Vanguard Natural Resources and Encore Energy Partners Completes Their Merger

Friday, December 2, 2011      
  • A subsidiary of Vanguard Natural Resources and Encore Energy Partners completes their merger effective December 1, 2011.
  • Cash will be paid to Encore unitholders in lieu of any fractional units they would have been entitled to receive.

Vanguard Natural Resources, LLC and Encore Energy Partners LP jointly announced today that the merger of Encore into a wholly-owned subsidiary of Vanguard completed effective today, December 1, 2011.

Scott W. Smith, president and chief executive officer of Vanguard said, "The completion of the merger between Vanguard and Encore is a milestone event for the company and our unitholders. With this transaction, we more than doubled our reserves and production and have expanded our operating platform in the prolific Permian Basin and established new oil focused operating areas in the Big Horn Basin in Northwest Wyoming and in the Williston Basin in North Dakota and Montana. Since the closing of the initial Denbury purchase in December of last year, we have successfully integrated the operations of the two companies and now, as a single, much larger entity, we are looking forward to continuing our track record of growing reserves and distributions on behalf of our unitholders,"

Under the merger agreement, each Encore unitholder will receive 0.75 Vanguard common units for each Encore common unit they own. Cash will be paid to Encore unitholders in accordance with the merger agreement in lieu of any fractional units they otherwise would have been entitled to receive.


Article Tags

Vanguard Natural Resources Encore Energy Partners United States North America Acquisitions & Mergers Finance Operations Update

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Upcoming OilVoice Training Course

LNG Supply Outlook Workshop
Course Summary The LNG supply industry is rapidly developing with new technology, supplies and contractual arrangements. Drawing on MJMEnergy’s comprehensive, recently published LNG Supply Handbook, the LNG Supply Outlook Workshop provides an insightful, high-level, summary of LNG supply development...
London - 07 Dec

Nick White


Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you

OilVoice Training All upcoming


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us

Stay Connected

2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us