Double Eagle Energy Holdings V, LLC (“Double Eagle V”) is an independent oil and natural gas company focused on development and production in the Permian Basin.  Headquartered in Fort Worth, Texas, Double Eagle V was formed in late 2024 by the same management team that successfully led its predecessor companies.  The company was formed with equity commitments from EnCap Investments L.P. (“EnCap”), Elda River Capital Management (“Elda River”), Apollo Natural Resources (“Apollo”), Management, and other strategic institutional investors.

The formation of Double Eagle V follows the successful sale of Double Eagle Energy Holdings IV (“Double Eagle IV”), which on April 1, 2025, sold certain subsidiaries to Diamondback Energy, Inc. (NASDAQ: FANG) for $4.2 billion. Prior to Double Eagle IV, management sold DoublePoint Energy, LLC’s (“DoublePoint”), a subsidiary of Double Eagle Energy Holdings III, LLC to Pioneer Natural Resources (NYSE: PXD) in May 2021 for $6.4 billion.  DoublePoint was formed through a partnership with Apollo, Elda River, Quantum Energy Partners and GSO Capital partners in 2018.

DoublePoint was preceded by the sale of Double Eagle Holdings II, LLC to Parsley Energy in 2017 for $2.8 billion.

The Double Eagle family of companies has been one of the largest independent acquirers of oil and gas leasehold interests and royalties across multiple basins since 2008.  Having completed tens of thousands of transactions across Texas, the Rockies, and the Mid-Continent, the company earned the reputation of being the premier land acquisition company throughout the lower 48.  With a strong history of operation success, Double Eagle continues to combine its best in class technical and operational teams to further expand its footprint and pursue larger and more extensive development projects throughout the Permian Basin.