3 月，EnCap Investments 支持的 XCL Resources 向美国联邦贸易委员会 (FTC) 申请批准其收购 Altamont Energy。该申请是根据 EnCap Energy Capital Fund XI 于 2022 年与 FTC 达成的先前协议提出的，该协议要求私募股权集团出售 EP Energy 的犹他州石油业务。

美国联邦贸易委员会竞争局局长 Holly Vedova 表示，“如果没有此次资产剥离，盐湖城炼油厂很可能会面临尤因塔盆地原油价格上涨的问题，无论是来自 EnCap 本身，还是作为小集团的一部分，而且可能会试图将这些成本转嫁给消费者。”  

根据协议条款，EnCap 和 XCL 在收购犹他州杜申县、尤因塔县、犹他县、格兰德县、埃默里县、卡本县和瓦萨奇县的另一家日产量超过 2,000 桶的蜡质原油生产商之前，必须获得事先批准。

In March, EnCap Investments-backed XCL Resources petitioned the U.S. Federal Trade Commission (FTC) for approval of its acquisition of Altamont Energy. The petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.

“Without this divestiture, Salt Lake City refiners would likely have faced increased prices for Uinta Basin crude oil, whether from EnCap alone, or as part of a small group—and would likely try to pass on those costs to consumers,” said the FTC’s Bureau of Competition Director Holly Vedova.  

Terms of the agreement required EnCap and XCL to obtain prior approval before acquiring another producer of waxy crude with output of more than 2,000 bbl/d in the Utah counties of Duchesne, Uintah, Utah, Grand, Emery, Carbon and Wasatch.