Double Eagle, an oil and gas developer, is considering the sale of its Permian Basin-based producer, reported Reuters, citing sources.
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Double Eagle Wells Drilled Since 2023
The potential deal for Double Eagle Energy Holdings IV could be valued at more than $6.5bn, including debt.
According to sources with knowledge of the matter, the sale process for the oil and gas producer is expected to commence in the second half of this year.
Publicly listed oil and gas producers, particularly those with operations in the Midland area of the Permian Basin where Double Eagle Energy Holdings IV operates, are seen as likely buyers.
However, sources have cautioned that the sale is not certain.
