EnCap Investments LP is doubling down on oil and gas minerals and royalties with a second infusion of equity in Fort Worth-based Pegasus Resources LLC.

Pegasus, a mineral and royalty company focused primarily in the Permian Basin, said Feb. 11 it had secured the additional equity commitment from EnCap of $300 million, bringing EnCap’s total commitment in the company to $600 million.

The move by EnCap comes less than a week after the private-equity firm agreed to sell its stake in oil and natural gas minerals and royalties controlled through Phillips Energy Partners to Kimbell Royalty Partners LP (NYSE: KRP).

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