Apollo, Double Eagle Form Okla. Oil And Gas Venture

Law360, New York (April 25, 2013, 3:58 PM EDT) -- New York-based global private equity giant Apollo Global Management LLC have formed a joint venture with Texas oil and gas firm Double Eagle Energy Holdings LLC to buy oil and gas assets in Oklahoma, primarily in the Anadarko and Ardmore basins, the companies said Thursday.

The venture will leverage Apollo's resources and Double Eagle's energy expertise in the midcontinent United States. Double Eagle's development arm has leased more than 500,000 acres in Texas and the southern U.S.

Financial terms of the deal were not disclosed. An...
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