Templar Energy and Tapstone Energy executed an Asset Purchase Agreement (APA) dated June 22, 2020, according to case records examined online. Tapstone’s offer of $65 Million will serve as the “Stalking Horse Bid,” and Tapstone is positioned to receive a $1.95 million termination fee should another offer be chosen by Templar at July’s bankruptcy auction.

  • Templar Energy filed for chapter 11 bankruptcy on June 1, 2020.
  • Tapstone Energy completed financial restructuring on April 20, 2020. Tapstone received a four-year secured term loan of approximately $145 million. Additionally Kennedy Lewis Investment Management, LLC is investing $50 million of new capital in the form of preferred equity in Tapstone to pursue acquisitive growth in the Mid-Continent region.

We dove deeper into this potential transaction to get better insights into Templar and Tapstone’s current assets with the help of WellDatabase’s easy to use platform.

Templar’s Assets

Templar (Gold) & Tapstone (Green)

Starting at the top right and moving straight down: Roger Mills, Dewey, Ellis, Woodward, Caddo, Garfield, Harper, Beckham, Blaine, Grady, Beaver

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