Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal

Warwick Investment Group closed an agreement with Rosewood Resources to acquire its operated oil and gas assets in Texas’ Eagle Ford Shale that immediately offsets Warwick Athena, a company the firm manages.

Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal

Warwick’s future development of the Rosewood asset will be focused on natural gas and NGL to provide fuel for power consumption and feedstock for chemicals and plastics, the firm said. (Source: Photo collage by Hart Energy; images from Rosewood Resources Inc., Hart Energy)

Warwick Investment Group agreed to acquire the Eagle Ford assets of privately held Rosewood Resources Inc. as the global investment firm looks to take advantage of a growing opportunity it sees in the oil market.

“Current oil production and near-term development will provide Warwick exposure to oil prices and the recovery in oil demand observed in the persistent decline in U.S. oil inventories,” the company said in a release on Sept. 15.

Warwick announced it closed an agreement to acquire the operated oil and gas assets in Texas from Rosewood Resources that immediately offsets Warwick Athena, a company managed by Warwick Investment Group. Though the firm didn’t disclose terms of the transaction, it said the combined purchase price and anticipated development capital represents an incremental commitment of roughly $450 million to the Eagle Ford for Warwick.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.