Exploration & Production | Quarterly / Earnings Reports
Vanguard Touts 144% Upswing in Shale Production
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Vanguard Natural Resources LLC reported financial and operational results for the quarter ended March 31, 2013.
Mr. Scott W. Smith, President and CEO, commented, "Our operating results this quarter were in line with our expectations and we were very pleased to see several capital projects occur earlier than we had initially forecasted. This will accelerate the benefits of these projects which should help drive distributable cash flow growth for the year. With the recent improvement in natural gas prices, it would seem that our decision in 2012 to make substantial investments in natural gas oriented acquisitions was a wise one. We are fortunate to have a large inventory of high quality drilling opportunities to develop this year and into the future."
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