22 May 2007director interest notice● Neutral
LEGACY RESERVES LP director William D Sullivan bought 4,000 shares on the open market at $27.90.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2007material agreement▲ Good
On May 3, 2007 Legacy amended its March 2006 credit agreement with BNP Paribas as agent: Wachovia Bank was added as a lender and the borrowing base rose from $130 million to $150 million. This gives Legacy more borrowing capacity; the filing does not say how much is drawn.
4 May 2007asset acquisition disposition▲ Good
Legacy closed its purchase of producing properties in Lea and Eddy Counties, southeast New Mexico, from Ameristate Exploration on May 1, 2007 for about $5.5 million in cash. Required financial statements will be filed later.
19 Apr 2007asset acquisition disposition▲ GoodMajor
The East Binger acquisition from Nielson & Associates closed April 16, 2007 on the announced terms: about $45 million, paid $30 million in cash plus 611,247 new Legacy units. Nielson received rights to have those units included in future registration statements. Financial statements for the deal are to be filed later.
11 Apr 2007director interest notice● Neutral
LEGACY RESERVES LP VP, CAO and Controller William M Morris exercised stock options for 6,680 shares and disposed of 13,360 shares.
21 Mar 2007capital raising announcement▲ GoodMajor
Legacy's operating subsidiary agreed on March 20, 2007 to buy producing properties in the East Binger (Marchand) Unit, Caddo County, Oklahoma from Nielson & Associates for about $45 million: $30 million in cash and 611,247 Legacy units (the remainder). Closing is expected in mid-April 2007, subject to conditions, and the deal is not conditioned on financing.
18 Jan 2007director interest notice● Neutral
LEGACY RESERVES LP director G Larry Lawrence bought 2,250 shares on the open market at $19.00.
18 Jan 2007material agreement▲ GoodMajor
Legacy closed its initial public offering on January 18, 2007: 6,900,000 units sold at $19.00 each to the public ($17.67 net of underwriting discounts), including the full 900,000-unit underwriters' option exercised January 17. This completes the offering priced January 11 and follows the January 12 prospectus supplement; the filing does not state the total proceeds or how they will be used.
12 Jan 2007securities registration● Neutral
LEGACY RESERVES LP filed a prospectus supplement for an offering off its existing shelf.
11 Jan 2007director interest notice● Neutral
Paul T Horne became a LEGACY RESERVES LP Vice President-Operations and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Brothers Production Company, INC. became a LEGACY RESERVES LP 10%+ owner and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Mbn Properties LP became a LEGACY RESERVES LP 10%+ owner and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
G Larry Lawrence became a LEGACY RESERVES LP director and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Moriah Properties, LTD. became a LEGACY RESERVES LP 10%+ owner and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
William M Morris became a LEGACY RESERVES LP VP, CAO and Controller and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Kyle A Mcgraw became a LEGACY RESERVES LP Exec VP Business Development and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Cary D Brown became a LEGACY RESERVES LP Chief Executive Officer and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Steven H Pruett became a LEGACY RESERVES LP President, CFO and Secretary and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Kyle D Vann became a LEGACY RESERVES LP director and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
S Wil Vanloh Jr. became a LEGACY RESERVES LP director and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Dale A Brown became a LEGACY RESERVES LP director and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
William D Sullivan became a LEGACY RESERVES LP director and company insider (initial ownership filing).
11 Jan 2007director interest notice● Neutral
Brothers Production Properties, LTD. became a LEGACY RESERVES LP 10%+ owner and company insider (initial ownership filing).
10 Jan 2007listing compliance notice▲ GoodMajor
Nasdaq certified LEGACY RESERVES LP's securities for listing, clearing them to begin trading.
29 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.
29 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.
29 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.
21 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.
21 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.
21 Dec 2006securities registration● Neutral
LEGACY RESERVES LP amended a filing by which it registered a securities offering with the SEC.