Vanguard Natural Resources, LLC (NYSE: VNR) ("Vanguard") announced the completion of the merger with Encore Energy Partners LP into a wholly-owned subsidiary of Vanguard effective December 1, 2011.
"The completion of the merger between Vanguard and Encore is a milestone event for Vanguard and our unitholders. With this transaction, we more than doubled our reserves and production and have expanded our operating platform in the prolific Permian Basin and established new oil focused operating areas in the Big Horn Basin in Northwest Wyoming and in the Williston Basin in North Dakota and Montana. Since the closing of the initial Denbury purchase in December of last year, we have successfully integrated the operations of the two companies and now, as a single, much larger entity, we are looking forward to continuing our track record of growing reserves and distributions on behalf of our unitholders," said Scott W. Smith, president and chief executive officer of Vanguard.
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development oil and natural gas properties. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the southern portion of the Appalachian Basin, the Permian Basin, South Texas, Mississippi, Big Horn Basin in Wyoming and Montana, the Williston Basin in North Dakota and Montana and the Arkoma Basin in Arkansas and Oklahoma. More information on Vanguard can be found at www.vnrllc.com.
Special Meeting of Unitholders
Encore Energy Partners LP
Wednesday, November 30, 2011 at 10:00 am CST
Vinson & Elkins
1001 Fannin Street, Suite 2500
Houston, Texas 77002
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