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One-Page Deal Sheet

Legacy Reserves Makes Permian Purchase

Legacy Reserves Lp Not Disclosed
AnnouncedMar 13, 2008
TypeCorporate
LocationPermian Basin
Announced Date
March 13,2008
Effective Date
January 01,2008
Close Date
April 30,2008
Transaction Type
Corporate
Enterprise Value (EV)($MM)
82




Snapshot
Asset/Basin:
{Permian,Mid-Continent}
Proved Reserves

Location
Region
Mid-Continent,Permian

Country
United States

State
Texas

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Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

Transaction Details:  Subscribe to see

Legacy Reserves LP today announced it entered into a definitive purchase agreement to acquire certain oil and natural gas producing properties from a third party for an aggregate purchase price of $82 million, subject to customary purchase price adjustments. The properties are primarily located in the Permian Basin and to a lesser degree in Oklahoma and Kansas.

Operational Highlights:

* Estimated proved reserves of approximately 4.1 million Boe

* 80% proved developed producing reserves

* 67% of value is operated

* Proved reserves to production ratio of approximately 14 years

* Current…




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