One-Page Deal Sheet
Double Eagle, Veritas Energy Partners Merge, 63,000 Midland Basin Acres
Double Eagle Energy Permian LLC Double Eagle Development, Veritas Energy Llc, Veritas Energy Partners Holdings LLC
Announced Date
October 03,2016
Transaction Type
Corporate
Location
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Midland ,Martin ,Howard ,Glasscock
Play
Transaction Details: Require Private Equity Subscription
Apollo Global Management-Backed Double Eagle Lone Star LLC, and Post Oak Energy Capital-backed Veritas Energy Partners Holdings LLC have agreed to merge, creating a pure-play Midland Basin focused company.
About The new Company (Double Eagle Permian LLC)
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.
Double Eagle Energy Permian will be headquartered in Fort Worth, Texas, and Cody…
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