Legacy grows footprint in Alberta, Saskatchewan through acquisition deals

CALGARY – Legacy Oil and Gas Inc. (TSX:LEG) says it is paying a total of $108.6 million in cash through two separate deals to add to its existing light oil presence in Saskatchewan and Alberta.

In the first transaction, Legacy is buying light oil producing assets, facilities and undeveloped land around Turner Valley, Alta., and Taylorton, Sask., for $57.5 million in cash. The deal, with an unidentified seller described as a “Canadian senior producer,” is expected to close in the second quarter.

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