Finance & Investing | Top Story | New Company / Start-Ups | Capital Markets | IPO News | Private Equity Activity
Permian E&P Worth $3.0 Billion Preps for IPO
Print
|
Double Eagle Energy Permian LLC is preparing to file its IPO, according to multiple reports.
The company hit the scene as a result of a merger deal between Double Eagle and Veritas Energy Partners.
The company, based in Fort Worth, Texas, is rumored to be worth approximately $3.0 billion ahead of its filing ('unicorn' companies are private entities that carry a net worth of over $1.0 billion).
Double Eagle Energy Permian LLC has more than 63,000 core Midland Basin net acres (over 70% operated) located predominantly in Midland, Martin, Howard and Glasscock counties, and a team with extensive experience drilling and operating wells in the region.
The Double Eagle group of companies was started in 2009 by John Sellers and Cody Campbell through an equity investment by Apollo Global Management.
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More IPO News News
Peak Resources Pumps the Brakes on IPO
On November 13, 2024, Peak Resources L.P., a Wyoming-based oil and gas company, quietly hit pause on its plans to go public. The limited partnership, known for its…
New E&P Files to Go Public; Looking to Raise Millions
Liberty Resources Acquisition, a blank check E&P company, filed on Friday with the SEC to raise up to $100 million. The company is led by CEO and Chairman…
New Startup E&P Company Files IPO to Raise $350 Million
The blank check company will be looking to raise $345 million in the IPO, offering 34,500,000 units at $10/share. It is led by an executive who sold his…
Former Permian Execs Launch New E&P Company
Former RSP Permian Inc. executives Scott McNeill, Jim Mutrie and Josh Rosinski with the backing on NGP have launched a new blank-check / SPAC (Special Acquisition Company). This…
Brigham Minerals Upsizes IPO to $261 Million
Brigham Minerals, Inc. has upized its IPO of 14,500,000 shares of its stock at $18.00 per share - which totals to $261 million (net proceeds of $240.6 million).…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…