Templar Energy LLC, a newly formed exploration and production company, has completed its first acquisition in the Anadarko Basin, an asset package that includes about 7,000 net acres in Oklahoma’s Ellis and Roger Mills counties in Oklahoma, according the company’s financial backer, First Reserve Corp.
The acreage had average daily production of about 1,500 boe/d in October, First Reserve said.
“Templar is focused on investing primarily in the mature, liquids-rich producing basins in the Midcontinent region, while also evaluating opportunities outside the region which fit its economic criteria,” the investment firm said.
Templar is led by David Le Norman, who has been CEO of TLP Energy and its operating subsidiary, Oklahoma City-based Le Norman Operating, and of Crusader Energy Group Inc. Norman is the founder of Knight Energy Group LLC.
Crusader Energy Group began operating as a publicly held independent in 2008 following completion of a merger with Dallas-based Westside Energy Corp. (see Daily GPI, June 30, 2008). In 2009, SandRidge Energy Inc. attempted to acquire bankrupt producer Crusader Energy Group Inc., a bid that ultimately failed (see Daily GPI, Sept. 24, 2009).
Le Norman is joined at Templar by CFP Curtis Colby and General Counsel Chip Mullens. The company’s technical team is led by Dennis Lawson, Jeff Nelson and Robert Potts, and the land department is led by Chris McCormick and Gil Messersmith.
Financial terms of the First Reserve investment were not disclosed.
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