Jimmy Crain, partner at EnCap Investments, is today’s Forty Under 40 featured honoree.
Private-equity firm EnCap, whose upstream portfolio stretches across major U.S. basins in addition to midstream component EnCap Flatrock Midstream, is a prominent backer of North American oil and gas ventures.
Jimmy is a member of the leadership team in EnCap’s Dallas office that has 13 investment professionals and manages over $5 billion of active equity commitments to portfolio companies. He said his job is to “find the best and brightest management team members to run EnCap’s portfolio companies.”
“My biggest focus over the next five years is to do everything I can to help facilitate EnCap’s ongoing leadership transition and build on the incredible legacy of the firm and founders,” he said.
James Hackett has been named interim CEO at Alta Mesa and the leadership team of private equity portfolio advisory firm Meridian Energy will fill out the remaining C-Suite positions.
Company’s revolving credit facility increases to $100 million.
While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.