Legacy Reserves (Legacy Reserves) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2019)

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What is Legacy Reserves Long-Term Capital Lease Obligation?

Legacy Reserves's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil.

Legacy Reserves Long-Term Capital Lease Obligation Historical Data

The historical data trend for Legacy Reserves's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legacy Reserves Long-Term Capital Lease Obligation Chart

Legacy Reserves Annual Data

Trend

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Long-Term Capital Lease Obligation

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Legacy Reserves Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Legacy Reserves (NAS:LGCYO.PFD) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Legacy Reserves Long-Term Capital Lease Obligation Related Terms

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Legacy Reserves (Legacy Reserves) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYO.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.

Executives

Robert L Norris	officer: Chief Financial Officer	303 W. WALL ST, SUITE 1800, MIDLAND TX 79701
Ferrara Albert E Iii	officer: See Remarks	303 W WALL ST, SUITE 1800, MIDLAND TX 79701
Elliott Cory J	officer: Chief Information Officer	303 W WALL ST, SUITE 1800, MIDLAND TX 79701
Douglas W York	director	1776 LINCOLN ST, STE 700, DENVER CO 80202
Baines Creek Capital, Llc	10 percent owner	11940 JOLLYVILLE, SUITE 210-S, AUSTIN TX 78759
William R Granberry	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
D Dwight Scott	director	1601 N.W. EXPRESSWAY, SUITE 1600, OKLAHOMA CITY OK 73118
Kyle D Vann	director	11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Cary D Brown	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
G Larry Lawrence	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Kyle A Mcgraw	officer: EVP and CDO	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Paul T Horne	director, officer: Chairman and CEO	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Micah C. Foster	officer: CAO and Controller	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Dan G. Leroy	officer: VP, GC and Secretary	303 W. WALL STREET, SUITE 4200, MIDLAND TX 79701
James Daniel Westcott	officer: President and CFO	C/O LEGACY RESERVES GP LLC, 303 W WALL STREET SUITE 1400, MIDLAND TX 79701