Company backs out of deal to buy controversial Wyoming assets

Company backs out of deal to buy controversial Wyoming assets by Jim Magill, November 29, 2011, Platts.com
Steven Pruett, president and chief financial officer of Midland, Texas-based Legacy Reserves, said Tuesday the company had reached an agreement with Encana to terminate an agreement for Legacy to buy the assets in Fremont County, Wyoming. … Pruett cited “the ongoing groundwater investigation undertaken by EPA” as Legacy’s primary reason for killing the deal.

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