Legacy Reserves LP Company News

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Is the US Shale Boom Winding Down?
Tuesday, August 06, 2019 US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

Legacy Reserves Finalizes Acquisition in Permian Basin
Tuesday, November 15, 2011 Legacy Reserves has closed the previously announced acquisition of Permian Basin properties.

Legacy Reserves Increases Borrowing Base to $410MM
Thursday, April 01, 2010 Legacy Reserves' bank group has completed its semi-annual redetermination of the borrowing base applicable to Legacy's revolving credit facility.

Brigham to Divest West Texas Assets
Monday, March 29, 2010 Brigham Exploration Company has entered into a purchase and sale agreement to divest a portion of its West Texas assets for $14 million to Legacy Reserves LP.

Legacy Reserves Purchases Shares in Permian Basin
Monday, March 29, 2010 Legacy Reserves has entered into an agreement with Brigham Exploration to purchase oil and gas properties located in the Permian Basin for $14.0 million, subject to customary closing adjustments.

Legacy Reserves Enters into Commodity Swaps for Wyoming Assets
Monday, December 21, 2009 Legacy Reserves has entered into an agreement to purchase working interests in 13 operated oil fields in the Big Horn and Wind River Basins of Wyoming for $130 million in cash.

Legacy Reserves Eyes Wyoming Oil Producing Properties
Friday, December 18, 2009 Legacy Reserves has entered into an agreement to purchase working interests in 13 operated oil fields in the Big Horn and Wind River Basins of Wyoming for $130 million in cash.

Legacy Reserves Approves 2009 Capital Budget
Friday, November 21, 2008 Legacy has secured commitments from two banks to increase the aggregate commitments under its credit facility to $410 million from the previous $383.76 million. The company has also approved its 2009 capital budget.

Legacy Enters Purchase Agreement to Acquire Properties for $82 Million
Thursday, March 13, 2008 The properties are primarily located in the Permian Basin and to a lesser degree in Oklahoma and Kansas.

Granberry Assumes Position, On Board for New Legacy
Thursday, January 24, 2008 Legacy Reserves LP reported that the Board of Directors of its general partner has elected William R. Granberry to fill the vacant independent position on the Board of Directors.

Legacy Reserves LP Acquisition and Commodity Swap Update
Tuesday, January 15, 2008 Legacy Reserves LP has pending acquisitions of $29.5 million of producing oil and natural gas properties and has closed $2.7 million of acquisitions during December 2007 and January 2008.

Legacy Expands Acreage Position in the Permian Basin
Friday, August 31, 2007 Legacy has signed a definitive purchase agreement to acquire certain oil and natural gas producing properties from a private seller for a purchase price of $15.3 million, subject to purchase price adjustments, to be paid in cash.

Legacy Inks Deal for Permian Basin Acreage
Thursday, July 12, 2007 Legacy Reserves signed a definitive purchase agreement to acquire certain oil and natural gas producing properties from private parties for a purchase price of $20.3 million.

Legacy Reserves to Acquire Producing Texas, New Mexico Properties
Wednesday, April 11, 2007 Legacy Reserves LP has signed definitive purchase agreements to acquire certain oil and natural gas-producing properties from two private companies for an aggregate purchase price of $20.8 million.

Legacy Reserves to Acquire Producing Properties for $45M
Wednesday, March 21, 2007 Legacy Reserves LP has signed a definitive purchase agreement to acquire certain oil and natural gas producing properties from Nielson & Associates, Inc. for an aggregate purchase price of $45 million, subject to purchase price adjustments.

Legacy Reserves Prices IPO
Friday, January 12, 2007 Legacy Reserves LP on Thursday announced the pricing of its initial public offering of 6,000,000 units representing limited partner interests at $19.00 per unit.