Legacy Reserves to buy Wyoming oil fields

By OGJ editors
HOUSTON, Dec. 18
– Legacy Reserves LP has agreed to buy working interests in 13 operated oil fields in the Big Horn and Wind River basins of Wyoming from St. Mary Land & Exploration Co. for $130 million cash.

The fields produce 1,478 boe/d of oil and gas, 90% oil. Proved reserves are estimated at 8.8 million boe, 90% proved developed producing.

Legacy, Midland, Tex., said some of the fields have potential for tertiary recovery.

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