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 …