We entered the East Texas region through our July 2015 acquisitions in Anderson, Freestone, Houston, Leon, Limestone and Robertson counties. The properties in East Texas consist of mature, low-decline natural gas wells. The East Texas properties are supported by a 567 mile natural gas gathering system and plant we acquired as part of those acquisitions.

Legacy's wells in the East Texas basin are primarily located in Freestone, Leon and Robertson Counties, Texas. The wells in our East Texas fields are produced from multiple fields and formations which primarily include the Bossier and Cotton Valley formations at depths of approximately 12,000 to 14,000 feet. Legacy operates 929 active wells (923 producing, 6 injecting) in East Texas with working interests ranging from 19.2% to 100% and net revenue interests ranging from 16.6% to 87.2%. We also own another 572 non-operated wells (552 producing, 20 injecting). As of December 31, 2016, our properties in East Texas contained 56.4 MMBoe of net proved reserves with a standardized measure of $153.2 million. The average net daily production from this field was 13,125 Boe/d for the fourth quarter of 2016. The estimated reserve life (R/P) for this field is 11.8 years based on the annualized fourth quarter production rate.