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Legacy Reserves reports 2011 development capital budget


Published Nov 16, 2010
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Legacy Reserves LP to acquire oil and natural gas producing properties for $20.8 million-Spotlight

Legacy Reserves LP says that the Board of Directors of Legacy Reserves GP, LLC, the general partner of Legacy Reserves LP, approved a 2011 development capital budget of $45 million, excluding acquisitions.

The 2011 capital budget consists of development drilling and completion expenditures, recompletions, and restimulations of existing wells.

This capital budget may be adjusted during the year in response to changes in oil and natural gas prices, cash flow, results of operations and acquisitions.

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