Deal Insight

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

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01 August 2014

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.

Table of contents

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

Tables and charts

This report includes 1 images and tables including:

  • Newfield and Templar's Granite Wash assets

What's included

This report contains:

  • Document

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

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