North Hudson Resource Partners LP and affiliated funds have acquired Calgary-based HWN Energy Ltd., in partnership with HWN’s management team, in a transaction whose value was not disclosed in the announcement. Prior to closing, HWN spun out certain southern Cardium-focused assets, including approximately 8,300 Boe per day of production, on a non-arm’s length basis, which were excluded from the acquisition. Post-transaction, HWN’s core growth asset is over 180,000 net acres in the oil-focused Montney formation in northwestern Alberta, with pro forma 2026 production approaching 20,000 Boe per day and a significantly expanded midstream system supporting future development. The position represents the second-largest privately held liquids-focused Montney position in Canada and is backed by an extensive inventory of drilling locations. HWN’s existing leadership, including CEO John Oberg, SVP Engineering Marc Shatzer, CFO Mark Munro and COO Kent Fawcett, will continue to lead the company. The deal builds on a 2025 13-well Montney joint venture between North Hudson’s non-operated arm, Fortuna Operating, and HWN. BMO Capital Markets and National Bank Capital Markets acted as financial co-advisors to HWN, with Stikeman Elliott LLP serving as legal counsel to Hawthorne Energy LLC and HWN, Gibson, Dunn & Crutcher LLP advising HWN’s management team, and Bennett Jones LLP and O’Melveny & Myers LLP representing North Hudson.