Exploration & Production | Quarterly / Earnings Reports
Legacy Talks 'Solid' Wolfberry Ops, Bone Spring Projects
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Legacy Reserves LP has reported second quarter results for 2013.
Q2 2013 highlights include: Production decreased 1% to 19,516 Boe/d, as the impact of extensive third-party plant downtime and natural gas line pressure issues in the Permian Basin was partially offset by production from new development projects in other parts of the Permian Basin and improved production in the Texas Panhandle due to relieved Q1 infrastructure issues. We generated $118.4 million of revenue and a record $67.9 million of Adjusted EBITDA representing increases of approximately 9% and 6%, respectively, over results in the prior quarter. A key driver of these improvements was improved oil differentials in the Permian Basin and Rocky Mountain regions. After deducting $17.0 million of maintenance capital…- ✓ Full news archive — U.S., Canada & international coverage
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