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Legacy Reserves LP Announces New Chief Financial Officer

Stocks in this article: LGCY

MIDLAND, Texas, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced the appointment of James "Dan" Westcott as Executive Vice President and Chief Financial Officer of Legacy Reserves GP, LLC, the general partner of Legacy, effective on or about September 24, 2012. James R. Lawrence, who has been serving as Interim Chief Financial Officer, Vice President - Finance and Treasurer of Legacy Reserves GP, LLC since February 2012, will continue in that capacity until such date and continue thereafter as Vice President - Finance and Treasurer.

Prior to joining Legacy, Mr. Westcott served as a Principal at GSO Capital Partners LP, a division of The Blackstone Group L.P. (NYSE:BX), where he was involved in the sourcing, structuring, evaluation and management of debt and equity investments for public and private companies in the energy and power industries. Mr. Westcott is currently a Director of each of Bear Tracker Energy LLC, a private midstream company, Compass Well Services LLC, a private pressure pumping company, Energy Alloys LLC, a private global provider of oilfield metals solutions to the energy industry, and Peace Gospel International, a non-profit organization with charitable programs in Asia and Africa. Prior to his time at GSO Capital Partners LP, Mr. Westcott worked as an investment banker at J.P. Morgan's Global Energy Group. Mr. Westcott received a Bachelor of Arts degree in Science Technology & Society and a Master of Science degree in Management Science, both from Stanford University.

Cary D. Brown, Chairman of the Board of Directors, President and Chief Executive Officer of Legacy Reserves GP, LLC, stated, "We are extremely pleased to announce the addition of Dan Westcott to Legacy's senior management team. Dan's leadership skills and experience in energy private equity, capital markets and mergers and acquisitions make him ideally suited to lead our finance and accounting groups and to assist Legacy as we expand the scope of our business in the years ahead. I would also like to thank Jim Lawrence for his outstanding performance as interim CFO during this transition period. Jim is a valuable member of the team and we appreciate his dedication to Legacy."

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