Double Eagle Energy Permian LLC has been formed through the merger of Double Eagle Lone Star LLC and Veritas Energy Partners Holdings LLC, holding more than 63,000 net acres in the Midland basin.
The acreage, of which more than 70% is operated, is mainly in Midland, Martin, Howard, and Glasscock counties, Tex.
Double Energy Permian is based in Fort Worth.
Double Eagle Lone Star was a subsidiary of Double Eagle Energy Holdings II LLC, a portfolio company of Apollo Natural Resources Partners Funds I and II. Veritas was a portfolio of investment partnerships managed by Post Oak Energy Capital LP, Houston.
Cody Campbell and John Sellers are co-chief executive officers of the new company. They held the same positions with Double Eagle Energy Holdings II.
Hollis Sullivan, Veritas Energy president, becomes chairman of the new company.