M&A Deal Summary

Hawkwood Energy Acquires Halcón Resources - East Texas Assets

On January 25, 2017, Hawkwood Energy acquired energy services and equipment company Halcón Resources - East Texas Assets from Battalion Oil for 500M USD

Acquisition Highlights
  • This is Hawkwood Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Hawkwood Energy’s largest (disclosed) transaction.
  • This is Hawkwood Energy’s 1st transaction in the United States.
  • This is Hawkwood Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-01-25
Target Halcón Resources - East Texas Assets
Sector Energy Services and Equipment
Buyer(s) Hawkwood Energy
Sellers(s) Battalion Oil
Deal Type Divestiture
Deal Value 500M USD

Target

Halcón Resources - East Texas Assets

Texas, United States
Halcón Resources Corp. - East Texas Assets includes approximately 81,000 net acres primarily located in Burleson and Brazos counties, with current gross production of 9,200 Boe/d (80% oil) from 170 wells producing primarily from the Eagle Ford formation.

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Buyer(S) 1

Buyer

Hawkwood Energy

Denver, Colorado, United States
Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources in East Texas. Hawkwood Energy was founded in 2012 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Battalion Oil

Houston, Texas, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Battalion Oil is an oil and gas acquisition and development company that was formed to recapitalize and take control of a public company formerly known as RAM Energy Resources. Battalion Oil was founded in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 GeoResources

Houston, Texas, United States

GeoResources, Inc. is a natural resources company, is engaged primarily in oil and gas exploration and production and oil and gas drilling.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Halcón Resources - Water Infrastructure Assets

Houston, Texas, United States

Halcón Resources Corp. - Water Infrastructure Assets includes ~60 miles of water gathering pipelines, 75,000 gross acre position, and any additional acreage within a ~ 209,000-acre area of mutual interest ("AMI") in Pecos, Reeves, Ward, and Winkler counties, Texas.

Sell $200M
Mergr

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