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October 16, 2025

Willkie represented an affiliate of Pearl Energy Investments in the formation and funding of Dragonfly Oil & Gas Partners, LLC, a new upstream oil and natural gas exploration and production company.

Dragonfly recently announced that it was formed in June 2025 with equity commitments from funds managed by Pearl Energy Investments and is actively evaluating acquisition and development prospects in the Permian, MidCon, and South Texas.

Pearl Energy Investments is a Dallas, Texas-based investment firm that focuses on partnering with proven management teams to invest in the North American energy sector. 

The Willkie team was led by partners J. Holt Foster and Tony Johnston and included partners Robert Jacobson and Matthew Makover and associates Erin Kaufman, Dhananjay Adusumilli and Katherine Lubrano.