Oct. 1, 2014, 7:45 AM
- Vanguard Natural Resources (NASDAQ:VNR) completes its previously announced acquisition of Bill Barrett (NYSE:BBG) for an adjusted price of $508M, and says the deal will be immediately accretive to distributable cash flow at closing.
- The acquisition includes an average working interest of 78% in ~950 producing wells, 119 recompletion projects and 94 proved undeveloped vertical drilling locations.
- VNR's borrowing base is increased to $2B from $1.525B.
Jan. 3, 2013, 10:07 AMVanguard Natural Resources (VNR +0.5%) closes the purchase of natural gas and liquids properties from Bill Barrett (BBG +1.2%) for ~$328M, and says the acquisitions would immediately add to cash flow. The properties hold proved reserves equal to ~300B cu. ft. of gas and current production of ~65M cu. ft./day from 2,822 wells. | Jan. 3, 2013, 10:07 AM | Comment!
Nov. 1, 2012, 8:19 AMBill Barrett (BBG) agrees to sell certain non-core natural gas assets including all Wind River Basin natural gas producing properties, the Powder River Basin coal bed methane assets and a working interest in its Gibson Gulch-Piceance Basin development property, to an affiliate of Vanguard Natural Resources (VNR) for $335M. | Nov. 1, 2012, 8:19 AM | 1 Comment
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