Vanguard Natural Resources, LLC Signs Announces Closing of Assets in the Permian Basin

  Vanguard Natural Resources, LLC Signs Announces Closing of Assets in the
  Permian Basin

Business Wire

HOUSTON -- April 2, 2013

Vanguard Natural Resources, LLC (NYSE: VNR) (“Vanguard” or “the Company”)
today announced that on April 1, 2013 it consummated the previously announced
acquisition of natural gas, oil and natural gas liquids assets in the Permian
Basin located in southeast New Mexico and West Texas from two subsidiaries of
Range Resources Corporation for an adjusted purchase price of $268.8 million,
subject to customary final post-closing adjustments. The effective date of the
acquisition is January 1, 2013.

The Company expects the following significant benefits from the acquisition:

  *Immediately accretive to distributable cash flow;
  *Company estimated proved reserves of approximately 137 Bcfe (78% proved
    developed with approximately 43% being natural gas, 25% oil and 32% NGLs);
  *Reserve to production ratio of approximately 20 years;
  *Current net production of approximately 17 MMcfe/d (41% natural gas) from
    230 gross wells; and
  *Significantly hedged the expected natural gas and oil production for the
    next four years

The Company funded this acquisition with borrowings under its existing
reserve-based credit facility.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability company
focused on the acquisition, production and development of oil and natural gas
properties. The Company's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Permian Basin in
West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the
Arkoma Basin in Arkansas and Oklahoma, the Piceance Basin in Colorado, the
Powder River and Wind River Basin in Wyoming, the Williston Basin in North
Dakota and Montana, Mississippi and South Texas. More information on Vanguard
can be found at

Forward-Looking Statements

We make statements in this news release that are considered forward-looking
statements within the meaning of the Securities Exchange Act of 1934. These
forward-looking statements are largely based on our expectations, which
reflect estimates and assumptions made by our management. These estimates and
assumptions reflect our best judgment based on currently known market
conditions and other factors. Although we believe such estimates and
assumptions to be reasonable, they are inherently uncertain and involve a
number of risks and uncertainties that are beyond our control. In addition,
management's assumptions about future events may prove to be inaccurate.
Management cautions all readers that the forward-looking statements contained
in this news release are not guarantees of future performance, and we cannot
assure you that such statements will be realized or the forward-looking events
and circumstances will occur. Actual results may differ materially from those
anticipated or implied in the forward-looking statements due to factors listed
in the "Risk Factors" section in our SEC filings and elsewhere in those
filings. All forward-looking statements speak only as of the date of this news
release. We do not intend to publicly update or revise any forward-looking
statements as a result of new information, future events or otherwise.


Vanguard Natural Resources, LLC
Investor Relations
Lisa Godfrey, 832-327-2234
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