Double Eagle Lone Star has signed a merger agreement to form a new entity named Double Eagle Energy Permian.
Double Eagle Lone Star is a subsidiary of Double Eagle Energy Holdings II, and Veritas Energy Partners Holdings.
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Double Eagle Energy will own more than 63,000 net acres situated majorly in Midland, Martin, Howard, and Glasscock counties in Permian Basin.
It has retained Jefferies as the financial advisor and Vinson & Elkins as the legal advisor, while Veritas Energy has appointed Tudor, Pickering, Holt & Co. as the financial advisor and Latham & Watkins as the legal advisor for the transaction.
The merger will allow the companies to fortify their business in North America.
Emerson Electric Co. has entered an agreement for the acquisition of Permasense Limited.
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By GlobalDataPermasense offers non-intrusive corrosion monitoring technologies for the oil and gas production, refining, chemical, power, pipelines, metals and mining industries.
The acquisition will add Permasense technologies to Emerson’s existing intrusive corrosion monitoring systems, enabling the company to offer customers a complete corrosion monitoring solution.
