Legacy Reserves LP, Midland, Texas, (Nasdaq: LGCY) plans to acquire certain producing properties in the Permian Basin from undisclosed private parties for $20.3 million in cash. The assets include 101 nonoperated properties primarily in the Permian Basin. Net production is approximately 302 barrels of oil equivalent per day. Proved reserves are 1.22 million barrels equivalent (92% proved developed producing).
Recommended Reading
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Baker Hughes to Supply Equipment for NextDecade’s Rio Grande LNG
2025-03-11 - Baker Hughes will provide turbine and compression for NextDecade’s trains at Rio Grande LNG.
Pearl Backs Haynesville Mineral and Royalties Firm Wild Basin
2025-03-10 - Equity commitments from Pearl Energy Investments and others have put $75 million of backing behind Haynesville Shale minerals and royalties company Wild Basin Energy.
Expand Energy Picked to Join S&P 500
2025-03-10 - Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.