MIDLAND, Texas, July 20, 2012 (GLOBE NEWSWIRE) -- Legacy Reserves LP
("Legacy") (Nasdaq:LGCY) today announced that the Board of Directors of
its general partner has approved a cash distribution attributable to
the second quarter of 2012 of $0.56 per unit, payable on August 10,
2012, to unitholders of record at the close of business on July 30,
2012. This quarterly distribution is a $0.005 increase from the prior
quarter and represents an annualized distribution of $2.24 per unit. On
a year-over-year basis, Legacy's quarterly distribution has increased
3.7%.

Legacy will provide the details of its second quarter 2012 operating
and financial performance with its earnings report, which is scheduled
to be released on Wednesday, August 1, 2012, following the close of
NASDAQ trading.

Earnings Conference Call

A teleconference and web cast will be held on Thursday, August 2, 2012,
beginning at 9:00 a.m. (Central Time). Those wishing to participate in
the conference call should dial 877-266-0479. A replay of the call will
be available through Monday, August 6, 2012, by dialing 855-859-2056 or
404-537-3406 and entering replay code 12440391.

Those wishing to listen to the live or archived web cast via the
Internet should go to the Investor Relations tab of our website at
www.LegacyLP.com.

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 Securities
and Exchange Commission. 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.

Withholding Information

This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100.0%) of Legacy's distributions to foreign investors
as being attributable to income that is effectively connected with a
United States trade or business. Accordingly, Legacy's distributions to
foreign investors are subject to federal income tax withholding at the
highest applicable rate.


CONTACT: Legacy Reserves LP
         James R. Lawrence
         Interim Chief Financial Officer,
         Vice President - Finance and Treasurer
         432-689-5200