MIDLAND, Texas, Oct. 7, 2010 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced that its bank group has completed its semi-annual redetermination of the borrowing base applicable to Legacy's revolving credit facility. BNP Paribas, Legacy's Agent Bank, has notified Legacy that it has received approval from the additional members of the bank group to maintain Legacy's borrowing base at $410 million. The next borrowing base review is scheduled for April 1, 2011. Legacy's borrowing capacity under its credit facility is currently $120 million.
About Legacy Reserves LP
Legacy Reserves LP is an independent oil and natural gas limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent and Rocky Mountain regions of the United States. Additional information is available at .
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CONTACT: Legacy Reserves LP Steven H. Pruett, President and Chief Financial Officer 432-689-5200