After Making Billions, Texas Tech Friends Return to Permian Basin With Their Fort Worth Firm

After a $2.8 billion payday selling their Permian Basin holdings, the friends who started Fort Worth's Double Eagle are now dipping their toes back into the same booming oil field.The Fort Worth company announced this week that it was investing in Permian Basin oil and gas again and on a "significantly larger scale." In the spring, Double Eagle sold 72,000 acres in the Permian Basin to Austin-based Parsley Energy run by Southern Methodist University graduate Bryan Sheffield -- son of Pioneer Natural Resources' executive board chairman Scott Sheffield.  Continue reading...

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