Billion-dollar Boost Sends Texas Tech Friends Back to Permian Basin

The high school friends and founders of Fort Worth's Double Eagle Energy Permian cashed out of the Permian Basin last year for $2.8 billion. Now, they're cashing back in with more than $1 billion in financing commitments.Double Eagle announced Monday that it has equity commitments from affiliates of Apollo Global Management. Officials with the company, founded by former classmates Cody Campbell and John Sellers, revealed last summer that they were returning to Permian after an earlier sell off.  Continue reading...

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