Hawkwood Energy, LLC’s $500 million acquisition of East Texas assets from Halcon Resources


Jones Day is advising Hawkwood Energy, LLC in connection with the acquisition of producing and non-producing oil & gas assets from Halcon Resources Corporation for $500 million.

The assets to be acquired include approximately 81,000 net acres primarily located in Burleson and Brazos counties, Texas, with current gross production of 9,200 Boe/d (80% oil) from 170 wells producing primarily from the Eagle Ford formation. The properties are generally contiguous and adjacent to Hawkwood’s existing East Texas position. Jones Day is also advising Hawkwood in connection with a new credit facility to provide funding for a portion of the purchase price and development of the acquired properties. The transaction is expected to close in March 2017.

Hawkwood Energy, LLC is a Denver-based independent oil and gas company primarily focused in East Texas. Hawkwood was founded in 2012 with equity funding from lead investors Warburg Pincus and Ontario Teachers’ Pension Plan.

Jones Day is advising Hawkwood Energy, LLC on the deal with a team led by Omar Samji.

Involved fees earner: Omar Samji – Jones Day;

Law Firms: Jones Day;

Clients: Hawkwood Energy, LLC;

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Author: Ambrogio Visconti