2008-09-02-2008-04-30-2008-03-13

Acquired assets in 30 counties, gaining 4.1 MMBOE proved, 793 BOE/d mostly in TX, NM, OK, KS.

Legacy Reserves LP, Midland, Texas, (Nasdaq: LGCY) has closed its acquisition of producing properties in the Permian Basin in West Texas and southeastern New Mexico and in Oklahoma and Kansas from Crown Oil Partners III LP for $79.7 million. Legacy paid $50.6 million in cash and 1,345,291 newly issued units representing limited partner interests in Legacy. The assets are in 30 counties with 80% in the Permian and most in Upton, Ector and Midland counties in Texas. Total proved reserves are approximately 4.1 million barrels of oil equivalent (80% proved developed producing). Net production is 793 barrels equivalent per day from 205 wells. The reserves-to-production ratio is approximately 14 years. The effective date is Jan. 1. Legacy funded the acquisition with borrowings from its revolving credit facility. Legacy has also entered Nymex WTI oil swaps and Waha gas swaps related to the acquisition.