Hancock Energy is a wholly owned subsidiary of Hancock Prospecting Pty Ltd (HPPL) established in 2021 with a mandate to seek profitable investment opportunities across the energy value chain in addition to providing input from an energy and regulation perspective to Hancock’s existing businesses.
In partnership with POSCO International Corporation (50.1%), Hancock Energy acquired 49.9% of Queensland based gas producer Senex Energy in March 2022.
Hancock Energy acquired Perth Basin gas company Warrego Energy for $450m in April 2023 following a competitive bidding process.
The essential energy powering Australian industries, business and manufacturing.
Hancock Energy plays crucial role in powering Australian businesses by providing reliable and sustainable energy solutions across the nation.
Hancock Energy helps businesses enhance their efficiency and reduce operational costs, thereby contributing to the overall economic growth and sustainability of Australia’s commercial landscape.
Mineral Resources’ balance sheet has received a welcome boost of $780 million from Gina Rinehart’s Hancock Prospecting through the flash sale of its WA gas assets in October.
Amid the political fight over the Coalition’s nuclear plan, the flaws in the federal government’s own renewables-driven energy models – and the huge hidden costs to consumers – are being exposed.
Mineral Resources has completed selling its gas exploration permits EP 368 and 426 to Gina Rinehart’s Hancock Prospecting for an initial consideration of $780 million.