Devon Energy to buy EnCap-backed Grayson Mill’s Williston assets for $5bn
This has created a favorable environment for firms like EnCap to cash out on assets. In June, the private equity firm sold some shale assets of XCL Resources for about $2 billion. Reuters reported in January that the firm planned to sell Grayson Mill, a major Bakken-focused energy producer in North Dakota, Montana, and the Powder River Basin
