Hawkwood Energy acquires East Texas assets from Halcon Resources for $500 million
Clients Hawkwood Energy Management LLC
Jones Day advised Hawkwood Energy, LLC in connection with the $500 million acquisition and related financing of producing and non-producing oil and gas assets from Halcon Resources Corporation. The assets 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. The financing consisted of a senior secured credit facility.