LGCY News and Press, Legacy Reserves From 05/09/19

MIDLAND, Texas , May 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) today announced 2019 first quarter results including the following highlights: Generated quarterly oil production of 17,922 Bbls/d, a 4% increase relative to Q1'18; Reduced lease operat...

There hasn't been much news about Legacy Reserves (LGCY) recently as the time ticks down to when its credit facility extension ends. Although there are still a few weeks left, the odds of restructuring remain quite high , and I don't expect Legacy to make its June bond interest payments. Oil ...

The management of Ring Energy ( REI ) continues to build an attractive company despite market perceptions otherwise. One key trait that well-managed companies share is the ability by management to work with the current situation rather than wait for a more favorable industry environment. Man...

By now I’m sure you have all read my prior article, " E&P Investors: Time to Pore Over Annual Disclosures ." Undoubtedly, many of you have dutifully noted the data that you consider most important in researching and analyzing E&P companies, and have compared data points betwee...

I don't believe that reducing Legacy Reserves's ( LGCY ) unsecured debt will help it to extend its credit facility maturity further. The best chance for Legacy to avoid a bankruptcy filing is probably selling assets to pay down its credit facility. However, while the environment for Permian ...

MIDLAND, Texas , April 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy" or the "Company") (NASDAQ: LGCY) today disclosed that Baines Creek Partners, L.P.'s (" Baines Creek ") notice of director nominations for the Company's 2019 Annual Meeting is invalid for failure to comply...

It's not a stretch to say that, right now, Legacy Reserves ( LGCY ) is not a particularly popular stock. If anything, it's one of the most unpopular stocks in the oil and gas E&P space, with (it seems at least) more commentators expecting management to file bankruptcy than for the firm t...

A few days ago, the management team at Legacy Reserves ( LGCY ) released the company's 10-K on the SEC's EDGAR Database. This move, after the firm previously announced an extension request, likely came as a surprise to many of its shareholders, myself included. In the report, the firm deta...

Legacy Reserves ( LGCY ) received a two-month extension to its credit facility, but has been left with increased interest costs. Legacy's $135 million capital expenditure budget appears likely to result in declining production. That combination of increased interest costs and declining product...

WILMINGTON, Del. , March 26, 2019 /PRNewswire/ -- Aedes LLC, a Delaware limited liability company, announced today that it has retained outside counsel in relation to its investment in the unsecured bonds of Legacy Reserves (Nasdaq: LGCY) ("Legacy").  On March 13, 2019 ,...