a decade, and we are grateful for their continued support as we leverage our existing relationships and expertise to drive value through innovative exploration, drilling and completion techniques," John Zimmerman, Novo Co-Founder and CEO.