One-Page Deal Sheet
Legacy Reserves to Develop Permian Assets in TPG JV
TPG Capital Legacy Reserves Lp
Announced Date
July 06,2015
Transaction Type
JV - DrillCo
Enterprise Value (EV)($MM)
150
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Spraberry,Wolfcamp,
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Howard ,Reagan ,Crockett
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Legacy Reserves LP has announced that it has entered into an agreement with TPG Special Situations Partners to fund horizontal development of certain of Legacy's Spraberry, Wolfcamp and Bone Spring rights in the Permian Basin.
The primary acreage covered by the arrangement is approximately 6,000 net acres in Howard, Reagan, and Crockett Counties, Texas and Lea County, New Mexico, on which Legacy estimates there are over 150 horizontal locations requiring over $700 million of capital deployment net to the Legacy and TSSP interests.
Under the terms of the agreement, Legacy will convey to TSSP…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |