Oklahoma City-based Warwick Investment Group is bulking up its operated Eagle Ford Shale footprint with the acquisition of oil and gas assets from Rosewood Resources Inc.

Warwick said Wednesday it would pay $450 million to purchase and develop the Eagle Ford assets from Rosewood, which is controlled by the wealthy Hunt family. The assets offset property already owned by Warwick, the investment firm said. Further details on the assets were not disclosed.

Warwick’s strategy around the assets focuses on oil production and development in the near-term, with an eye toward natural gas development in the years to come. 

“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...