Deal Insight

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

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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 ...

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:

  • Executive summary: Table 1
  • Concho and Legacy operated assets in the Permian
  • 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

What's included

This report contains:

  • Document

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

    PDF 1.13 MB