Pegasus Resources, LLC, a mineral and royalty company based in Fort Worth, Texas, has secured a second $300 million equity commitment from EnCap Investments L.P.

EnCap’s total commitment to Pegasus is now $600 million. Pegasus received the initial commitment of $300 million from EnCap in November 2017. Pegasus focuses on acquisition and management of mineral and royalty properties in the core of the Delaware and Midland Basins.

“Our goal at Pegasus has always been to create long-term value by building a portfolio of mineral and royalty interests with sustainable, multi-generational growth potential,” said Pegasus Chief Executive Officer George M. Young Jr.

“We look forward to continuing our successful partnership and being part of ...

Legal Notice