Hawkwood Energy Announces Acquisition By Wildfire Energy
07/09/21, 11:00 AM
Hawkwood Energy LLC ("Hawkwood"), an independent exploration and production company, announced today that is has entered into definitive agreements to be acquired by WildFire Energy I LLC ("WildFire"), an independent energy platform company. The transaction attributes an enterprise valuation to Hawkwood of approximately $650 million. Following the transaction Hawkwood's existing shareholders will retain a ~50% equity interest in WildFire, alongside ~50% held by WildFire's management team and private equity sponsor Kayne Anderson.
Company Info
Company info
Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources in East Texas. Based in Denver, Hawkwood was founded in 2012 with a line-of-equity commitment from lead investors Warburg Pincus and Ontario Teachers' Pension Plan. Hawkwood entered East Texas in 2014, since then accumulating over 160,000 net acres of high quality, contiguous Eagle Ford acreage. Today Hawkwood operates approximately 360 wells with gross production of approximately 15,000 boe/d. Hawkwood was ranked by Hart Energy's Oil & Gas Investor (July 2019) as a top 100 private E&P and the #3 private Operator in the Eagle Ford play in terms of production.