Legacy already has 110K acres in the Alberta Bakken as they own a large stake of LGX Oil + Gas Inc (Bowood). Trent is also leading the charge here.....
- LGX's First two Alberta Bakken horizontal wells have been drilled and are now on production.
- LGX views the early technical data on our wells as positive first steps toward establishing a commercial development on our lands.
- LGX enjoys a material Alberta Bakken land position; approximately 110,000 net acres (220 gross sections) in the Alberta Bakken prospective fairway, an area in which industry has spent over $239 MM on Crown land acquisitions since April, 2010.
- Over 60 wells have now been licensed by industry in the play in Alberta and thirty-nine have rig released to date, 22 of which are on production. In Montana, in the same fairway, thirty-eight wells have been licensed and twenty-three have rig released to date, ten of which are now on production.