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Vanguard Natural Resources closes acquisition

HOUSTON — Vanguard Natural Resources LLC said Monday it has closed its acquisition of oil and gas properties in Mississippi, Texas and New Mexico from an undisclosed private seller.

The purchase price was raised slightly to $114.6 million from $113.1 million when the deal was originally announced earlier this month.

Vanguard funded the acquisition through $71.5 million in net proceeds from its recent stock offering and borrowings under an existing credit facility.

About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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