Wildfire Energy to Acquire Hawkwood with Valuation of $650M

Hawkwood Energy LLC recently entered into definitive agreements to be acquired by WildFire Energy I LLC, an independent energy platform company. The transaction attributes an enterprise valuation to Hawkwood of approximately $650 million.

The combined entity will retain the WildFire Energy name. Following the transaction, Hawkwood’s existing shareholders will retain a 50 percent equity interest in WildFire, alongside 50 percent held by WildFire’s management team and private equity sponsor Kayne Anderson. Post-closing, the WildFire team will operate the assets and bring to bear extensive experience in the Eagle Ford, having previously managed WildHorse Resource Development Corp. until its sale to Chesapeake Energy in 2019 for nearly $4 billion.

Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources, with current liquids-weighted production of approximately 15,000 gross equivalent barrels per day, spanning 160,000 net acres in the Eagle Ford Basin of East Texas. WildFire Energy was formed to acquire and optimize production-weighted oil and gas assets, and is led by CEO Anthony Bahr, president/COO Steve Habachy and CFO Drew Cozby. In addition, a significant equity investment from Kayne Anderson and WildFire Energy’s management team will substantially de-lever the company.