# Devon Asset Sale
**URL:** https://www.mineralrightsforum.com/t/devon-asset-sale/9645
**Category:** Hemphill County, TX
**Created:** [August 11, 2014, 11:53pm UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645 "2014-08-11T23:53:14Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Robert\_V\_Gill](https://www.mineralrightsforum.com/u/Robert_V_Gill)
#### Post date: [August 11, 2014, 11:53pm UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645/1 "2014-08-11T23:53:14Z")
I see Devon is selling their gas properties in Oklahoma and north Texas to Linn Energy. Linn then will sell their granite wash properties to fund the sale. Just who will be buying the granite wash properties? Does this make sense?
I suspect that while the granite wash is a worthwhile asset, the expense of drilling and producing wells in that formation are not justified by the low value of the product. If the price of natural gas went to something like eight dollars, it might be worth it.
I don’t see that happening in my lifetime. But we still get those “we want to buy” letters.
Does anyone have any idea who will be buying the granite wash? What do they know that we don’t?
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### Author:  [@Robert\_V\_Gill](https://www.mineralrightsforum.com/u/Robert_V_Gill)
#### Post date: [August 17, 2014, 9:25pm UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645/2 "2014-08-17T21:25:11Z")
[http://www.ogfj.com/articles/2013/11/templar-energy-le-norman-fund-i-closing-forest-oil-deal.html](http://www.ogfj.com/articles/2013/11/templar-energy-le-norman-fund-i-closing-forest-oil-deal.html)
[http://www.bloomberg.com/news/2013-10-03/forest-oil-to-sell-texas-assets-to-templar-for-1-billion.html](http://www.bloomberg.com/news/2013-10-03/forest-oil-to-sell-texas-assets-to-templar-for-1-billion.html)
[http://ir.linnenergy.com/releasedetail.cfm?ReleaseID=857077](http://ir.linnenergy.com/releasedetail.cfm?ReleaseID=857077)
[http://www.reuters.com/article/2014/08/15/us-linn-energy-asset-sale-idUSKBN0GF1WV20140815](http://www.reuters.com/article/2014/08/15/us-linn-energy-asset-sale-idUSKBN0GF1WV20140815)
[http://www.marketwatch.com/story/newfield-signs-agreement-to-sell-its-granite-wash-assets-for-588-million-2014-07-29](http://www.marketwatch.com/story/newfield-signs-agreement-to-sell-its-granite-wash-assets-for-588-million-2014-07-29)
Templar is a three year old Canadian corporation that is a creation of a wealth management firm. I suspect the Canadian incorporation hides the identity of the investors.
Now what do they know that we don’t? Why would they put so much money into a play that others are abandoning?
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### Author:  [@Robert\_V\_Gill](https://www.mineralrightsforum.com/u/Robert_V_Gill)
#### Post date: [August 24, 2014, 5:11am UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645/3 "2014-08-24T05:11:57Z")
So, First Reserve, the owners of Templar have an interesting web site. It is available in Arabic and Chinese.
I think I am beginning to see who our new landlords will be.
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### Author:  [@Robert\_V\_Gill](https://www.mineralrightsforum.com/u/Robert_V_Gill)
#### Post date: [December 10, 2014, 11:54pm UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645/4 "2014-12-10T23:54:42Z")
I still don’t know where we stand on this. But Linn stock has fallen fast. I am tempted to take a chance on it.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:25am UTC](https://www.mineralrightsforum.com/t/devon-asset-sale/9645/5 "2018-08-15T00:25:10Z")