Hawkwood Energy East Texas acquires assets in East Texas

DENVER, Colorado -- Hawkwood Energy’s wholly owned subsidiary Hawkwood Energy East Texas, an independent 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 bopd primarily from the Eagle Ford zone, along with significant 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 bopd 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.

"We are excited to acquire these high quality assets to further build our strong position in the East Texas Woodbine and Eagle Ford plays," said Patrick Oenbring, chairman and CEO of Hawkwood. "These new assets provide us with expanded opportunities to leverage our low cost operating infrastructure and Eagle Ford and Woodbine technical expertise to create value."