Legacy Reserves Overview Legacy Reserves (NASDAQ: LGCY) is a long-standing Midland, Texas-based company with assets in the Permian, East Texas, Rockies, and Mid-Continent. Legacy prides itself in prudent operations and efficient…
Large, Stable, Low-Decline Resource Base Generates Strong Cash Flow and Underpins Legacy Value Q418 Production 2018 Proved Reserves by Region(1) Proved PV-10 by Region(1) Permian(2) Piceance 29% 47% 8% Oil 39% 47.5 39% 165…
Deep Go-Forward Development Inventory Legacy Has Identified Nearly 900 Operated Development Locations in its Core Areas Legacy Identified Operated Location Summary Wells(2) Table at right represents Legacys identified Total…
Permian Position Overview Diverse Position Across Core Areas of the Permian Total Company Northwest Shelf Gross Net Gross Net 41,700 33,200 10,600 9,100 42,200 23,900 112,400 49,300 Midland Basin 52,800 33,000 154,100 82,500…
Permian Position Overview Strong Operated Drilling Results in Core Areas of the Delaware and Midland Basins Legacy has brought online 90 horizontal wells since 2015, showing strong results to-date Legacy Operated Delaware Basin…
Permian Position Overview Accumulation of Small Tracts Provides Material Value Through Non-Op Development and Trades Summary of Owned Small Tracts(1) Example of Small Tract Trade Value Central In addition to value created through…
East Texas Position Overview Large Positions with Development Potential in the Haynesville / Bossier and Cotton Valley Freestone Area 70 Identified Operated Locations Shelby Area 267 Identified Operated Locations 21,000 gross /…
East Texas Position Overview Offset / Analogue Well Results Showcase Strong Development Potential Freestone Area: Hz Results Normalized to 5,000 Shelby Area: Hz Results Normalized to 7,500 Cum Mmcf 31-Well Avg: Cum Mmcf 4-Well Avg:…
East Texas Position Overview Shelby Position Offset by Strong Wells and Top-Tier Regional Operators Comstock Jordan 16-21 30/IP: 15.3 MMcfd 1 Proppant (lbs/ft): 2,424 Lat. Length: 7,430 1st Prod: Jan 2016 XTO Murray 1H 30/IP: To…
Experienced Senior Management Team Complementary senior management team with deep experience and relevant expertise Dan Westcott Kyle Hammond Chief Executive Officer President & Chief Operating Officer Previously served as CFO COO…
Appendix 13
Legacy Capitalization Summary ( in millions unless otherwise noted) Debt Maturities Recent Conv / 12/31/18 Exch 12/31/18 PF Revolving credit facility due 2019 541 541 600 12% 2nd Lien Term Loan due 2021(1) 339 339 8% Senior…
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