Marketed: Legacy Reserves Rockies Regional Exit

Transaction Type
Sellers
Marketers
Basin
Rockies; Williston Basin; Big Horn Basin; Powder River Basin
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

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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