Overview
Revenue
$100 to $500 million (USD) per year
Headquarters
Midland, Texas
Legacy Reserves Inc. is an independent energy company. The Company is engaged in the development, production and acquisition of oil and natural gas properties in United States. The Company's operating regions include the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The Permian Basin, producing oil and natural gas basins in the United States, and extend over 100, 000 square miles in West Texas and southeast New Mexico. The properties in East Texas consist of mature, low-decline natural gas wells. The East Texas properties are supported by a 601 mile natural gas gathering system and plant. Its properties in the Mid-Continent region located in Oklahoma. Rocky Mountain region comprised by acquisitions in the Big Horn, Wind River and Powder River Basins in Wyoming largely consisting of mature oil wells with a natural water drive producing primarily from the Dinwoody-Phosphoria, Tensleep and Minnelusa formations. Legacy Reserves focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin. Legacy Reserves LP operates as an energy company. The Company engages in the development, production, and acquisition of oil and natural gas properties. Legacy Reserves serves customers in the United States. Legacy Reserves has its sights set on creating its very own prosperous legacy. The independent oil and gas company explores for oil and gas deposits in the Permian Basin of West Texas and southeast New Mexico and exploits those resources. In Legacy Reserves has proved reserves of 37.1 million barrels of oil equivalent (72% oil and natural gas liquids; 84% proved developed). In 2011 the company acquired a 126-well Permian Basin natural gas property for $66.1 million. Legacy Reserves was formed in 2005 to own and operate the oil and natural gas properties that it acquired from the Moriah Group, the Brothers Group, and MBN Properties.
