Templar Energy’s borrowing base reaffirmed at $625 million

Templar Energy LLC’s borrowing base under its revolving credit facility has been reaffirmed at $625 million. 

In addition, effective March 6, the company amended its five-year revolving credit facility, originally entered into on Nov. 25, 2013. The amendment revised the net leverage ratio covenant for the remainder of the term of the facility.

Templar Energy, including its wholly owned operating subsidiary, Le Norman Operating LLC, is an independent exploration and production company, with a core focus in Western Oklahoma and the Texas Panhandle. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...