Deal Insight

Forest exits Texas Panhandle with US$1 billion sale to Templar Energy - a private equity backed LLC

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Report summary

Forest Oil announced the sale of its Texas Panhandle properties to Templar Energy for US$1 billion. The deal includes all of Forest's assets in the region, with current production of approximately 100 mmcfed and 517 bcfe of proved reserves as of YE 2012.This is the sixth major deal in the Texas Panhandle in the last 18 months, lending support to the argument that gas-weighted assets can be attractive, even at current gas prices, to the right buyer with the right business model. The ...

What's included

This report contains

  • Document

    Forest exits Texas Panhandle with US$1 billion sale to Templar Energy - a private equity backed LLC

    PDF 550.29 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Forest Oil production by county in the Texas Panhandle

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