Legacy Reserves Inc. appointed Doug York to the company's board, replacing Dwight Scott, who has resigned from the board effective immediately.
With Scott's resignation from Legacy's board, GSO gave up its board nomination right, according to an Oct. 8 news release. Scott is the senior managing director of the private equity firm Blackstone Group LP and president of Blackstone's credit investment arm GSO Capital Partners LP. York is the managing director for Sequel Energy Group LLC which invests in drilling joint ventures.
Unitholders of Legacy Reserves and Legacy Reserves LP recently voted to approve a previously announced merger agreement, which would make Legacy a publicly-traded corporation.
Legacy Reserves is an oil and gas exploration and production company with operations in the Permian Basin, east Texas, Rocky Mountain and Mid-Continent regions.