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Posted On: 04/16/2013 1:28:46 PM
Post# of 99207
Posted By: umiak
Re: umiak #22633



LGCY-customer of-JCDS since 2010:


Legacy Reserves (NASDAQ: LGCY) has also seen huge growth since JCDS announced them as a customer in 2010.

In 2010 LGCY had total revenue of $216,389,000. By the end of 2012 it had grown to $346,460,000.


Legacy-seems-a-perfect candidate for Payment Manager new bidding service:


bid funds for oil and gas land leases will be managed by us throughout the bid process. Bidding companies will sign with Payment Manager to process their bid funds utilizing our unique system which keeps their cash from being tied up in cashier's checks, money orders or surety bonds. This new process eliminates the need for paper, making the complete bid process more economical for both the government agencies and the bidder.



From the LGCY website:

Legacy Reserves LP (NASDAQ – LGCY) is an independent oil and natural gas limited partnership headquartered in Midland, Texas, and is 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.



JCDS



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