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EnCap Investments, L.P. and Double Eagle Energy Announce Formation of Double Eagle Energy Holdings IV with Over $1.7 Billion of Equity Committed

Deals & Cases
June 21, 2022
EnCap Investments, L.P. and Double Eagle Energy Announce Formation of Double Eagle Energy Holdings IV with Over $1.7 Billion of Equity Committed Background Image
Deals & Cases
June 21, 2022

Vinson & Elkins advised EnCap Investments L.P. (“EnCap”) in connection with a strategic partnership with the team behind the Double Eagle family of companies (“Double Eagle”) to form Double Eagle Energy Holdings IV, LLC (“Double Eagle IV”) and Tumbleweed Royalty IV, LLC (“Tumbleweed IV”).

The newly-formed companies collectively have over $1.7 billion in equity commitments led by EnCap, with minority investments from Apollo Natural Resource Partners, Magnetar Capital and Double Eagle management. 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.

The V&E corporate team was led by partner Matt Strock and senior associate Michael Marek, with assistance from associates David Lassetter, Houston Morgan and Drew Clements. Also advising were partner John Lynch; partner Bryan Loocke and senior associate Cesar Leyva; and partner David D’Alessandro and associate Mary Daniel Morgan.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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Key Contacts

Partner
Michael Marek