The Oil & Gas Financial Journal Transaction of the Year - Under $1Bn, Rocky Mountain 2015

Awarded to: Legacy Reserves, LP

Legacy Reserves

Oil & Gas Awards Judges Comments

“Great assets to strengthen Legacy’s current portfolio, with WPX being a world class Rockies operator and partner for Legacy.”

“The assets are long lived and provide Legacy with predictable production numbers and attractive economics due to WPX’s experience and infrastructure.”

Legacy Reserves – Corporate Overview

We are a master limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions of the United States. Our primary business objective is to generate stable cash flows allowing us to make cash distributions to our unit-holders and to support and increase quarterly cash distributions per unit over time through a combination of acquisitions of new properties and development of our existing oil and natural gas properties.