Legacy Reserves LP, Midland, Texas, (Nasdaq: LGCY) plans to acquire certain producing properties in the Permian Basin from an undisclosed private seller for $15.3 million in cash and has acquired Permian Basin assets from undisclosed private sellers for $6.1 million for a total $21.4 million. The pending deal includes 93 operated producing wells near Legacy's existing operations. Net production is approximately 159 barrels of oil equivalent per day. Proved reserves are 783,000 barrels equivalent (100% proved developed producing). The closed deal includes 31 operated producing wells near Legacy's existing operations. Net production is 90 barrels equivalent per day. Proved reserves are 573,000 barrels equivalent (81% proved developed producing).
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