First Reserve Corp. has backed a repeat management team and created an E&P company, Templar Energy LLC.
Templar is focused on investing primarily in the mature, liquids-rich producing basins in the Mid-Continent Region, while also evaluating opportunities outside the region which fit its economic criteria.
According to the release, the Templar team is led by industry veteran David Le Norman. Le Norman worked with First Reserve previously, most recently as part of TLP Energy and its operating subsidiary Le Norman Operating, an Oklahoma City-based oil and gas producer.
Templar has ...