First Reserve Creates Templar Energy Platform, Starts Acquiring
January 16, 2013
First Reserve, a PE firm dedicated to the energy industry, has created a new E&P company: Templar Energy. The new company will focus on acquiring and exploiting assets in the mature, liquids-rich producing basins in the Mid-Continent Region. It has completed its first acquisition in the Anadarko Basin, an asset package with approximately 7,000 net acres in Oklahoma that produced approximately 1,500 barrels of oil equivalent per day in October 2012.