June 11, 2010 (FinancialWire) — Legacy Reserves LP (NASDAQ: LGCY) has closed acquisitions of oil and gas properties located in the Permian Basin for $9.2 million in three separate transactions, and in two unrelated transactions acquired the talents of two new executives.

The subject properties are operated and produce approximately 179 barrels of oil per day, of which 84% is oil and natural gas liquids. Proven reserves are 869 million barrels from internal estimates.

Danny Boone has joined Legacy as its business development manager, where he will identify and pursue acquisition opportunities. Boone is a degreed petroleum engineer with 24 years of experience in engineering and operations management and acquisitions and divestitures with Meridian Oil, Burlington Resources, and ConocoPhillips.

Jim Lawrence is Legacy's new treasurer, having previously spent nine years in investment banking, most recently as a vice president in the Energy Investment Banking Group at Raymond James & Associates.

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.

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