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Balance Sheet Cash Flow Statement 303 W. Wall St., Ste. 1400 Midland, TX 79701 TX Tel. 432-689-5200 Fax 432-689-5299 |
Type: Public
On the web:
http://www.legacylp.com
Employees:
98
Employee growth: 69.0%
Legacy Reserves has its sights set on creating its very own prosperous legacy. The independent oil and gas company explores for oil and gas deposits in the Permian Basin of West Texas and southeast New Mexico and exploits those resources. In 2007 Legacy Reserves reported proved reserves of 32.1 million barrels of oil equivalent (74% oil and natural gas liquids; 87% proved developed). The company was formed in 2005 to own and operate the oil and natural gas properties that it acquired from the Moriah Group, the Brothers Group, and MBN Properties. These investors, along with the firm's directors and executive officers, own about 37% of Legacy Reserves.
Key numbers for fiscal year ending December, 2008:
Sales: $215.4M
One year growth: 91.9%
Net income: $158.2M
Officers:
Chairman and CEO: Cary D. Brown
EVP Operations: Paul T. Horne
President, CFO, and Secretary: Steven H. (Steve) Pruett
Competitors:
Carrizo Oil & Gas
Occidental Permian
TXCO Resources
