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Legacy Reserves' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: LGCY

Legacy Reserves LP (LGCY)

Q3 2011 Earnings Call

November 03, 2011 10:00 AM ET

Executives

Steve Pruett – President, CFO and Secretary

Cary Brown – CEO and Chairman of the Board

Paul Horne – EVP, Operations

Analysts

Kevin Smith – Raymond James & Associates

T.J. Schultz – RBC Capital Markets.

Ethan Bellamy – Robert W. Baird

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Legacy Reserves Third Quarter Results Conference Call. Your speakers for today’s call 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 November 3, 2011.

I would now like to turn the call over to Mr. Pruett.

Steve Pruett

Thank you, Mimi. Welcome to the Legacy Reserves LP’s third quarter earnings call. 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 September 30, 2011, which will be released on or about November 4th, and subsequent reports as filed with the Securities and Exchange Commission. Legacy Reserves is an independent oil and natural gas limited partnership, headquartered in Midland, Texas, focused on the acquisition and development of long-lived oil and natural gas properties primarily located in the Permian Basin, Rocky Mountain and Mid-Continent regions of the United States.

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