Legacy Reserves LP (LGCY) To Offer 8.7M Units
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Legacy Reserves LP (NASDAQ: LGCY) plans to sell 8,700,000 units in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.
The company intends to use the net proceeds of this offering, including the net proceeds from any exercise of the underwriters' option to purchase additional units, to fund a portion of the $520 million purchase price of our pending acquisition of oil and natural gas properties in the Permian Basin from Concho Resources, Inc
The company intends to use the net proceeds of this offering, including the net proceeds from any exercise of the underwriters' option to purchase additional units, to fund a portion of the $520 million purchase price of our pending acquisition of oil and natural gas properties in the Permian Basin from Concho Resources, Inc
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