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 ...
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:
- Executive summary: Table 1
- Forest Oil production by county in the Texas Panhandle
- 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
What's included
This report contains:
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