Legacy Reserves LP has signed definitive purchase agreements to acquire certain oil and natural gas producing properties from two private companies for an aggregate purchase price of $20.8 million, subject to purchase price adjustments, to be paid in cash.

The properties are located in Midland, Upton and Reagan counties of West Texas and Lea and Eddy counties of southeast New Mexico. The acquisitions are subject to customary closing conditions and are expected to close by the end of April.

Cary Brown, Chairman and Chief Executive Officer of the general partner of Legacy Reserves LP, said, "The subject properties are near our existing Permian Basin properties and offer identified exploitation opportunities."