Akin Advises Double Eagle in $2.5 Billion Strategic Partnership for Permian Basin Investments

(Dallas and Houston) - Akin advised Double Eagle in its partnership with EnCap Investments to form Double Eagle Energy Holdings V, LLC (“Double Eagle V”) and Tumbleweed Royalty V, LLC (“Tumbleweed V”). The partnership includes a commitment of $2.5 billion in equity, with Double Eagle V focused on investments in oil and gas properties throughout the Permian Basin and Tumbleweed V focused on royalty and mineral investments across numerous U.S. basins, particularly the Permian Basin.  

The Akin team was co-led by energy practice co-head Wes Williams and private equity partner Mary Lovely and included tax partner Julia Pashin. 

For additional information on the transaction, please click here.  

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East. 

# # #