Legacy Reserves (LGCY) Reports Q2 EPS/Revenue Miss

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Go back to Legacy Reserves (LGCY) Reports Q2 EPS/Revenue Miss

Legacy Reserves LP Announces Second Quarter 2018 Results

August 1, 2018 4:07 PM EDT

MIDLAND, Texas, Aug. 1, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) today announced second quarter results for 2018 including the following highlights:

Generated record quarterly oil production of 17,901 Bbls/d, a 4% increase relative to Q1'18; Commenced Wolfcamp drilling in Martin County and began preparing surface locations ahead of a rig move into Midland County; Brought 9 Permian horizontal wells online during the quarter, bringing the total to 29 Permian horizontal wells brought online year-to-date; Completed multiple strategic Permian acreage trades requiring no net cash outlay which enhanced... More