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Vanguard Touts LRR, Eagle Rock Acquisitions in 3Q
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Vanguard Natural Resources, LLC reported financial and operational results for the quarter ended September 30, 2015.
Mr. Scott W. Smith, President and CEO, commented, "We are very pleased to have closed the LRR Energy LP and Eagle Rock Energy Partners, LP mergers in the first week of October. It goes without saying that consummating two mergers at the same time posed a challenge for the company. Our team has done a tremendous job throughout this process and the integration of both sets of assets has gone extremely well due to the efforts of our employees. With these two transactions, our daily production will increase approximately 33% to 513 mmcfe/d and our reserves will increase approximately 28% to 2.4 Tcfe as of September 30, 2015. Additionally, we issued approximately 43.7 million…
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