Asset sales show strong Permian interest

摘要

Houston-A deal this week by a small upstream operators in the Permian Basin reflected comfort with the current crude market, despite the recent drop in prices. Upstream master limited partnership Legacy Reserves agreed to a Joint Development Agreement with TPG Special Situations Partners. The deal will fund development of Legacy’s roughly 150 horizontal Permian locations in the Spraberry, Wolfcamp, and Bone Spring formations in West Texas and New Mexico across 6,000 acres.