Legacy Reserves Reports No Counterparty Exposure to Lehman Brothers Holdings Inc. Or Its Affiliates

MIDLAND, Texas, Sept. 17, 2008 (GLOBE NEWSWIRE) — Legacy Reserves LP (Nasdaq:LGCY) today announced that it has no hedging or other contractual counterparty exposure to Lehman Brothers Holdings Inc., its subsidiaries or its affiliates.

About Legacy Reserves LP

Legacy 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 and Mid-continent regions of the United States. Additional information is available at www.LegacyLP.com.

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 CONTACT:  Legacy Reserves LP           Steven H. Pruett, President and             Chief Financial Officer            432-689-5200