Vanguard Natural Resources agreed to purchase LRE GP, the general partner of LRR Energy, for approximately USD 251 million in Vanguard common stock and will assume USD 288 million in LRE debt. Under the agreement, a subsidiary of Vanguard will also merge with LRR Energy. The deal will give Vanguard approximately 1,290 new producing wells, 158,000 net acres, and production of 40 MMcfe/D.
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