The company, which began operations in 2012, bought properties from Crimson Energy Partners III LLC located mostly in Brazos County. It also bought assets from Encana Oil & Gas (USA) Inc. located mostly in Robertson County. The acreage extends into Leon and Madison counties.
Combined, the transactions include 1,800 b/d of oil production and more than 50,000 generally contiguous net undeveloped acres. Terms weren’t disclosed.
Hawkwood Energy started up with a line-of-equity commitment of $315 million from investors led by Warburg Pincus and Ontario Teacher’s Pension Plan.