Headquartered in Fort Worth, Texas, Double Eagle Energy V was formed by the same management team that successfully led its predecessor companies. The Company was formed with equity capital commitments from EnCap Investments L.P. ("EnCap"), Elda River Capital ("Elda River"), Double Eagle Management ("Management"), and other strategic institutional investors.

The launch of Double Eagle Energy V follows the successful sale of Double Eagle Energy IV to Diamondback Energy, Inc (NYSE: FANG) in April, 2025 for $4.1 billion Double Eagle Energy IV was preceded by the sale of DoublePoint Energy, LLC's assets to Pioneer Natural Resources in May, 2021 for $6.4 billion. DoublePoint was formed through a partnership with Apollo, Magnetar, Quantum Energy Partners and GSO Capital partners in 2018.

DoublePoint Energy was preceded by the sale of Double Eagle Holdings II to Parsley Energy in 2017 for $2.8 billion.

The Double Eagle family of companies has been one of the largest independent acquirers of oil and gas leasehold interests and royalties across multiple basins since 2008. Having completed tens of thousands of transactions across Texas, the Rockies, and the Mid-Continent, the company has earned the reputation of being the premier land acquisition company throughout the lower 48. With a strong history of operational success, Double Eagle continues to combine its best in class technical and operational teams to further expand its footprint and pursue larger and more extensive development projects throughout the Permian Basin.