Denver, CO-based Hawkwood Energy LLC’s wholly-owned subsidiary, Hawkwood Energy East Texas LLC, an independent oil and gas company primarily focused in East Texas, has acquired producing and non-producing assets primarily in Leon and Madison counties in Texas. Terms of the transaction were not disclosed.
The newly acquired assets consist of producing wells with combined production of approximately 500 barrels of oil per day primarily from the Eagle Ford zone, along with undeveloped leasehold. The properties are immediately contiguous and complementary to Hawkwood's existing East Texas properties. With the addition of the newly-acquired properties, Hawkwood produces approximately 4,000 barrels of oil per day from 76 wells, which includes Woodbine, Buda, and Eagle Ford production, and holds in excess of 100,000 net acres of undeveloped leasehold primarily prospective for Woodbine and Eagle Ford.
Hawkwood Energy LLC is a Denver-based independent upstream oil and gas company. Hawkwood commenced operations in 2012 and is funded with a line-of-equity commitment of $500 million from lead investors Warburg Pincus and Ontario Teachers' Pension Plan.