Exit: DoublePoint Energy considers sale, Reuters reports

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[Context: On February 21, Reuters reported that DoublePoint Energy could pursue a sale. Further details and related links are below.]


DoublePoint Energy | Apollo | Blackstone | Quantum Energy | Magnetar 

On February 21, Reuters reported that DoublePoint Energy, backed by Apollo Global Management, Blackstone Group’s GSO Capital Partners, Magnetar Capital, and Quantum Energy Partners, are exploring a sale that could result in a valuation of as much as $5bn, Reuters reported.

Formed in 2018, DoublePoint Energy was created through the combination of Permian holdings of two Double Eagle Energy Holdings III and FourPoint Energy that included more than 70,000 acres.

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