Legend Natural Gas IV has signed two definitive purchase agreements to acquire oil and gas producing properties for about $1 billion. Legend will acquire Barnett Shale properties from a subsidiary of Range Resources for $900 million.

摘要

The properties include 390 producing wells and approximately 52,000 net acres. In addition, Legend will acquire a majority interest in the Samano and Santa Fe Vicksburg fields from Smith Production for $99.2 million.