Marketed: Legacy Reserves Rockies Regional Exit

Legacy Reserves retained TenOaks Energy Advisors in connection with its Rockies regional exit, which includes the sale of its portfolio of operated properties located across Wyoming, North Dakota and Montana.

Hart Energy Staff

Legacy Reserves retained TenOaks Energy Advisors in connection with its Rockies regional exit, which includes the sale of its portfolio of operated properties located across Wyoming, North Dakota and Montana. As part of a regional exit, Legacy will entertain separate offers for Area 1 (Montana and North Dakota) or Area 2 (Wyoming’s Big Horn and Powder River basins), but with a strong preference for a single transaction, TenOaks said.

Bids are due at noon CST on Dec. 16. The transaction is expected to have an effective date of Jan. 1 with a purchase and sale agreement signing targeted by Jan. 13. A virtual data room will be available by Nov. 16. For information visit tenoaksenergyadvisors.com or contact Forrest Salge at TenOaks Energy Advisors at 817-233-4096 or Forrest.Salge@tenoaksadvisors.com.

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