Legacy Reserves to Become Revenir Energy
DENVER–(BUSINESS WIRE)–Legacy Reserves Inc., a leading independent oil and gas company, announced today the completion of its rebranding as Revenir Energy Inc (“Revenir”). The decision to rebrand brings internal and external stakeholders together under a new banner reflecting the strategic evolution of the company and its renewed focus as a top-tier operator in two of the premier basins in the United States.
After several transformative years, Revenir has transitioned into a private company led by a new executive team. The company combines a strong production base, a deep inventory of unconventional horizontal development opportunities, and significant capital resources to position itself as one as one of the preeminent small-cap companies in the industry. With its established operational and technical team, Revenir is focused on the creation of shareholder value through the efficient development and operation of its assets, with an emphasis on free cash flow generation, capital efficiency, and sustainable growth.
“Our rebranding under Revenir is a significant milestone in our company’s journey,” said Richard Betz, CEO of Revenir Energy Inc. “We believe that our new name reflects our continued commitment to industry-leading operations and development in the Permian Basin and East Texas. We are confident that our new brand will help us to continue delivering value to our stakeholders and support our long-term growth.”
About Revenir Energy Inc.
Revenir is headquartered in Denver, Colorado with offices in Midland, Texas and The Woodlands, Texas. The company is led by its senior executive team, including CEO Richard Betz, President & CFO Michael Stefanoudakis, SVP – Senior Technical Officer Michael Rumon, and SVP – of Operations Douglas Dietrich, all former members of the senior management team of Resolute Energy Corp., an NYSE-listed Permian Basin operator sold to Cimarex Energy in 2019. Revenir’s business strategy is focused on the operation and development of oil and natural gas properties in the Permian Basin of West Texas and Shelby County region of East Texas.
For more information, please visit [www.revenirenergy.com].
Contacts
Media: Michael Stefanoudakis, President & CFO, mstefanoudakis@revenirenergy.com 720-798-2482
