Carnelian Energy Capital, an energy investment firm based in Houston, completed the investment in Hawthorne Energy, an independent oil and gas company. Financial terms were not disclosed. "We are excited to partner with Carnelian in forming Hawthorne. We believe the current market dynamics are setting up for a uniquely attractive opportunity to acquire oil and gas assets and execute on our strategy. We look forward to building our business with the Carnelian team," John Oberg, Hawthorne CEO.