EnCap Investments (EnCap) and the team behind the Double Eagle family of companies (Double Eagle) are to form Double Eagle Energy Holdings IV (Double Eagle IV) and Tumbleweed Royalty IV (Tumbleweed IV).
The new entities have also received minority investments from Apollo Natural Resource funds (Apollo), Magnetar Capital (Magnetar), and other strategic institutional partners.
Headquartered in Fort Worth, Texas, 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. Double Eagle IV was formed by the same management team that successfully led its predecessor companies, with John Sellers and Cody Campbell continuing to serve as Co-Chief Executive Officers. Double Eagle has been one of the largest independent acquirers of oil and gas leasehold interests across Texas, the Rockies, and the Mid-Continent.
