Firm Advises Hawthorne Energy’s Management Team in Commitment From Carnelian Energy Capital

July 9, 2020

Hawthorne Energy will pursue an acquisition and development strategy in select onshore oil and gas basins in North America.

Willkie represented John Oberg and Marc Shatzer, the management team of Hawthorne Energy, in connection with the formation of Hawthorne Energy, LLC and a line of equity commitment from Carnelian Energy Capital III, L.P., an investment fund managed by Carnelian Energy Capital Management, L.P. Hawthorne Energy will pursue an acquisition and development strategy in select onshore oil and gas basins in North America. The deal was announced on June 30, 2020.

Carnelian is an energy investment firm based in Houston, Texas with over $1.5 billion of cumulative equity investments. Carnelian focuses on lower-to-middle market equity investments in the United States upstream, midstream and oilfield services sectors.

The transaction was led by partner Michael De Voe Piazza and associates Will Thanheiser and Chris Truman. Partner Robert Jacobson and associate Yaniv Maman provided tax advice.