Deal insight

Legacy Reserves purchases Permian region assets from Concho Resources for US$520 million

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Report summary

Legacy Reserves has agreed to purchase Permian region assets from Concho Resources for US$520 million. Under disclosed production and a projected drilling schedule Wood Mackenzie values the deal at US$524 million. The assets being acquired by Legacy Resources consist of 1 584 producing wells located in the Midland Basin Delaware Basin and the Central Basin Platform. These assets are currently producing 5 238 boe/d with 25.6 mmboe of proved reserves. Legacy Resources estimates reserves ...

What's included

This report contains

  • Document

    Legacy Reserves purchases Permian region assets from Concho Resources for US$520 million

    PDF 1.13 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Concho and Legacy operated assets in the Permian

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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