Double Eagle Energy’s $1.7 Billion Partnership with EnCap Investments

Akin Gump Strauss Hauer & Feld LLP advised Double Eagle Energy on the deal while Vinson & Elkins advised EnCap Investments L.P.

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.

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.

The Akin Gump deal team was led by corporate partner Wes Williams (Picture) and counsel Mary Lovely. They were joined by corporate partner Cole Bredthauer, tax partner Julia Pashin and corporate associate Michael Daus.

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.

Involved fees earner: Cole Bredthauer – Akin Gump Strauss Hauer & Feld LLP; Michael Daus – Akin Gump Strauss Hauer & Feld LLP; Mary Lovely – Akin Gump Strauss Hauer & Feld LLP; Julia Pashin – Akin Gump Strauss Hauer & Feld LLP; Wesley Williams – Akin Gump Strauss Hauer & Feld LLP; Andrew Clements – Vinson & Elkins LLP; David D’Alessandro – Vinson & Elkins LLP; David Lassetter – Vinson & Elkins LLP; Cesar Leyva – Vinson & Elkins LLP; Bryan Loocke – Vinson & Elkins LLP; John Lynch – Vinson & Elkins LLP; Michael Marek – Vinson & Elkins LLP; Houston Morgan – Vinson & Elkins LLP; Mary Daniel Morgan – Vinson & Elkins LLP; Matthew Strock – Vinson & Elkins LLP;

Law Firms: Akin Gump Strauss Hauer & Feld LLP; Vinson & Elkins LLP;

Clients: Double Eagle Energy Holdings LLC; EnCap Investments LP ;

Martina Bellini

Author: Martina Bellini