Energy Central Professional


Warwick Investment Group acquires Rosewood's Eagle Ford assets

Indian Oil And Gas News  


    September 20 -- Warwick Investment Group has closed an agreement to acquire operated oil and gas assets in Texas's Eagle Ford Shale from Rosewood Resources.

    The combined purchase price and anticipated development capital represents an incremental ~US$450 million commitment to the Eagle Ford for Warwick.

    Warwick's future development of the Rosewood asset will be focused on natural gas and natural gas liquids to provide fuel for power consumption and feedstock for chemicals and plastics.

    "This asset sits well within Warwick's investment criteria targeting current production, future drilling inventory and diversified commodity streams. We believe this acquisition represents a strong risk-adjusted return on deployed capital for our investors and welcome this asset to the Warwick portfolio," said Ian Rainbolt, Co-CIO of Warwick Investment Group.

    "Rosewood grows Warwick's exposure to world-class, geologically diversified and de-risked reservoirs. We congratulate the Rosewood team on their work on this asset and look forward to growing Warwick's exposure to the Eagle Ford." said Kate Richard, CEO of Warwick Investment Group.


Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.