Akin Gump Advises Grenadier Energy Partners, LLC in $350 Million Equity Commitment from EnCap Investments

(Dallas) - Grenadier Energy III, LLC has announced the closing of an initial $350 million equity commitment from EnCap Investments L.P., a leading provider of growth capital to the independent sector of the U.S. energy industry. A team from Akin Gump advised Grenadier, an upstream exploration and production company

The divested assets included more than 18,000 net acres and roughly 9,000 barrels of oil or gas equivalent per day from a successful horizontal development program in the Wolfcamp and Spraberry formations.

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Wesley Williams, co-head of Akin Gump's energy team, and counsel Sarah Withers advised Grenadier in the transaction.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

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