“Rosewood grows Warwick’s exposure to world-class, geologically diversified and de-risked reservoirs,” Kate Richard, chief executive officer of Warwick, said in the statement. The investment firm, which has more than $2 billion in managed assets, said it has Eagle Ford property immediately next to the Rosewood acreage.
The U.S. shale patch has seen a divergence this year as closely held explorers boost drilling more than their public rivals in hopes of getting bought out. Another oil company within the extended Hunt family sold its Permian Basin business in April to the Vitol Group. This latest deal comes half a year after Warwick closed on its fourth energy fund.