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PE-Backed Presidio Seals Deal for Templar's Anadarko Basin Assets
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Presidio Investment Holdings LLC has finalized its acquisition of bankrupt Templar Energy LLC's asset portfolio, which is focused on the Anadarko Basin.
Prior to Presidio's offer, top bidders for the assets had included Tapstone at $65 million (June 25, 2020) and Zarvona at $88 million.
Presidio Petroleum is backed by Morgan Stanley.
Templar's Acreage ProductionThe company's production was 12,208 BOEPD (23% oil) as of March 2020.
Chris Hammack, Co-Founder and Co-Chief Executive Officer of Presidio Petroleum, said, “We are pleased to expand our Anadarko Basin operations with the addition of Templar’s high quality assets spanning the western Anadarko Basin of Texas and Oklahoma to the STACK play of central Oklahoma. This acquisition is a logical extension of the asset…
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