HWN Energy Ltd. Announces Closing of Two Acquisitions, Greatly Expanding Overall Canadian Footprint
CALGARY, Alberta, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Hawthorne Energy, LLC (“Hawthorne”) through its Canadian subsidiary HWN Energy Ltd. (“HWN Energy”) today announced the closing of two large complementary asset acquisitions located in Central and Northern Alberta.
- CALGARY, Alberta, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Hawthorne Energy, LLC (“Hawthorne”) through its Canadian subsidiary HWN Energy Ltd. (“HWN Energy”) today announced the closing of two large complementary asset acquisitions located in Central and Northern Alberta.
- Pro forma for the transactions, HWN Energy will have a substantial, low decline production base of more than 15,000 boe/d (~50% oil/liquids) with significant reserve value and cash flow generation capacity.
- “We are excited to continue our growth in Alberta,” said John Oberg, HWN Energy’s Chief Executive Officer.
- Gibson, Dunn & Crutcher LLP and Lawson Lundell LLP acted as legal advisors to HWN Energy with respect to the acquisitions.