One-Page Deal Sheet
Legacy Reserves To Acquire Permian Basin Assets from Concho
Legacy Reserves Lp Concho Resources, Inc.
Announced Date
November 07,2012
Effective Date
October 01,2012
Close Date
December 20,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
520
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Legacy Reserves LP announced it has entered into an agreement to purchase Permian Basin oil and natural gas properties from Concho Resources Inc. for $520 million in cash.
Highlights of this acquisition are as follows:
Estimated proved reserves of approximately 25.6 MMBoe, 71% of which are proved developed producing ("PDP"), 14% are proved developed non-producing, and 15% are proved undeveloped Proved reserves are approximately 90.5% operated, and estimated to be 62% oil and 38% natural gas Estimated PDP production from the current 1,584 producing wells is 5,238 Boe/d for the three months…Permian Deal Activity In Last 12 Months
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