Legacy Reserves LP Announces Increase in Quarterly Cash Distribution
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MIDLAND, Texas, July 22, 2008 (PRIME NEWSWIRE) -- Legacy Reserves LP
(Nasdaq:LGCY) today announced that the board of directors of its general partner
has approved a cash distribution attributable to the second quarter of 2008 of
$0.52 per unit, payable on August 14, 2008 to unitholders of record at the close
of business on August 1, 2008. This increased quarterly distribution represents
an annualized distribution of $2.08 per unit. This quarterly distribution of
$0.52 per unit represents a $0.03, or a 6.1%, increase over the quarterly
distribution paid with respect to the previous quarter and is the fifth
consecutive increase in quarterly distribution since Legacy's IPO in January of
2007.
About Legacy Reserves LP
We are an independent oil and natural gas limited partnership headquartered in
Midland, Texas, and are focused on the acquisition and development of oil and
natural gas properties primarily located in the Permian Basin and Mid-continent
regions. Additional information is available at www.LegacyLP.com.
The Legacy Reserves logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3201
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CONTACT: Legacy Reserves LP
Steven H. Pruett, President and Chief Financial Officer
432-689-5200
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