About Us

Based in Oklahoma City, Novo Oil and Gas is an experienced operator with a proven track record of execution and value creation. In mid-2023, Earthstone Energy announced the successful acquisition of Novo Oil & Gas Holdings, LLC strategically located Delaware Basin assets for $1.5 billion. 

Through our recapitalization in 2024 with EnCap Investments, today Novo is focused on immediate opportunities to grow in the Delaware Basin. Our company is led by a dedicated and tenured management team, and has the capital, technical expertise, and regional knowledge to aggressively pursue and develop assets in the Delaware Basin, a region known for high-quality, liquids rich, stacked pay zones. 

Financial Partner 

EnCap Investments logo

Novo has partnered with EnCap Investments to pursue opportunities in the Delaware Basin. Since 1988, EnCap Investments has been the leading provider of venture capital to independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $41 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by four Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, visit www.encapinvestments.com.