Oil Price Privately-held Permian basin producer Double Eagle is reportedly considering the sale of assets potentially worth more than $6.5 billion, including debt, Reuters reported on Wednesday, citing unnamed sources. Reuters’ sources said they were anticipating the official start of the sale in the second half of this year, with existing Permian operators expected to be the most likely buyers
Newly formed DoublePoint Energy LLC holds one of the largest private land positions in the core of the Midland Double Eagle Energy Holdings III of Ft. Worth and Denver’s FourPoint Energy have formed DoublePoint Energy LLC, a new pure-play Midland Basin company with more than 70,000 acres in Midland, Glasscock, Martin, Howard, Upton and Reagan Counties. The assets of the new company are a combination of Double Eagle’s existing Midland Basin acreage
Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: APO). Double Eagle’s equity commitments will support the company’s ongoing acquisition and development initiatives in the Permian Basin and will
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