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	<title>Stock Blog Hub &#187; Legacy Reserves Lp</title>
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		<title>(SM) St. Mary Land &amp; Exploration Offloads Rocky Holdings</title>
		<link>http://www.stockbloghub.com/2010/01/11/sm-st-mary-land-exploration-offloads-rocky-holdings/24646</link>
		<comments>http://www.stockbloghub.com/2010/01/11/sm-st-mary-land-exploration-offloads-rocky-holdings/24646#comments</comments>
		<pubDate>Mon, 11 Jan 2010 22:49:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Legacy Reserves Lp]]></category>
		<category><![CDATA[LGCY]]></category>
		<category><![CDATA[SM]]></category>
		<category><![CDATA[St. Mary Land & Exploration Company]]></category>

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		<description><![CDATA[St. Mary Land &#38; Exploration Co. (SM) has entered into three different transactions to sell its non-core Rocky Mountain properties for a total consideration of $307 million. In the first transaction, St Mary sold acreage in Wyoming to Legacy Reserves LP (LGCY) for $130 million. The deal is expected to close in February this year. In the second transaction, the company sold its North Dakota properties to a private buyer for $137 million. This transaction is anticipated to close in March 2010. Both transactions are subject to customary purchase price adjustments and closing conditions. Finally, St Mary sold its entire stake in the Hanging Woman basin coalbed methane project in Wyoming and Montana to JM Huber Corp. for about $40 million. The sale was completed in December 2009. The company ]]></description>
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