Attached files
| file | filename |
|---|---|
| EX-10.1 - Vanguard Natural Resources, Inc. | ex101rangepermianpsafinal.htm |
| EX-99.1 - Vanguard Natural Resources, Inc. | ex991vnr_rangeresourcesacq.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 4, 2013 (February 26, 2013)
Vanguard Natural Resources, LLC
(Exact name of registrant as specified in its charter)
DELAWARE | 001-33756 | 61-1521161 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
5847 San Felipe, Suite 3000
Houston, Texas 77057
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (832) 327-2255
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On February 26, 2013 pursuant to a Purchase and Sale Agreement, (the “Purchase Agreement”), Vanguard Natural Resources, LLC (the “Company”), and its wholly-owned subsidiary Vanguard Permian, LLC (“Permian”), agreed to acquire natural gas, oil and natural gas liquids assets in the Permian Basin located in southeast New Mexico and West Texas (“the Purchased Assets”) from Range Resources Corporation (“Seller”) for $275.0 million (the “Acquisition”). This transaction has an effective date of January 1, 2013 and is expected to close on or before April 1, 2013.
The Purchased Assets have total estimated proved reserves of 137 billion cubic feet equivalent, of which approximately 78% is proved developed. Current net production attributable to the Purchased Assets is approximately 17 million cubic feet equivalent per day.
The parties have made customary representations, warranties, covenants and agreements in the Purchase Agreement.
The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, which is attached as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On February 28, 2013, the Company issued a press release announcing the execution and delivery of the Purchase Agreement, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT NUMBER | DESCRIPTION | |
Exhibit 10.1 | Purchase and Sale Agreement, dated February 26, 2013 among Vanguard Permian, LLC and Range Resources Corporation. | |
Exhibit 99.1 | Press Release dated February 28, 2013. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VANGUARD NATURAL RESOURCES, LLC | ||||
By: | /s/ Scott W. Smith | |||
Name: | Scott W. Smith | |||
Title: | President and Chief Executive Officer | |||
March 4, 2013 | ||||
EXHIBIT INDEX
EXHIBIT NUMBER | DESCRIPTION | |
Exhibit 10.1 | Purchase and Sale Agreement, dated February 26, 2013 among Vanguard Permian, LLC and Range Resources Corporation. | |
Exhibit 99.1 | Press Release dated February 28, 2013. | |