Legacy Reserves LP (LGCY) said Monday it closed on October 1st the previously announced acquisition of 100% of the membership interests of Pantwist, LLC from Cano Petroleum, Inc. for approximately $40.8 million.
Pantwist owns operated interests in approximately 126 producing wells in the Texas Panhandle near Legacy's existing production.
Legacy also announced the acquisition of Permian Basin oil and natural gas producing properties from three private parties for approximately $9.44 million.
The borrowing base under Legacy's credit facility has been increased to $383.76 million from the previous $320 million. As a result of this increase, and giving effect to the recent acquisitions, Legacy has in excess of $100 million of borrowing capacity available under its credit facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.