Legacy Reserves to buy Wyoming oil fields

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.

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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