Drilling Permits (TX): Multiple EnCap-backed firms staying busy


[Context: On March 22, the Railroad Commission of Texas approved 32 new drilling permits, 8 (25%) of which are PE-related. EnCap-affiliated firms are staying busy, including Earthstone in the Eagle Ford, Piedra Resources in the Midland Basin and Laredo Energy in South Texas. Ares Management-backed Blackbrush Oil & Gas also looks to drill in South Texas.]

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