Seeking Alpha

Legacy Reserves purchases oil-weighted properties for $112M

  • Legacy Reserves (LGCY) enters into separate agreements to purchase oil-weighted properties in New Mexico and Montana for a combined $112M.
  • The properties produce ~890 boe/day, contain estimated proved reserves of ~9M boe, and are 95% oil.
  • LGCY anticipates funding the transactions with borrowings under its revolver.
Comments (1)
  • easttwin
    , contributor
    Comment (1) | Send Message
     
    alpha is a excellent source of information on stocks and a very excellent web site .dick ghainer
    5 May 2014, 08:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs