Top Story | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
Reports: DoublePoint Energy Facing Potential Sale; Could Fetch $5.0B
Print
|
The PE backers of DoublePoint Energy are looking into a potential sale of the Permian-focused company, according to a report by Reuters.
DoublePoint was established in mid-2018 as a result of the combination of Double Eagle Energy Holdings III and FourPoint Energy.
In June 2018, DoublePoint landed an undisclosed investment from GSO Capital and Quantum Energy Partners. Apollo Global Management and Blackstone also have a stake in the company.
Sources indicate that a sale of DoublePoint could fetch up to $5.0 billion (including debt). The PE firms intend to begin taking offers in mid-2019. Its assets are located in the Midland Basin area of the Permian.
More Private Equity Activity News
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Riverbend Finalizes $1.8B Sale of Portfolio Companies
Riverbend Energy Group has completed the previously announced sale of its equity interests in Riverbend Oil & Gas VI LLC, Riverbend Oil & Gas VI-B LLC and Riverbend…
Diversified Wraps Up PE-Backed Deal for Tapstone's Mid-Con Assets
Diversified Energy Company PLC has closed its acquisition of Oklahoma-based Tapstone Energy Holdings, LLC and related party KL CHK SPV, LLC. Oaktree Capital Management made a co-investment in…
PE Firms Splash Money on New E&P Companies As Oil Prices Rise
As we near the fourth quarter of 2021, Shale Experts is taking a look at all the new companies that were formed in the first part of the…
PE-Backed Haynesville E&P Mulling Asset Sale Worth $2.0 Billion
Haynesville-focused E&P GeoSouthern Energy is considering a potential sale of its acreage portfolio, which could fetch ~$2.0 billion, according to a report by Reuters. GeoSouthern is backed by…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian - Midland Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…