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Legacy Reserves LP (LGCY) Legacy Reserves focuses 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 U.S. Co.'s development projects are primarily focused on drilling and completing wells, but also include accessing additional productive formations in existing well-bores, formation stimulation, and artificial lift equipment improvement, as well as secondary (waterflood) and tertiary (miscible carbon dioxide and nitrogen) recovery projects. As of Dec 31 2011, Co. had proved reserves of 38.2 million barrels of oil, 122.60 billion cubic feet of natural gas, and 4.8 million barrels of natural gas liquids.
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