PetroLegacy Energy is a privately-held exploration and production company based in Austin, Texas. PetroLegacy Energy II, LLC was formed in September 2016 with an equity commitment from EnCap Investments, L.P. The Company is actively pursuing the acquisition and development of oil and gas properties in the Permian Basin. PetroLegacy currently operates in the Midland Basin where it holds a substantial acreage position primarily in Martin County.
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The company has not participated in any projects.
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Ovintiv Inc. has closed its previously announced acquisition of core Midland basin assets. In a transaction valued at US$4.275 billion, the company has acquired the leasehold interest and associated...
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