Private credit lenders have provided Enverus with a $400 million delayed draw term loan, building on the roughly $3 billion financing package arranged in December, according to people familiar with the matter. Blackstone Inc. backs the energy software company, which provides data analytics and operational solutions to the oil and gas industry.

The additional funding comes as Enverus continues to expand its technology platform and pursue strategic acquisitions in the energy technology sector. The delayed draw structure gives the company flexibility to access capital as opportunities arise, rather than receiving the full amount upfront.

This latest credit facility demonstrates strong lender confidence in Enverus's business model and growth prospects. The company has been actively consolidating the fragmented energy software market, positioning itself as a dominant player in digital solutions for the oil and gas industry.