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Legacy Reserves LP's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Legacy Reserves LP (LGCY)

Q2 2011 Earnings Conference Call

August 4, 2011 10:00 ET

Executives

Cary Brown – Chairman and Chief Executive Officer

Steve Pruett – President and Chief Financial Officer

Analysts

Kevin Smith – Raymond James

Michael Blum – Wells Fargo

Ethan Bellamy – Robert W. Baird

Presentation

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Legacy Reserves Second Quarter Results Conference Call. Your speakers for today are Cary Brown, Chairman and Chief Executive Officer and Steve Pruett, President and Chief Financial Officer. At this time, all participants are in a listen-only mode. Following the call there will be a question-and-answer session. As a remainder, this call is being recorded today August 1, 2011.

I’ll now turn this conference over to Mr. Pruett.

Steve Pruett – President and Chief Financial Officer

Thanks, Caron. Welcome to the Legacy Reserves LP’s second quarter earnings call. Thank you for joining us this morning. Before we begin, we would like to remind you that during the course of this call, Legacy management will make certain statements concerning the future performance of Legacy and other statements that will be forward-looking as defined by securities laws.

These statements reflect our current views with regard to future events and are subject to various risks, uncertainties and assumptions. Actual results may materially differ from those discussed in these forward-looking statements and you should refer to the additional information contained in Legacy Reserves LP’s Form 10-Q for the quarter ended June 30, 2011, which will be released on or about August 4th, that’s today, and subsequent reports as filed with the Securities and Exchange Commission. We also encourage you to review our 10-K, which was filed in March along with our press releases. Legacy Reserves LP is an independent oil and natural gas limited partnership, headquartered in Midland, Texas, focused on the acquisition development of long-lived rock oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions in the United States.

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