Oklahoma City-based Novo Oil & Gas recently announced the launch of Novo Oil & Gas Holdings II with equity capital commitment from EnCap Investments. The new upstream energy company will pursue proven, liquids-rich unconventional assets in Permian Basin. Novo II intends to pursue both operated and non-operated mineral positions in Delaware Basin. John Zimmerman is CEO, Brandon Patrick is president and CCO, and Kurt Shipley is COO.
Zimmerman said April 23, “We are excited to once again focus on the acquisition and development of high-quality upstream assets throughout the Delaware Basin, one of the most prolific oil and gas regions in North America.”
The original Novo Oil & Gas was formed in 2016 and developed assets in northern Delaware Basin. It was acquired by Earthstone Energy and Northern Oil and Gas in 2023 for $1.5 billion.