Legacy Reserves LP Increases Quarterly Cash Distribution Rate to $0.55, or 4.8% YoY

Legacy Reserves LP ("Legacy") LGCY today announced that the Board of Directors of its general partner has approved a cash distribution attributable to the fourth quarter of 2011 of $0.55 per unit, payable on February 14, 2012, to unitholders of record at the close of business on January 31, 2012. This quarterly distribution is a $0.005 increase from the prior quarter and represents an annualized distribution of $2.20 per unit. On a year-over-year basis, Legacy's quarterly distribution has increased 4.8%. Legacy will provide the details of its fourth quarter and annual 2011 operating and financial performance with its earnings report which is scheduled to be released on Tuesday, February 21, 2012, following the close of NASDAQ trading.