Legacy Reserves LP Announces $900 Million Borrowing Base & Upcoming RBC Capital Markets' MLP Conference Participation
MIDLAND, Texas, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announced the semi-annual borrowing base review under its $1.5 billion secured revolving credit facility has resulted in a revised borrowing base of $900 million, a $50 million reduction from the previous figure.
Legacy also announced today that Paul Horne, President and Chief Executive Officer, and Dan Westcott, Executive Vice President and Chief Financial Officer, will participate in a discussion panel at the 2015 RBC Capital Markets' MLP Conference in Dallas on Wednesday, November 18, 2015, at 10:20 a.m. Central Time. Presentation slides will be available on Legacy's website at www.LegacyLP.com.
About Legacy Reserves LP
Legacy Reserves LP is a master limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. Additional information is available at www.LegacyLP.com.
CONTACT: Legacy Reserves LP
Executive Vice President and Chief Financial Officer
Despite relatively low rig activity, the Utica shows the strongest gains in production efficiency since January 2014 Baker Hughes Industries (ticker: BHI) released its weekly update on the number of rigs operating in the United States Friday, showing ten more rigs active in the country from last week. The Permian remains the most active basin in the country, but despite[Read More…]
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