Legacy Reserves Inc.

About

Legacy Reserves is an independent energy company engaged in the development, production and acquisition of oil and natural gas properties in the U.S. Its current operations are focused on the horizontal development of unconventional plays in the Permian Basin and the cost-efficient management of shallow-decline oil and natural gas wells in the Permian Basin, East Texas, Rocky Mountain and Midcontinent regions, according to the company press release.

The Nasdaq Stock Market announced July 31, 2019 that it will delist the common stock of Legacy Reserves Inc.

Editor's note: Updated Aug. 21, 2020.

Headquarters Address

303 W. Wall St., Suite 1800
Midland, TX 79701
United States

Website

www.legacyreserves.com

Main Phone Number

+1 855-534-5200

New Financings

Report Date Type Amount (MM) Description

2019-06-11 Legacy Reserves Inc. Debt

Legacy's board of directors has approved, and the company has executed, a restructuring…

Report Date Type Amount (MM) Description

2019-06-01 Legacy Reserves Inc. Debt

Legacy Reserves Inc.  has entered into forbearance agreements and its lenders under its second…

Report Date Type Amount (MM) Description

2018-09-14 Legacy Reserves LP Debt $130.00

Entered into privately negotiated exchange agreements with certain holders of the Issuers' 8% senior…

Report Date Type Amount (MM) Description

2018-02-21 Legacy Reserves LP Buyback $187.00

Entered into an agreement to repurchase $187 million of its 6.625% senior unsecured notes due 2021 at 70…

Report Date Type Amount (MM) Description

2018-02-21 Legacy Reserves LP Debt $400.00

Entered into an agreement to amend second lien term loan credit agreement to increase the amount of…

News

Lease Sales

Marketed: Legacy Reserves Rockies Regional Exit

Legacy Reserves retained TenOaks Energy Advisors in connection with its Rockies regional exit, which includes the sale of its…

Lease Sales

Marketed: Legacy Resources Permian Basin ORRI Portfolio

Legacy Reserves LP retained TenOaks Energy Advisors and Barclays in connection with the potential sale of a portfolio of overriding…

Lease Sales

Marketed: Legacy Reserves East Texas Operated, Nonop Properties

Legacy Reserves Operating LP retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain East…

Lease Sales

Marketed: Legacy Reserves Permian Acquisition Opportunity

Legacy Reserves retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale certain operated and nonoperated…

Restructurings, Public Capital, Unconventional, Shale Plays

Permian Basin Operator Legacy Reserves To Enter Chapter 11 Bankruptcy

Despite converting to a C-corp, Legacy Reserves has faced debt hurdles, which led the Midland, Texas-based oil and gas company to…