HWN Energy Ltd. Announces Closing of Two Acquisitions, Greatly Expanding Overall Canadian Footprint
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星期一, 二月 6, 2023
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.
Key Points:
- 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.