⚖️EnCap Investments Seeks FTC Order Modification for Business Flexibility
Petition of EnCap Investments L.P., et al., To Reopen and Modify Order
Summary
EnCap Investments L.P. ("EnCap"), EnCap Energy Capital Fund XI, L.P., Verdun Oil Company II LLC ("Verdun"), XCL Resources Holdings, LLC ("XCL"), and EP Energy LLC ("EP Energy") have asked the Federal Trade Commission ("FTC" or "Commission") to reopen and set aside the Commission's Decision and Order entered on September 13, 2022, to remove certain prior approval requirements. Publication of their petition is not intended to affect its legal status or its final disposition.
Agencies
- Federal Trade Commission
Business Impact
$$$ - High
The text discusses a petition by EnCap Investments to modify a prior order from the FTC that imposes approval requirements on business acquisitions. Removing these requirements would facilitate more transactions and potentially increase competition and investment, impacting oil and gas operations significantly. This poses direct regulatory implications for companies in the energy sector.