MIDLAND, Texas, July 18, 2018 /PRNewswire/ -- Legacy Reserves LP
("Legacy") (Nasdaq:LGCY) today announced it will provide details of
its second quarter 2018 operating and financial performance with
its earnings report which is scheduled to be released on
Wednesday, August 1, 2018, following
the close of NASDAQ trading. A teleconference and webcast
will be held on Thursday, August 2,
2018, beginning at 9:00 a.m. Central
Time. Those wishing to participate in the conference call
should dial 877-870-4263. A replay of the call will be available
through Thursday, August 9, 2018, by
dialing 877-344-7529 and entering replay code 10122434. Those
wishing to listen to the live or archived webcast via the Internet
should go to the Investor Relations tab of our website at
www.LegacyLP.com.
About Legacy Reserves LP
Legacy Reserves LP is a master limited partnership headquartered
in Midland, Texas, 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. Additional information is
available at www.LegacyLP.com.
Additional Information and Where to Find It
This press release relates to the proposed corporate
reorganization between Legacy and Legacy Reserves Inc. ("New
Legacy") (the "Transaction"). The Transaction will be submitted to
Legacy's unitholders for their consideration and approval. In
connection with the Transaction, New Legacy has filed with the U.S.
Securities and Exchange Commission (the "SEC") a registration
statement on Form S-4, which includes a preliminary proxy statement
of Legacy and a preliminary prospectus of New Legacy (the "proxy
statement/prospectus"). In connection with the Transaction, Legacy
plans to mail the definitive proxy statement/prospectus to its
unitholders.
INVESTORS AND UNITHOLDERS ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
LEGACY AND NEW LEGACY, AS WELL AS THE PROPOSED TRANSACTION AND
RELATED MATTERS.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as
amended.
A free copy of the proxy statement/prospectus and other filings
containing information about Legacy and New Legacy may be obtained
at the SEC's Internet site at www.sec.gov. In addition, the
documents filed with the SEC by Legacy and New Legacy may be
obtained free of charge by directing such request to: Legacy
Reserves LP, Attention: Investor Relations, at 303 W. Wall, Suite
1800, Midland, Texas 79701 or
emailing IR@legacylp.com or calling 855-534-5200. These documents
may also be obtained for free from Legacy's investor relations
website at https://www.legacylp.com/investor-relations.
Legacy and its general partner's directors, executive officers,
other members of management and employees may be deemed to be
participants in the solicitation of proxies from Legacy's
unitholders in respect of the Transaction described in the proxy
statement/prospectus. Information regarding the directors and
executive officers of Legacy's general partner is contained in
Legacy's public filings with the SEC, including its definitive
proxy statement on Form DEF 14A filed with the SEC on April 6, 2018.
A more complete description is available in the registration
statement and the proxy statement/prospectus.
Cautionary Statement Relevant to Forward-Looking
Information
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including, without limitation, statements regarding the
expected benefits of the Transaction to Legacy and its unitholders,
final court approval of the Stipulation and Agreement of Settlement
dated as of July 6, 2018, the
anticipated completion of the Transaction or the timing thereof,
the expected future growth, dividends, distributions of the
reorganized company, and plans and objectives of management for
future operations. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Legacy expects, believes or
anticipates will or may occur in the future, are forward-looking
statements. Words such as "anticipates," "expects," "intends,"
"plans," "targets," "projects," "believes," "seeks," "schedules,"
"estimated," and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements rely
on a number of assumptions concerning future events and are subject
to a number of uncertainties, factors and risks, many of which are
outside the control of Legacy, which could cause results to differ
materially from those expected by management of Legacy. Such risks
and uncertainties include, but are not limited to, realized oil and
natural gas prices; production volumes, lease operating expenses,
general and administrative costs and finding and development costs;
future operating results; and the factors set forth under the
heading "Risk Factors" in Legacy's filings with the SEC, including
its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. The reader should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Unless legally required, Legacy
undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT:
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Legacy Reserves
LP
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Dan
Westcott
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President and Chief
Financial Officer
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432-689-5200
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SOURCE Legacy Reserves LP