MIDLAND, Texas, Feb. 28, 2012 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced that Steven H. Pruett, President, Chief Financial Officer and Secretary of Legacy Reserves GP LLC, has informed the Board of Directors that he intends to leave Legacy effective March 16, 2012 to pursue other professional opportunities.

Legacy also announced that James R. Lawrence, Legacy's Vice President-Finance and Treasurer, has been appointed as Interim Chief Financial Officer of Legacy Reserves GP LLC, to be effective immediately following Mr. Pruett's resignation. The Board intends to appoint a permanent CFO in due course, for which Mr. Lawrence will be strongly considered.

Cary D. Brown, Chairman and Chief Executive Officer of Legacy Reserves GP LLC, the general partner of Legacy, stated: "Steve has done a great job for Legacy and he has played a crucial role in the formation of Legacy. I want to thank him for his invaluable contributions to Legacy's growth during the last six years and wish him the very best in his next endeavor."

Mr. Brown continued: "I am pleased that Jim has accepted his new role as Interim CFO. He is a valued member of our Finance group and brings important financial and management experience to his new position to ensure continuity and a smooth transition as we continue to execute our growth strategy."

Jim Lawrence joined Legacy in June 2010 as Treasurer, and was promoted to Vice President-Finance and Treasurer in March 2011. Prior to joining Legacy, Mr. Lawrence worked for nine years in investment banking, including the last six years in the Energy Investment Banking Group at Raymond James & Associates, where he served as a Vice President from January 2007 to April 2010. Prior to his investment banking career and attending business school, Mr. Lawrence worked for five years in public accounting in Houston, focusing primarily on taxation. Mr. Lawrence holds an MBA with distinction from the Stern School of Business at New York University and a BBA in Accounting and Finance from the University of Texas at Austin.

About Legacy Reserves LP

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. Additional information is available at www.legacylp.com.

The Legacy Reserves logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3201

Cautionary Statement Relevant to Forward-Looking Information

This press release contains forward-looking statements relating to our operations that are based on management's current expectations, estimates and projections about its operations. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "schedules," "estimated," and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: realized oil and natural gas prices; production volumes, lease operating expenses, general and administrative costs and finding and development costs; future operating results and the factors set forth under the heading "Risk Factors" in our annual and quarterly reports filed with the SEC. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Legacy undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Legacy Reserves LP
         Cary D. Brown
         Chairman and Chief Executive Officer
         (432) 689-5200