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Legacy Reserves' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Legacy Reserves LP (LGCY)

Q1 2012 Earnings Call

May 3, 2012 10:00 a.m. ET

Executives

James Lawrence – Interim CFO, Treasurer, VP

Cary Brown – Chairman, President, CEO

Kyle McGraw – Director, EVP-Business Development & Land

Analysts

Kevin Smith – Raymond James

Ethan Bellamy – Robert Baird

John Ragozzino – RBC Capital Markets

Bernie Colson – Global Hunter

Christopher Sighinolfi – UBS

Presentation

Operator

Ladies and gentleman, thank you for standing by. Welcome to the Legacy Reserves First Quarter Results conference call. Your speakers for today are Cary Brown, Chairman, President, and Chief Executive Officer, and James R. Lawrence, Interim Chief Financial Officer, Vice President, Finance, Treasurer. At the time all participants are listen-only mode. Following call there will be a question-and-answer session. As remainder, this call is being recorded today, May 3, 2012.

I’ll now turn the conference over to Mr. Lawrence.

James Lawrence

Welcome to Legacy Reserves LP’s first 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 would be forward-looking statement 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 March 31, 2012, which will be released on or about May 4 and subsequent reports as filed with Securities and Exchange Commission.

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