Legacy Reserves LP Announces Quarterly Cash Distributionadmin
Legacy Reserves LP announced a cash distribution for the fourth quarter of 2006 of $0.41 per unit, or $1.64 on an annualized basis, payable on February 14, 2007 to unitholders of record at the close of business on January 10, 2007. The January 10, 2007 record date for this distribution precedes the January 18, 2007 closing of Legacy Reserves LP’s initial public offering. Accordingly, as stated in Legacy Reserves LP’s final prospectus dated January 11, 2007, holders of units purchased in the initial public offering are not entitled to receive any distribution attributable to the fourth quarter of 2006 with respect to the units purchased in the initial public offering.
This press release does not constitute an offer to sell nor is it a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Legacy Reserves LP is an independent oil and natural gas limited partnership headquartered in Midland, Texas, focused on the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin of West Texas and southeast New Mexico.
We may make statements in this press release that are “forward-looking statements.” All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward looking statements. These statements are not guarantees of our future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties and factors, we encourage you to read our documents on file with the Securities and Exchange Commission. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Legacy Reserves LP Steve Pruett (432) 682-2516
Source: Legacy Reserves