The new combined company, to be called Double Eagle Energy Permian, will have more than 63,000 core Midland basin net acres (over 70% operated) located predominantly in Midland, Martin, Howard and Glasscock counties.
Double Eagle Energy Permian will be headquartered in Fort Worth, Texas, and Cody Campbell and John Sellers, the current co-chief executives of Double Eagle, will serve as the co-chief executives of the new company with Hollis Sullivan, the current president of Veritas, serving as chairman.
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