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May 7, 2014
06:55 EDTWPX, LGCYLegacy Reserves partnership with WPX Energy positive, says Wells Fargo
After Legacy Reserves (LGCY) announced that it had formed a strategic alliance with WPX Energy (WPX), Wells Fargo thinks the deal increases the visibility of future dropdowns by Legacy. The firm also believes that the deal highly incentivizes WPX to sell assets to Legacy, and it keeps an Outperform rating on Legacy.
News For LGCY;WPX From The Last 14 Days
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November 20, 2015
09:44 EDTWPXAres EIF Group completes $185M Van Hook Gathering System acquisition
Ares Management (ARES) announced that a fund managed by its Ares EIF group has completed its acquisition of the Van Hook Gathering System in North Dakota from WPX Energy (WPX) in a transaction valued at $185M. The transaction was originally announced on August 31, 2015. The acquisition consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas, and 5,000 barrels of water per day from WPX Energy's Bakken shale oil assets. WPX Energy will continue to operate the Van Hook Gathering System, and MCP Operating, LLC, a subsidiary of MCP Asset Development Group, will provide asset management services for the investment.
November 18, 2015
08:14 EDTLGCYRBC Capital to hold a conference
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