September 17, 2009 (FinancialWire) — Legacy Reserves LP (NASDAQ: LGCY) plans to sell 3,300,000 units in an underwritten public offering pursuant to an effective shelf registration statement on form S-3 previously filed with the Securities and Exchange Commission.

The underwriters have been granted a 30-day option to purchase up to 495,000 additional units. Legacy Reserves LP intends to use the net proceeds of this offering, including the net proceeds from any exercise of the underwriters’ option to purchase additional units, for general partnership purposes, including potential future acquisitions. Pending the use of the proceeds for other purposes, Legacy Reserves LP intends to apply the net proceeds to reduce outstanding borrowings under its revolving credit facility.

Wells Fargo Securities, LLC, Raymond James & Associates, Inc. and RBC Capital Markets Corp. will act as joint book-running managers of the offering.

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