Oil & Gas Investment

Current Investments

In August 2012 Hallwood acquired a 17% interest in BlueCrest Energy Inc., an exploration and production company operating offshore in the Cook Inlet of Alaska.

Management’s estimated market value is based upon independent engineering reports, net of liabilities owed by the company.

A reserve report dated March 2019 prepared by independent engineers, Ryder Scott, with Brent oil pricing and assuming a price range of $57 per barrel and $6.70 per MCF for gas shows proved undeveloped (1P) reserves with a PV 10 value of $1.11 billion, proved and probable (2P) reserves with a PV 10 value of $1.71 billion and proved, probable and possible (3P) reserves with a PV 10 value of $2.82 billion.