Legacy Reserves LP’s Corporate Transition

Baker Botts represented Moriah Properties, Ltd., a member of the General Partner, in the transaction.

On March 26, 2018, Legacy Reserves LP (“Legacy”) (NASDAQ: LGCY) announced the execution of definitive documentation to effectuate its corporate transition to Legacy Reserves Inc. (“New Legacy”), a newly-created Delaware corporation (the “Transaction”), including the purchase of the general partner of Legacy (the “General Partner”).

Legacy Reserves LP acquires and explores for oil and natural gas properties in the United States. The company, led by Paul T Horne, Micah C Foster and James Daniel Westcott in 2017 recorded $460 Million Revenues.

Moriah Properties Ltd operates as an energy company. The company is based in Midland (TX).

Baker Botts represented Moriah Properties, Ltd. with a team including Travis Wofford (Picture), Josh Davidson; Bill Pritchett (Corporate), Mike Bresson; Zak Morozov (Tax), Danny David and Amy Hefley (Advisory).

Involved fees earner: Travis Wofford – Baker Botts; Joshua Davidson – Baker Botts; Bill Pritchett – Baker Botts; Michael Bresson – Baker Botts; Zak Morozov – Baker Botts; Danny David – Baker Botts; Amy Pharr Hefley – Baker Botts;

Law Firms: Baker Botts;

Clients: Moriah Properties Ltd;

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Author: Ambrogio Visconti