Exploration & Production | Quarterly / Earnings Reports
Vanguard Steps Up Daily Gas Production 196%; Details Permian Acquisition
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Vanguard Natural Resources LLC reported financial and operational results for the quarter ended June 30, 2013.
Mr. Scott W. Smith, President and CEO, commented, "This quarter we reached record levels of production as we continue to see the benefits of our acquisition efforts in 2012 and in the first quarter of 2013. We are excited about the early recompletion results we have seen on the Permian assets recently purchased from Range Resources and our 2013 capital program is on track to generate attractive returns for the Company. With over $850 million of liquidity available, we are well positioned to be very competitive in what we feel will be a very robust acquisition market in the second half of the year."
Mr. Richard A. Robert, EVP and CFO, added, "This was an eventful quarter from a…
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