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Vanguard announces ownership exchange of interest in Ariana Energy

Vanguard Natural Resources, Llc Not Disclosed
AnnouncedJul 8, 2013
TypeCorporate
Announced Date
July 08,2013
Effective Date
January 01,2012
Close Date
March 30,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
53




Snapshot
Asset/Basin:
{"Appalachian Basin"}
Location
Country
United States


Transaction Details:  Subscribe to see

HOUSTON--(BUSINESS WIRE)--Apr. 2, 2012-- Vanguard Natural Resources, LLC (NYSE:VNR) (“Vanguard” or “Company”) announced today that the previously announced exchange of their ownership interest in Ariana Energy, LLC, and Trust Energy Company, LLC, which held the Company’s natural gas and oil assets in the Appalachian Basin for 1.9 million VNR common units closed on March 30, 2012. The agreement was entered into with entities controlled by or affiliated with Majeed S. Nami who was a founding unitholder when the Company went public in October of 2007. Vanguard’s Appalachian assets consisted of…

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