FORT WORTH, Texas, Dec. 19, 2016 /PRNewswire/ -- CL Energy Opportunity Fund, LP, a fund managed by Crestline Investors, Inc., ("Crestline") a credit-focused institutional alternative asset manager, today announced the acquisition of the non-operating working interests in the DJ Basin of Colorado from Double Eagle Energy Rockies LLC, an affiliate of Double Eagle Energy Holdings II LLC ("Double Eagle"), a Fort Worth-based E&P company that invests in oil and gas production across the United States.
The acquired assets with production of over 5,500 barrels per day include a mix of wellbore-only working interests and leasehold interest with exposure to over 100 gross wells operated by premier DJ Basin operators.
"The Double Eagle team, in partnership with several premier DJ Basin operators, have done an excellent job in developing this acreage, and we look forward to participating in the future development of the DJ Basin," said Rahul Vaid, Managing Director at Crestline Investors.
Cody Campbell, Co-CEO of Double Eagle, said: "We appreciate the opportunity to do business with Crestline on this transaction as they build a world class energy portfolio. Going forward, Double Eagle remains focused on growing our Midland Basin asset, and this sale represents an execution of our business strategy to concentrate on our Permian position."
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is a credit focused institutional alternative investment management firm. Crestline specializes in credit, opportunistic investments, and hedge fund and beta solutions. In addition to its Fort Worth, Texas headquarters, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
About CL Energy Opportunity Fund, LP
CL Energy Opportunity Fund, LP is a fund managed by Crestline Investors, Inc. to invest in operated and non-operated oil & gas assets throughout the United States.
About Double Eagle Energy Rockies LLC
Double Eagle Energy Rockies LLC is an affiliate of Double Eagle Energy Holdings II LLC, a land-centered E&P company that invests in oil and gas production across the United States, with a focus on the Midland Basin. Double Eagle acquires and develops oil and gas leases, working interest, mineral rights and royalty interests. The company is headquartered in Fort Worth, Texas, and also has offices in Midland, Texas, and Oklahoma City, Oklahoma.
For more information, please contact:
+1 212-279-3115 ext. 243
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SOURCE Crestline Investors, Inc.