updated 11/16/2010 4:45:31 AM ET 2010-11-16T09:45:31

MIDLAND, Texas, Nov. 15, 2010 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced that the Board of Directors of Legacy Reserves GP, LLC, the general partner of Legacy Reserves LP, approved a 2011 development capital budget of $45 million, excluding acquisitions. The 2011 capital budget consists of development drilling and completion expenditures, recompletions, and restimulations of existing wells. This capital budget may be adjusted during the year in response to changes in oil and natural gas prices, cash flow, results of operations and acquisitions. 

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 www.LegacyLP.com .

The Legacy Reserves logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3201

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