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Legacy Reserves Lp
31 articles mentioning Legacy Reserves Lp · Page 1 of 2
Legacy Reserves to File for Bankruptcy
Legacy Reserves LP expects to file for bankruptcy in order to facilitate its restructuring support agreement with its lenders. The Plan is expected to be filed within 30 days following the commencement of the chapter 11...
Legacy Reserves Enters into Second Forbearance Deal with Lenders
Legacy Reserves Inc. has entered into second forbearance agreements with its lenders under its reserve based revolving credit facility and its lenders under its second lien term loan. The company previously entered into forbearance agreements with...
Legacy Reserves Details 2019 Plans; Spending Down -33% YOY
Legacy Reserves has detailed its 2019 capital plan. Earlier this month, the company hinted it could be on the hunt for a buyer in the near-term and has launched a strategic alternatives process to explore possible...
Legacy Reserves Details New Board Additions
Legacy Reserves LP reported changes to its board of directors. In association with his promotion to CEO, Dan Westcott, has been appointed to the Board of Directors effective immediately. Additionally, Cary Brown, a former CEO of...
Permian E&P Armed with 39,000 Net Delaware / Midland Acres Looking for Buyer
Legacy Reserves is evaluating and exploring potential strategic alternatives "banker talk" for the company looking to sell itself or its assets. The company currently has assets in areas outside of the Permian, such as the East...
Legacy Reserves Taps Former PE Exec as New CFO
Legacy Reserves Inc. has appointed Robert L. Norris as Chief Financial Officer effective February 19, 2019. About Norris Mr. Norris has over 15 years of experience in the energy industry. Prior to joining Legacy, Mr. Norris...
Legacy Reserves' Oil Output Up +31% YOY; Commences Delaware Wolfcamp Drilling
Legacy Reserves reported its Q3 2018 results. Production Highlights: Oil Output Up +31% YOY - Q3 production of 49.1 MBOEPD - up +7% YOY and up +3% from 2Q18 Generated record quarterly oil production of 18,902...
Legacy Reserves CEO to Retire; Successor Named Amidst Other Exec Changes
Legacy Reserves announced several changes to its senior management, including the retirement of its chairman & CEO. Paul T. Horne, Chairman and Chief Executive Officer, will be retiring from the Company effective March 1, 2019 at...
Legacy Reserves Reports Change to Board of Directors
Legacy Reserves reported that Dwight Scott, Senior Managing Director of The Blackstone Group L.P. and President of GSO Capital Partners LP, has resigned from Legacy's Board of Directors effective immediately. In conjunction, GSO has relinquished its...
Legacy Reserves Talks Q2 Production, Increased Laterals; Commences Martin County Ops
Legacy Reserves LP reported its Q2 2018 results. Production Up +13% YOY - Q2 production of 47.5 MBOEPD (up +13% YOY and up +3% from 1Q18) Oil production of 17.9 Bbls/d (up +4% from 1Q18) Increased...
Legacy Drills 20 Wells in Q1; Production Up 9% YOY to 46.1 MBOEPD
Legacy Reserves reported its Q1 2018 results. Highlights: - Q1 2018 production of 46.1 MBOEPD (up +9% YOY) Announced transaction to transition from MLP to C-Corp Divested non-core Mid-Con assets with $15.4 million of plugging liability...
Legacy Reserves Talks 2018 Development Plan and Promotions
Legacy Reserves has provided the following outline to its 2018 development drilling in the Permian Basin. While the company did not provide a guidance on the number of wells. We are estimating that the company will...
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about 7% from Q2 when production was 43,000 boe/d...
Legacy Reserves Talks 2018 Permian Development Plans
Legacy Reserves has detailed its preliminary 2018 plan. 2018 Capital, Financial and Production Guidance Q4 2017E Range FY 2017E Range Preliminary FY 2018E Range ($ in thousands unless otherwise noted) Production: Oil (Bbls/d) 17,100 - 17,700...
Legacy Talks 2018 Permian Drilling Plans
During its 3q17 earnings call, Legacy Reserves provided some guidance on its 2018 development plans and production. CapEx : ($200 - $225) Q4 2017E Range FY 2017E Range Preliminary FY 2018E Range ($ in thousands unless...
Legacy Ups 2017 Budget After "Coring-Up" in the Midland Basin
Legacy Reserves reported its Q2 2017 results. Highlights include: - Increased Capex: Increased our 2017 capital budget to $205 million to fund our increased Permian drilling activity - Brought online an additional 9 horizontal wells in...
Legacy Reserves' Borrowing Base Reaffirmed at $600MM
Legacy Reserves LP announced the semi-annual borrowing base review under its $1.5 billion secured revolving credit facility resulted in the reaffirmation of its previous borrowing base of $600 million.
Legacy Ups Spending 76% for 2017; $225MM Gross Capex
Legacy Reserves detailed its 2017 guidance as well as announced fourth quarter and annual results for 2016.
Legacy Reserves Resumes HZ Drilling in Q2; Adds Rigs
Legacy Reserves LP announced second quarter results for 2016.
Legacy Reserves LP Names Chairman of the Board
Legacy Reserves LP announced that the board of directors of the general partner of Legacy has appointed Paul T. Horne, President, Chief Executive Officer, and director, as the Chairman of the Board.