Attached files
file | filename |
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8-K - FORM 8-K - LEGACY RESERVES LP | h85640e8vk.htm |
EX-8.1 - EX-8.1 - LEGACY RESERVES LP | h85640exv8w1.htm |
EX-1.1 - EX-1.1 - LEGACY RESERVES LP | h85640exv1w1.htm |
Exhibit 5.1
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600 Travis, Suite 4200 Houston, Texas 77002 713.220.4200 Phone 713.220.4285 Fax andrewskurth.com |
November 10, 2011
Legacy Reserves LP
303 W. Wall St., Suite 1400
Midland, Texas 79701
303 W. Wall St., Suite 1400
Midland, Texas 79701
Ladies and Gentlemen:
We have acted as special counsel to Legacy Reserves LP, a Delaware limited partnership (the
Partnership), in connection with the
offering and sale of up to 3,910,000 units representing
limited partner interests in the Partnership (including the units to be issued upon exercise of the
underwriters option to purchase up to 510,000 additional units) (the Units) pursuant to
the Partnerships registration statement on Form S-3
(Registration No. 333-174434), filed under the
Securities Act of 1933, as amended (the Securities Act), filed on and automatically
effective on May 24, 2011, and amended by a post-effective amendment filed on September 7, 2011
(the Registration Statement). A prospectus supplement dated November 8, 2011, which
together with the accompanying prospectus dated September 6, 2011 shall constitute the
Prospectus, has been filed pursuant to Rule 424(b) promulgated under the Securities Act.
As the basis for the opinions hereinafter expressed, we have examined such statutes, including
the Delaware Revised Uniform Limited Partnership Act, as amended (the Delaware LP Act),
regulations, corporate records and documents, including the Amended and Restated Agreement of
Limited Partnership of the Partnership dated effective as of March 15, 2006, as amended to date
(the Partnership Agreement), certificates of corporate and public officials, and other
instruments and documents as we have deemed necessary or advisable for the purposes of this
opinion. In making our examination, we have assumed and not verified (i) the genuineness of all
signatures on documents examined by us, (ii) the legal capacity of all natural persons, (iii) the
authenticity of all documents submitted to us as originals and (iv) the conformity with the
original documents of all documents submitted to us as certified, conformed or photostatic copies.
We have also assumed that all Units will be issued and sold in the manner described in the
Prospectus and in accordance with the terms of the underwriting agreement dated November 8, 2011
relating to the offer and sale of the Units (the Underwriting Agreement).
Based upon the foregoing, and subject to the limitations, qualifications, exceptions and
assumptions set forth herein, and having due regard for such legal considerations as we deem
relevant, we are of the opinion that (i) the issuance of the Units by the Partnership in accordance
with the terms of the Underwriting Agreement has been duly authorized by the general partner of
Austin Beijing Dallas Houston London New York Research Triangle Park The Woodlands Washington, DC
Legacy Reserves LP
November 10, 2011
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November 10, 2011
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the Partnership and (ii) when the Units have been issued and delivered in accordance with the terms
of the Underwriting Agreement, the Units will be validly issued, fully paid and non-assessable. We
note, however, that a holder of Units (1) may be obligated to
repay any funds distributed to it if such holder knew
that such funds were wrongfully distributed to it by the Partnership or (2) if certain rights or
actions permitted under the Partnership Agreement were deemed by a court to be participation in
control, such holder of Units may be held liable for the obligations of the Partnership.
We express no opinion other than as to the federal laws of the United States of America and
the Delaware LP Act (including the applicable provisions of the Delaware Constitution and reported
judicial decisions interpreting those laws) as in effect and existing on the date hereof.
We consent to the filing by you of this opinion as an exhibit to the Partnerships Current
Report on Form 8-K filed on the date hereof, and we further consent to the use of our name under
the caption Legal Matters in the Prospectus. In giving these consents, we do not thereby admit
that we are within the category of persons whose consent is required under Section 7 of the
Securities Act, as amended.
Very truly yours, |
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/s/ Andrews Kurth LLP | ||||