Double Eagle Energy Holdings IV formed to pursue Permian basin opportunities

Double Eagle Energy Holdings IV LLC and Tumbleweed Royalty IV LLC have been formed by a partnership of EnCap Investments LP and the team behind the Double Eagle family of companies. The new entities have also received minority investments from Apollo Natural Resource funds, Magnetar Capital, and other institutional partners. Over $1.7 billion of equity has been committed.

Headquartered in Fort Worth, Tex. Double Eagle IV will primarily focus on investing in oil and gas properties in the Permian basin, and Tumbleweed IV will focus on royalty and mineral investments across the Permian basin. Double Eagle IV will be led by co-chief executive officers John Sellers and Cody Campbell, who formed the Double Eagle predecessor companies.