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Dixie Energy Trust Closes Fletcher Acquisition

Dixie acquired additional working interests in Mississippi and Alabama for US $5.5 million.

The acquisition broadens GEs artificial lift capabilities with solutions for a wider variety of well types and technology in the drilling industry.

Legacy purchased a 95% interest in the properties and is joined by an industry partner who purchased the remaining 5% interest.

The Mountaineer system is capable of delivering 550 million cubic feet per day to the Sherwood Processing Complex.

The acquisition increases Gastars potential resource exposure to over 100 million barrels equivalent.

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