One-Page Deal Sheet
Vanguard, LRR Energy Merge in $539MM Deal
Vanguard Natural Resources, Llc LRR Energy LP
Announced Date
April 21,2015
Close Date
October 05,2015
Transaction Type
Corporate
Enterprise Value (EV)($MM)
539
Asset/Basin:
{Permian,"Arkoma Basin"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian,Mid-Continent - Arkoma Basin
Country
United States
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - October 5, 2015
Vanguard Natural Resources, LLC announced the closing of the previously announced plan of merger pursuant to which a subsidiary of Vanguard merged into LRR Energy, L.P. and, at the same time, Vanguard acquired LRE GP, LLC, the general partner of LRR Energy, L.P. for total consideration of approximately 15.45 million Vanguard common units and the assumption of $290 million in debt.
As a result of the transaction, LRR Energy and its general partner are now wholly owned subsidiaries of Vanguard. The merger was approved by the LRR Energy unitholders today in…
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