Fort Worth energy firm raises $1.7 billion for Permian acquisitions

Double Eagle Announces $6.4 Billion Divestiture in the Midland Basin |  Business Wire

 

It’s being called one of the largest pools of capital raised and dedicated to oil and gas development in the Permian Basin since the 2020 pandemic—more than $1.7 billion from investors.

Double Eagle came up with the fund for its latest venture reported Reuters. The company has made some of the most acquisitions in West Texas over the past 10 years and also in Oklahoma’s SCOOP, the D-J Basin and the Powder River Basin.

Click here for Reuters