Templar completes purchase of Granite Wash assets

Templar Energy LLC, Oklahoma City, has completed its acquisition of Granite Wash assets from Houston-based Newfield Exploration Co. for $588 million (OGJ Online, July 29, 2014).

Newfield says full-year net production from Granite Wash during 2014-16 would have represented 4 million boe, 3.1 million boe, and 2.7 million boe for each respective year. Adjusted for the sale’s closing date, this year’s net production impact is expected to be 1 million boe.

Newfield expects to update its 3-year plan in February 2015.

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


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...