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Newfield sells its Granite Wash assets to Templar Energy for US$588 million

Newfield sells its Granite Wash assets to Templar Energy for US$588 million

Report summary

On 29 July 2014 Templar Energy (operating through Le Norman Operating LLC)announced that it had agreed to purchase from Newfield 42,000 net acres in the Granite Wash(located primarily in Wheeler County, Texas)for US$588 million. The deal enables Newfield to delever its balance sheet. Over the past year, Templar, a private equity-backed operator, has been amassing a sizeable position in the Granite Wash.

What's included?

This report includes 1 file(s)

  • Newfield sells its Granite Wash assets to Templar Energy for US$588 million PDF - 406.32 KB 3 Pages, 0 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale

In this report there is 1 table or chart, including:

  • Executive summary
  • Upstream assets
    • Newfield and Templar's Granite Wash assets
  • Deal analysis
  • Strategic rationale
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