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EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

99% HBP by 220 producing vertical wells

EnCap-backed PetroLegacy Energy II, LLC closed on the acquisition of roughly 20,000 net acres in northeastern Martin County, Texas, from Pioneer Natural Resources Company (ticker: PXD) for $266 million.

PetroLegacy said the Northern …