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AMENDMENT NO. 1 TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF LEGACY RESERVES LP

Limited Liability Partnership LLP Agreement

AMENDMENT NO. 1 TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
OF LEGACY RESERVES LP | Document Parties: LEGACY RESERVES LP | Legacy Reserves GP, LLC You are currently viewing:
This Limited Liability Partnership LLP Agreement involves

LEGACY RESERVES LP | Legacy Reserves GP, LLC

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Title: AMENDMENT NO. 1 TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF LEGACY RESERVES LP
Date: 3/28/2007
Industry: Oil and Gas - Integrated     Sector: Energy

AMENDMENT NO. 1 TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
OF LEGACY RESERVES LP, Parties: legacy reserves lp , legacy reserves gp  llc
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LEGACY ANNOUNCES REVISION TO DECEMBER 31, 2006 UNREALIZED MARK-TO-MARKET SWAP POSITION

MIDLAND, Texas—(PRIMENEWSWIRE)—Legacy Reserves LP (NASDAQ:LGCY) today announced it has revised its unaudited, preliminary earnings downward by approximately $0.43 million due to a reporting error by the counterparty on Legacy’s natural gas swaps. The swap counterparty has now revised our unrealized mark-to-market swap position as of December 31, 2006. The subject change to our financial statements is a non-cash reduction to earnings, which does not affect our ability to make our expected cash distributions.

For the year ending December 31, 2006, earnings are $4.36 million ($0.26 basic and diluted earnings per unit). Based on information previously available from the counterparty, Legacy on March 20, 2007 had reported earnings for this period of $4.79 million ($0.29 basic and diluted earnings per unit). This non-cash reporting error, whi


 
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