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NGL Energy Partners LP announced that the Board of Directors of its general partner has authorized a unit repurchase program, under which NGL may repurchase up to $45 million of its outstanding units representing limited partnership interests of NGL through March 31, 2016.
NGL may repurchase units from time to time in the open market or in other privately negotiated transactions, subject to market conditions. The unit repurchase program authorization does not obligate NGL to repurchase any dollar amount or number of its units, and repurchases may be commenced or suspended from time to time without prior notice.
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