- Malaysia's national oil company Petronas is reportedly looking into buying its way into US shale, with driller DoublePoint Energy the target.
- DoublePoint Energy has a 100,000 acre tranche of drilling rights smack in the prolific heart of the Permian, currently producing some 55,000 b/d of shale oil.
- Backed by private equity including the Blackstone Group, Apollo Global Management, Quantum Energy Partners and Magnetar Capital, DoublePoint is headed up by Cody Campbell and John Sellers – who made a name for themselves for patching together separate Permian drilling leases into a more cohesive whole, then selling that on to interested buyers for a tidy profit.
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