tumbleweed

EnCap, Double Eagle Tout $2.3B in Commitments to Accelerate Permian Drilling Program

EnCap, Double Eagle Tout $2.3B in Commitments to Accelerate Permian Drilling Program

A private equity (PE)-backed oil and gas partnership formed last year has secured about $600 million in additional capital commitments to acquire and develop drilling opportunities in the Permian Basin. EnCap Investments LP, Double Eagle Energy Holdings IV and Tumbleweed Royalty IV LLC on Sunday announced a “successful equity commitment upsize” to $2.3 billion, and…

January 30, 2023