Legacy Reserves Announces Purchase of Permian Basin Properties from Resaca for $72M
May 30, 2013 at 09:04 AM EDT
Legacy Reserves LP ("Legacy") (Nasdaq: LGCY ) today announced it has entered into an agreement to purchase oil properties in the Permian Basin for $72 million from Resaca Exploitation, Inc. ("Resaca"). These properties have current net production of approximately 668 barrels of oil equivalent ("Boe") per day. Legacy estimates that these properties contain 3.8
