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Vanguard Natural Resources, LLC Message Board

  • buyandwin buyandwin Dec 30, 2013 8:38 AM Flag

    VNR Agrees To Buy Property in Wyoming For $581 M

    Vanguard Natural Resources, LLC (VNR) (“Vanguard” or “the Company”) today announced it has entered into a definitive agreement to acquire natural gas and oil properties in the Pinedale and Jonah fields of Southwestern Wyoming for a purchase price of $581 million from an unnamed source. The properties being sold consist of approximately 87,000 gross acres (14,000 net acres) that are currently producing approximately 113.4 Mmcfe per day with approximately 80% being natural gas, 4% oil and 16% natural gas liquids (“NGLs”). The effective date of the acquisition is October 1, 2013 and the Company anticipates closing this acquisition on or before January 31, 2014.
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    Good things happen to those that have patience.
    VNR also will trade X-Distribution Today and will pay the money or drip into additional units on Jan 15,2014.

    b&w

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