OKLAHOMA
CITY, July 30, 2024 /PRNewswire/ -- Warwick
Investment Group ("Warwick") is proud to announce the closing of
its latest strategic acquisition in the Eagle Ford basin
which adds substantial contiguous acreage and production
offset to Warwick's existing development as well as extending
its oil inventory in one of the most prolific basins in the United
States. "This acquisition is pivotal for Warwick as we
continue to expand our operated footprint in the Eagle Ford. The
acquisition underscores our ability to leverage Warwick's
vertically integrated technical team to acquire cash flowing assets
and provide investors with direct access to scalable assets with
low breakeven oil inventory. We believe this transaction makes
Warwick the fifth largest owner of core Eagle Ford drilling
inventory today," stated Kate
Richard, Warwick's Founder, CEO and Co-CIO.
This transaction completes Warwick's 15th transaction
in the Eagle Ford since 2014. On a pro forma basis, Warwick will
operate over 60,000 net acres in the core of the Eagle Ford
across Karnes, Wilson, Bee,
Live Oak, Atascosa and Gonzales counties. The newly
acquired acreage is contiguous and strategically offset to
Warwick's latest oil-focused development and provides the
opportunity for increased operational efficiency across Warwick's
operated position. "With more than a decade of experience in the
Eagle Ford, we look forward to utilizing our expertise to maximize
the potential of the newly acquired assets. We believe
Warwick's investors will benefit from access to extensive oil
upside across the operated position where Warwick has a history of
consistently executing our development programs on time and within
budget," stated Ian Rainbolt, Co-CIO
of Warwick.
Warwick's multi-disciplinary team comprising of land,
engineering, geology, investments, and operational professionals
led the investment underwriting and transaction process. Kirkland
& Ellis LLP acted as legal advisors to Warwick.
For more information, please contact:
Warwick Investor Relations
info@warwickinvestmentgroup.com
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SOURCE Warwick Investment Group