Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. As of December 31, 2015, the company owned interests in producing oil and natural gas properties in 723 fields comprising 12,201 gross productive wells, including 4,545 operated and 7,656 non-operated well located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It had proved reserves of approximately 164.2 million barrels of crude oil equivalent. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.
Analyst Upgrade/Downgrade Update Brokerage firm: Stifel Change: Upgrade Previous Rating: Sell Current Rating: Hold Previous Price Target: $0.50 Current Price Target: $1.75
