Legend Natural Gas closes on $900 Million Barnett Shale Acquisition

The Barnett assets acquired from Range include 390 producing wells and approximately 52,000 net acres, 80% of which are located in the prolific core areas of the  Barnett trend.  Daily net production from the properties was 113 Mmcfe per day (86% gas) as of February 1, 2011, the effective date of the purchase.  The acquisition marks Legend’s entry into the horizontal Barnett Shale resource play, making it the fifth largest producer in the play.  Legend is the operator of the newly acquired properties.

For information about Legend's Hydraulic Fracturing, please go to http://fracfocus.org/