American Oil and Gas Reporter - December 2024 - 78

IndustryFocus: Companies, People and Products
EnCap Fund Reaches Cap With Investors Old And New
HOUSTON-EnCap Investments LP
announces it has successfully closed EnCap
Energy Capital Fund XII LP with
capital commitments of $5.25 billion,
exceeding its initial target and hitting
its hard cap. Inclusive of $1.2 billion of
co-investment thus far, the firm has
raised a total of $6.4 billion associated
with Fund XII.
EnCap notes it has a long history of
providing growth capital to management
teams focused on the upstream sector of
the oil and gas industry in North America.
According to the firm, Fund XII currently
includes investments in twelve portfolio
companies, 10 of which are managed by
teams the firm has partnered with successfully
in previous funds.
" We are pleased to announce the closing
of Fund XII, significantly exceeding
our initial target and ultimately hitting
the hard cap, " comments Managing Partner
Doug Swanson. " We see this fundraise
Ladder Safety Month
as a strong demonstration of support for
our longstanding investment strategy and
are extremely grateful to our long-term
investors who partnered with us in Fund
XII. We are also very excited to add a
significant number of high-quality new
investors as partners, with approximately
40 percent of the capital commitments
stemming from new relationships with
both institutional investors and large
family offices. "
Vinson & Elkins served as legal counsel
to EnCap in the formation of Fund XII,
EnCap mentions.
For more information, visit www.encapinvestments.com.
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Coming
Up In March
CLEVELAND-The theme of the
2025 National Ladder Safety Month is
" Every Step Matters, " the American Ladder
Institute announces. It says the months
leading up to March's National Ladder
Safety Month are crucial because the
milestone month does more than amplify
a safety message-it also celebrates message
penetration and accident reduction.
The goals of National Ladder Safety
Month are to raise awareness of ladder
safety, decrease injuries and fatalities
caused by ladder misuse.
For more information about ladder safety,
visit www.americanladderinstitute.org. ❒
SCS Technologies Uses Microsoft RealWear Gear
HOUSTON-SCS Technologies announces
it has adopted Microsoft RealWear
Navigator Z1 for its Factory Acceptance
Tests (FATs). The company, a
ONEOK Foundation Aids Ranchers In North Dakota
TULSA-The ONEOK Foundation
has donated $100,000 to the North
Dakota Stockmen's Association and
the North Dakota Stockmen's Foundation
Out of the Ashes Wildlife Disaster
Relief Program.
The ONEOK Foundation says the
relief fund, established to provide assistance
and offset losses for impacted
cattle producers following historic North
Dakota wildfires, has reached
$723,114.56 with this contribution.
" We're honored to help support our
neighboring ranchers and landowners
who faced devastating losses, " says
❒
Pierce H. Norton II, president and chief
executive officer of ONEOK and chairman
of the ONEOK Foundation Board
of Directors. " The courage and commitment
of the first responders, volunteers
and employees who selflessly faced
personal danger to protect our community
demonstrated our core value of service.
I want to personally thank them for
their efforts. "
Extreme weather conditions in early
October contributed to the spread of
multiple wildfires across North Dakota,
the ONEOK Foundation recalls, with
about 126,000 acres affected.
provider of carbon dioxide measurement
systems, methane vapor recovery units
and petroleum lease automatic custody
transfer units, says it now can conduct
FATs remotely, increasing productivity
while saving time and money.
As an early adopter of Microsoft's industrial
wearable technology, SCS Technologies
says it can conduct virtual inspections
to eliminate the need for expensive
business travel while still providing
live, interactive FATs, including:
· Piping and instrumentation diagram
walkthroughs;
· Powered instrumentation checks;
· Valve cycling;
· Customer-directed inspections; and
· Panel wire inspections.
" SCS Technologies is dedicated to pioneering
solutions that elevate customer
value and reduce our environmental impact, "
says Anthony Gilliland, the company's
vice president of sales. " The adoption
of Microsoft RealWear in our product
rollout process is a testament to this dual
focus. By leveraging the cutting-edge
RealWear technology, we can connect
with a broader team during FAT, enhancing
the thoroughness of these evaluations
while minimizing carbon emissions and
resource usage. "
To enhance the insights provided by
Representatives from ONEOK, on behalf of the ONEOK Foundation, present the North
Dakota Stockmen's Association and the North Dakota Stockmen's Foundation with a
$100,000 donation to the Out of the Ashes Wildfire Disaster Relief Program for impacted
cattle producers following historic North Dakota wildfires.
78 THE AMERICAN OIL & GAS REPORTER
RealWear technology, SCS Technologies
says it offers customers static camera
views for a comprehensive Multiview testing
experience. Additionally, it continues,
detailed checklists and sign-off sheets
ensure a thorough FAT evaluation before
the unit is shipped to the customer's site.
For more information, visit www.scstechglobal.com.
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http://www.encapinvestments.com http://www.encapinvestments.com http://www.americanladderinstitute.org http://www.scstechglobal.com http://www.scstechglobal.com
American Oil and Gas Reporter - December 2024

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