Double Eagle Energy and its minerals subsidiary, Tumbleweed Royalty, have launched Double Eagle Energy Holdings V and Tumbleweed Royalty V, respectively. EnCap Investments is backing the new entities with $2.5 billion of equity commitments.
Headquartered in Fort Worth, Texas, Double Eagle V will primarily focus on investing in oil and gas properties across the Permian Basin, and Tumbleweed V will focus on royalty and mineral investments across multiple U.S. basins, with a primary focus on the Permian Basin.
Double Eagle Energy Holdings V and Tumbleweed Royalty V also retain their commitment from Double Eagle management, Elda River Capital Management, affiliates of Apollo Global Management, and other strategic institutional partners.
