From The Houston Chronicle After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and the aggregate debt from 2019 bankruptcy filings of almost $20 billion has already surpassed the roughly $17 billion from a
Legacy Reserves Inc. Files For Chapter 11 Protection To Facilitate Negotiated Financial Restructuring
Legacy Reserves Inc. Reaches Agreement With RBL And Second Lien Lenders On Terms Of Financial Restructuring
Legacy Reserves Inc. Confirms Receipt Of Notice Of Nomination
Legacy Reserves Inc. Announces Review of Strategic Alternatives
Legacy Reserves Inc. Announces New Chief Financial Officer … Username or E-mail Password Remember Me Forgot Password
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 announced in March that it has petitioned the board of directors to become a C-corporation Legacy has brought
Legacy Reserves LP Announces Second Quarter 2015 Results Legacy Reserves LP (“Legacy”) (LGCY) today announced second quarter results for 2015. Q2 highlights include: Production of 33,571 Boe/d Lease operating expense (excluding ad valorem taxes) of $42.8 million, a $3.1 million (6.8%) improvement relative to Q1 2015 and a $10.4 million (19.5%) improvement relative to Q4 2014 Adjusted EBITDA of $69.9
Legacy Enters East Texas, More Acquisitions to Follow? Legacy Reserves LP (ticker: LGCY), a master limited partnership (MLP) with an exploration and production focus, announced significant additions to its growth plan in separate news releases on July 6, 2015. Legacy Background The MLP has historically been a very active player on the acquisition market, completing seven deals in 2014 and
Legacy Reserves LP Declares Preferred Distributions Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit payable on July 15, 2015 to unitholders of
Legacy Reserves LP Declares Preferred Distributions Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit payable on June 15, 2015 to unitholders of
A strong balance sheet to weather the downturn Legacy Reserves L.P. (ticker: LGCY) announced yesterday that it will cut its annual distribution by 43% to $1.40 from $2.44 a unit in order to maintain financial flexibility. In a company press release, Paul Horne, President and Chief Executive Officer of Legacy, said the decision was made after carefully considering the company’s
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