Pilgrim Petroleum, an independent oil and gas company based in Dallas, has completed its acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million.

The assets include approximately 210,000 acres with most of the position held by production. Crescent Hill Capital will provide a $615 million credit to Pilgrim at the closing of the acquisition.

In addition, Crescent Hill will purchase all of American Capital Investment’s equity interest in its oil and gas subsidiary Alpha Petroleum Resources.