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Double Eagle Energy Permian LLC

Company Summary

Description

Merged company between Double Eagle Lone Star and Veritas Energy Partners Holdings. The newly combined company 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.

Operational Regions

  • Permian Basin

Related Entities

Competitors

Recent news

  • 8/3/2017 - Parsley Energy Ended... (subscriber access)
  • 4/20/2017 - Parsley Energy Closes on... (subscriber access)
  • 2/8/2017 - Parsley Energy Adding 4-Rigs in 2017
  • 2/8/2017 - Parsley Energy Acquiring... (subscriber access)
  • 2/8/2017 - Parsley Energy Commences... (subscriber access)

Company Transactions

Date: 4/20/2017
Type: Acquisition

BUYERS:
  • Parsley Energy, Inc.
    • SELLERS:
  • Double Eagle Energy Permian LLC
    • DETAILS:

    COST: 2.8 $B

    VOLUMES: 3.6 MBOE/d

    ACRES: 71000 Acres

    NOTES:
    The acquisition will add 71,000 net acres in the Midland Basin, 3.6 Mboe/d in current production, 23 drilled but uncompleted wells and 3,300 net drilling locations.
    REGIONS:
  • Midland Basin