LEGACY RESERVES LP - UNITS REPRESENTING LIMITED PARTNER INTERESTS
Sector: Oil and Gas Drilling Explor
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Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2006, the company's estimated proved reserves were approximately 18.8 million barrels of crude oil equivalent, including 13.4 million barrels of crude oil or other liquid hydrocarbons and 32.5 billion cubic feet of natural gas. It also owned working interests in approximately 1,823 gross productive oil wells and 128 gross productive natural gas wells. Legacy Reserves GP, LLC serves as the general partner of the partnership. The company, formerly known as the Moriah Group, was founded in 1992 and is headquartered in Midland, Texas.