VNR completes natural gas resources acquisition in North Louisiana

VNR completes natural gas resources acquisition in North Louisiana

Vanguard Natural Resources it consummated the previously announced acquisition of natural gas, oil and natural gas liquids assets in North Louisiana and East Texas for an adjusted purchase price of $274.7 million.

The Company funded this acquisition with borrowings under its existing reserve-based credit facility and proceeds from sales of common and preferred units under its ATM program.

As of August 31, 2014 and pro forma for the financing for this acquisition, the company has borrowings under its reserved based credit facility of $950 million which leaves approximately $575 million of undrawn capacity before consideration of the expected borrowing base increase related to this acquisition.

 

Press Release, September 2, 2014

Share this article

Follow LNG World News

One thought on “VNR completes natural gas resources acquisition in North Louisiana”

Comments are closed.

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >