Seeking Alpha

Those who follow Vanguard Natural Resources (VNR) likely already know that the partnership has announced and closed on its largest single acquisition to date. Early this month Vanguard closed on a $581 million plan to acquire 14,000 net acres of high-margin, dry gas producing land in the Jonah and Pinedale fields of Wyoming. The basics of the deal are as follows:

  • A 10% average working interest on 87,000 gross acres.
  • 113.4 million cubic feet equivalent of production per day,
  • Of which 80% is dry, natural gas, 4% is oil and 16% is natural gas liquids.
  • The seller, Anadarko, a major independent oil and gas producer, sold this acreage to invest in US shale plays and in the Gulf

Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: