New Company / Start-Ups | Capital Markets
New E&P Company Just Raised $2.0 Billion, Hunting for Assets.
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Double Eagle Energy Holdings V, LLC is the latest venture from Fort Worth-based Double Eagle Energy, co-founded by Cody Campbell and John Sellers. Launched in April 2025, Double Eagle V focuses on acquiring and developing oil and gas properties in the Permian Basin, particularly the Midland Basin. This initiative follows the successful sale of Double Eagle IV's Midland Basin assets to Diamondback Energy for $4.08 billion in cash and stock.
Equity Commitment and Strategic Partners
Double Eagle V and its sister company, Tumbleweed Royalty V, have secured a combined $2.5 billion in equity commitments. The funding comes from a consortium of investors,
EnCap Investments L.P. Elda River Capital Management Affiliates of Apollo Global Management, Inc.Tumbleweed V will focus on royalty and…
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