Legacy Reserves has entered into an agreement to purchase working interests in 13 operated oil fields in the Big Horn and Wind River Basins of Wyoming for $130 million in cash.
Related to the announced acquisition, Legacy entered into commodity swap transactions tabulated below, swapping fixed prices for floating prices with members of our bank group. For natural gas, we hedged primarily on the Colorado Interstate Gas ("CIG") pipeline index which represents the index on which the majority of the residue gas from the Wyoming properties is sold after processing.
Legacy also entered the following swaps for ANR-OK and Waha (West Texas) natural gas over the last month for its existing assets and recent acquisitions:
Most Popular Articles
From the Career Center
Jobs that may interest you