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Judge 
Party 
Law Firm EnCap/EP Energy, In the Matter of
C-4760 | Federal Trade Commission
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Filed
March 25, 2022
Case Flags
Competition,
Bureau of Competition,
Merger,
Horizontal,
oil and gas competition,
Energy,
Gasoline,
and
Petroleum
FTC Matter/File Number
2110158
Case Summary
The Federal Trade Commission will require the divestiture of energy producer EP Energy Corp.’s entire business and assets in Utah. The divestiture will resolve the agency’s allegations that EnCap Energy Capital Fund XI, L.P.’s proposed $1.445 billion acquisition of EP Energy Corp. would eliminate head-to-head competition between two of only four significant producers and otherwise harm competition for the sale of Uinta Basin waxy crude oil to Salt Lake City refiners. According to the complaint, the proposed acquisition could also increase the likelihood of collusion or coordination among the remaining competitors in the Uinta Basin. On Sept. 14, 2022, the Commission announced the final consent agreement in this matter.
On July 7, 2025, The Federal Trade Commission approved in part and denied in part a petition to modify the final consent order in this matter.
The Federal Trade Commission will require the divestiture of energy producer EP Energy Corp.’s entire business and assets in Utah. The divestiture will resolve the agency’s allegations that EnCap Energy Capital Fund XI, L.P.’s proposed $1.445 billion acquisition of EP Energy Corp. would eliminate head-to-head competition between two of only four significant producers and otherwise harm competition for the sale of Uinta Basin waxy crude oil to Salt Lake City refiners. According to the complaint, the proposed acquisition could also increase the likelihood of collusion or coordination among the remaining competitors in the Uinta Basin. On Sept. 14, 2022, the Commission announced the final consent agreement in this matter.
On July 7, 2025, The Federal Trade Commission approved in part and denied in part a petition to modify the final consent order in this matter.
Case Type
Administrative
Status
Pending
Last Updated: 5 days, 6 hours ago
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