EagleRock Announces Double Eagle V Acreage Dedication and Two Midland Basin Acquisitions
Business Wire•03/11/2026•16:15 ET
0
Key Highlights
- ➤35,000-acre Double Eagle V dedication lifts Midland Basin dedicated acreage to approximately 105,000 acres
- ➤$15.4 million acquisitions add approximately 2,000 Midland Basin acres
- ➤Acquisitions valued at less than 10x EBITDA
- ➤Double Eagle V dedication expected to contribute robust revenue beginning in 2027
- ➤Acquisitions expand water supply, storage and disposal capacity across the Midland Basin
Expert Statements
Greg Pipkin, Chief Executive Officer of EagleRock
“The Double Eagle V Dedication builds on a relationship that already anchors our Midland Basin position, and it requires no upfront capital from EagleRock.”
Greg Pipkin, Chief Executive Officer of EagleRock
“The two acquisitions follow the same approach. They sit next to assets we already have, expand our water supply and storage, and are accretive. Together, these transactions expand our Midland Basin footprint and enhance our ability to serve customers across the region.”
Neal Shah, President and CFO of EagleRock
“Our approach to acquisitions remains disciplined, focused on the remaining development potential of each asset, its strategic fit within our portfolio and its ability to drive financial accretion and create shareholder value.”
Neal Shah, President and CFO of EagleRock
“We believe these recent transactions demonstrate our ability to move quickly and decisively when opportunities align with our strategy.”
EagleRock Announces Double Eagle V Acreage Dedication and Two Midland Basin Acquisitions
Approximately 35,000-acre dedication brings total Double Eagle acreage dedication in the Midland Basin to approximately 105,000 acres
Get started
Create a free account to read the full story.