Trilantic Capital Partners, a global private equity firm, has completed the sale of the assets of TLP Energy (TLP), an Oklahoma City-based oil and gas producer, to NFR Energy (NFR) for approximately $655 million, subject to customary closing adjustments. NFR will acquire the upstream and midstream assets of TLP, including approximately 64,000 net acres of mineral leasehold and production of approximately 6,500 barrels of oil equivalent per day.
TLP Energy was formed in August 2011 by its CEO, David Le Norman, with funding by Trilantic Capital Partners. TLP’s assets consist primarily of oil and gas production and leases in the Texas Panhandle and Oklahoma. The company targets several hydrocarbon reservoirs, including the Cleveland Sands and the Granite Wash plays.