Legacy Reserves, LP (NASDAQ: LGCY)
Company Overview
Legacy Reserves is a Midland, Texas-based operator, focused on the 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.
Legacy Reserves Assets; Source: Legacy Reserves
- Legacy announced in March that it has petitioned the board of directors to become a C-corporation
- Legacy has brought on 67 horizontal wells since it first began doing so in 2015
Summary
- Q1-2018 Revenue: $135 million
- Q1-2018 Production: 46 (MBOE/day)
- Total Common Stock Outstanding: 77 million
- Enterprise Value: $2 billion
- Total Debt: $1.3 billion
- 1P Reserves: 180 MMboe
- Operating Margin: +29.07%
Management Team
Paul T. Horne – Chairman, CEO
James Daniel Westcott – President, CFO
Kyle M. Hammond – Executive Vice President, COO
Kyle A. McGraw – Executive Vice President, CDO, Director
The Oil and Gas Conference®
Legacy Reserves is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
