Legacy Reserves Announces New CFO

By Connie Loizos — 3 years ago

Midlands, Texas-based Legacy Reserves has appointed Dan Westcott as Executive VP and CFO, effective later this month. Westcott was previously a principal at GSO Capital Partners, a division of the Blackstone Group. Legacy Reserves is an independent oil and natural gas limited partnership that is focused on the acquisition and development of oil and natural gas […]

Continue

Legacy Rejects Apollo Buyout Offer

By PEHub Administrator — 7 years ago

Legacy Reserves LP (Nasdaq: LGCY), a Midland, Texas-based oil and gas exploration company focused on the Permian Basin and mid-continent regions, said that it is terminating sale talks with Apollo Management. The two sides had been in discussions over a $14 per unit deal that would have valued Legacy’s equity at $435 million.

Continue

Apollo Offers to Buy Legacy Reserves LP

By PEHub Administrator — 7 years ago

Apollo Management has offered to acquire Legacy Reserves LP (Nasdaq: LGCY), a Midland, Texas-based oil and gas exploration company focused on the Permian Basin and mid-continent regions. Legacy unit-holders would receive $14 per unit (40% premium to Friday’s closing price), for a total equity value of $435 million. Legacy management has signaled that it would be retained, were the deal to be approved.

Continue