Akin Gump Advises Double Eagle Energy in $1.7 Billion Partnership with EnCap Investments
(Dallas) – EnCap Investments L.P. and Double Eagle Energy have announced that they have entered into a strategic partnership to form Double Eagle Energy Holdings IV, LLC (Double Eagle IV) and Tumbleweed Royalty IV, LLC (Tumbleweed IV). As part of the $1.7 billion investment, the new entities also received minority investments from Apollo Natural Resource funds, Magnetar Capital and other strategic institutional partners. A team from Akin Gump advised Double Eagle in the deal.
Double Eagle IV and Tumbleweed IV will primarily focus on investing in oil and gas properties and royalty and mineral investments, respectively, both across the Permian Basin.
To learn more about this deal, click here.
The Akin Gump deal team was led by corporate partner Wes Williams and counsel Mary Lovely. They were joined by corporate partner Cole Bredthauer, tax partner Julia Pashin and corporate associate Michael Daus.
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