"We are excited to acquire these high-quality assets and further expand our East Texas operations. This transformational acquisition is a significant step toward the implementation of our strategy to build a leading independent E&P company in the core of the East Texas basin," said Patrick Oenbring, Chairman and Chief Executive Officer of Hawkwood. "We plan to actively develop these new assets concurrently with our ongoing capital program for our existing properties. We are excited to combine the basin's strong and improving economics with our low cost operating infrastructure and experienced technical team. We will operate these new assets with the same uncompromising approach to safety, the environment, and community relations that we have employed on all of our assets since we commenced operations in East Texas in 2014."
Hawkwood Energy, LLC is a Denver-based independent upstream oil and gas company. Hawkwood was founded in 2012 with equity funding from lead investors Warburg Pincus and Ontario Teachers' Pension Plan. For more information, visit www.hawkwoodenergy.com.
Ontario Teachers' Pension Plan
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hawkwood-energy-acquires-east-texas-assets-from-halcon-resources-300396722.html
SOURCE Hawkwood Energy, LLC