Legacy Reserves (LGCY) Tops Q1 EPS by 43c
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Legacy Reserves LP Announces First Quarter 2017 Results and Provides Operational and Financial Update
May 3, 2017 4:21 PM EDTMIDLAND, Texas, May 03, 2017 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) today announced first quarter results for 2017 including the following Q1 highlights:
Deployed $23.7 million of development capital as follows:- $16.7 million on drilling 8 and completing 7 Permian horizontal wells in Howard County, TX and Lea County, NM under our Joint Development Agreement ("JDA")- $4.1 million on workovers across all operating regions- $1.5 million on infrastructure and CO2- $1.4 million on non-operated propertiesSpent approximately $4.8 million acquiring additional Midland Basin leasehold adding 24 gross potential horizontal drilling locations.Generated net income of $16.4... More