David B. Miller is Co-Founder and Partner of EnCap Investments, L.P., the leading provider of private equity capital to the oil and gas industry.
Mr. Miller attended Southern Methodist University on a basketball scholarship and was a member of the Mustangs 1972 Southwest Conference Championship team. He received his BBA and MBA degrees in 1972 and 1973, respectively.
Mr. Miller has been a member of the Board of Trustees at SMU since 2008, and currently serves as its Chairman. He is a recipient of Distinguished Alumni Awards from both SMU and the Cox School of Business, and in 2009 was honored with the Silver Anniversary Mustang Award by the SMU Lettermen’s Association.
Mr. Miller began his business career in 1973 as an energy lender with Republic Bank of Dallas, ultimately serving as Vice President and Manger of Republic Energy Finance Corp. In 1980, Mr. Miller co-founded MAZE Exploration Inc., a Denver-based oil and gas company, where he served as Co-CEO until its sale in 1986. Then in 1987 he partnered with legendary Dallas oilman, Frank Pitts, in the formation of PMC Reserve Acquisition Co.
In 1988, in the midst of the severe global energy crisis, Mr. Miller wrote the business plan for and subsequently co-founded EnCap Investments. Since its inception, EnCap has raised 25 funds and managed $43 billion for some 350 major institutional investors. During that time period, the firm has played an instrumental role in the formation, capitalization and successful growth of some 250 independent energy companies.
In 2004, Mr. Miller was appointed to the National Petroleum Council, an advisory body to the Secretary of Energy. Mr. Miller was inducted into the Rocky Mountain Oil and Gas Hall of Fame and the Dallas Business Hall of Fame in 2014 and 2015, respectively. In 2017 he received the L. Frank Pitts Energy Leadership Award from the Maguire Energy Institute. He and the other three co-founders of EnCap were recently honored as members of the inaugural class of inductees into Oil and Gas Investor Magazine’s Hall of Fame.
Mr. Miller and the Miller Family Foundation support numerous charities. He serves on the Board of Directors of the George W. Bush Foundation, UT Southwestern Medical Foundation, Methodist Health System Foundation and the National Association of Basketball Coaches Foundation, and previously chaired the Boards of Goodwill Industries of Dallas and The Senior Source of Greater Dallas.
Mr. Miller was honored with the Volunteer Center’s Lifetime Achievement Award in 2013, and in 2017 he was recognized by Methodist Health System Foundation with the Robert S. Folsom Leadership Award.