Legacy Reserves Inc. is Heading Towards Bankruptcy

Legacy Reserves Inc. is an independent energy company. The Company is engaged in the development, production and acquisition of oil and natural gas properties in United States. The Company's operating regions include the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The Permian Basin, producing oil and natural gas basins in the United States, and extend over 100,000 square miles in West Texas and southeast New Mexico. The properties in East Texas consist of mature, low-decline natural gas wells. The East Texas properties are supported by a 601 mile natural gas gathering system and plant. Its properties in the Mid-Continent region located in Oklahoma. Rocky Mountain region comprised by acquisitions in the Big Horn, Wind River and Powder River Basins in Wyoming largely consisting of mature oil wells with a natural water drive producing primarily from the Dinwoody-Phosphoria, Tensleep and Minnelusa formations.