EnCore Permian is backed by a large private capital firm with over $8 billion in assets and West Texas roots. Founded by JD Smith (Big Spring, Texas) and Josh Lorenz (Midland, Texas) as a successor to PetroLima, LLC, EnCore Permian is an operational expansion of leasehold and mineral acquisition strategies into an upstream exploration and production company. EnCore operates wells in the Midland Basin and is aggressively expanding its acreage positon in the Delaware Basin in unconventional oil & gas resources in the Wolfcamp Shale, the world’s largest oil and gas deposit.