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XCL Resources is financially backed by equity commitments from EnCap Investments L.P., Rice Investment Group, private investors and the XCL Resources management team.

Since 1988, EnCap Investments has been the leading provider of growth capital to the independent sector of the U.S. oil and gas industry. The firm has raised 21 institutional oil and gas investment funds totaling more than $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. EnCap has consistently generated superior returns across multiple industry and hydrocarbon price cycles by applying a lower-risk, disciplined philosophy that balances capital preservation and value creation. For more information, visit EnCap’s website.


Led by the former Rice Energy management team, Rice Investment Group (“RIG”) is a $200 million multi-strategy fund investing in all verticals of the oil and gas sector with a focus on partnering where RIG’s operational, technical, and strategic experience add value.  For more information, visit RIG’s website.

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