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LRR Energy Talks Vanguard Merger in 2Q; Produces 6,900 BOE/d
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LRR Energy, L.P. reported its operating and financial results for the three and six months ended June 30, 2015.
Selected Financial and Operating InformationLRR Energy’s average net production for July 2015 was approximately 6,900 Boe/d through July 24, 2015.
Recent EventsAs of July 29, 2015, LRR Energy had $235 million of outstanding borrowings under its revolving credit facility and $50 million of outstanding borrowings under its term loan. LRR Energy currently has $8 million of available borrowing capacity under its revolving credit facility and $11 million of cash on hand.
LRR Energy previously announced that the board of directors of its general partner declared a cash distribution for the second quarter of 2015 of $0.1875 per outstanding unit, or $0.75 on an annualized basis. The…
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