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Last $9.35 USD
Change Today -0.27 / -2.81%
Volume 1.1M
VNR On Other Exchanges
Symbol
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NASDAQ GS
Frankfurt
As of 4:00 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

5847 San Felipe

Suite 3000

Houston, TX 77057

United States

Phone: 832-327-2255

Fax: 832-327-2260

Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. Reserves The company’s total estimated proved reserves, as of December 31, 2014, included 2,031.3 Bcfe (billion cubic feet equivalents), of which approximately 15% were oil reserves, 73% were natural gas reserves and 12% were natural gas liquids (NGLs) reserves. As of December 31, 2014, the company owned working interests in 9,759 gross (3,664 net) productive wells. The company owns approximately 870,140 gross undeveloped leasehold acres surrounding its existing wells. As of December 31, 2014, the company has identified 1,254 proved undeveloped drilling locations and approximately 3,931 other drilling locations on its leasehold acreage. Properties Through its operating subsidiaries, as of December 31, 2014, the company owned properties and oil and natural gas reserves primarily located in nine operating basins: the Green River Basin in Wyoming; the Piceance Basin in Colorado; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana and Mississippi; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming; and the Powder River Basin in Wyoming. The following is a description of its properties by operating basin: Green River Basin Properties The company’s Green River Basin properties comprise assets in the Pinedale and Jonah Fields of southwestern Wyoming. The Pinedale Field lies at depths anywhere between 8,000 to 14,000 feet with similar depths in the adjacent Jonah Field. As of December 31, 2014, its Green River Basin properties consisted of 126,420 gross (35,038 net) leasehold acres. Piceance Basin Properties The company’s Piceance Basin properties, which the company operates, are located in the Gibson Gulch. The Gibson Gulch area is a basin-centered gas play along the north end of the Divide Creek anticline near the eastern limits of the Piceance Basin’s productive Mesaverde (Williams Fork) trend at depths of approximately 7,500 feet. As of December 31, 2014, its Piceance Basin properties consisted of 24,040 gross (16,075 net) leasehold acres. Permian Basin Properties The Permian Basin is a prolific oil and natural gas producing basin in the United States extending over West Texas and southeast New Mexico. The majority of its producing wells in the Permian Basin are mature oil wells that also produce high-Btu casinghead gas with significant NGLs content. As of December 31, 2014, its Permian Basin properties consisted of 131,797 gross (93,389 net) leasehold acres. Gulf Coast Basin Properties The Gulf Coast Basin properties include properties in the onshore Gulf Coast area, North Louisiana, East Texas, South Texas and Mississippi. Production from the North Louisiana properties comes from the East Haynesville and Cotton Valley fields. These properties include multiple productive zones, including Cotton Valley, James Lime, Pettet, Haynesville, Smackover and Hosston. East Haynesville is located in Claiborne Parish, Louisiana and lies at a depth of about 10,000 to 13,000 feet. The Cotton Valley field is located in Webster Parish, Louisiana and is approximately 9,000 to 11,000 feet deep. The company’s working interest ranges from 25% to 100%. As of December 31, 2014, its Gulf Coast Basin properties consisted of 93,432 gross (45,099 net) leasehold acres. Big Horn Basin Properties The Big Horn Basin is a prolific basin which is characterized by oil and natural gas fields. The company’s Elk Basin field is located in Park County, Wyoming and Carbon County, Montana. The company operates all properties in the Elk Basin area which includes the Embar-Tensleep, Madison and Frontier formations. The company operates and owns a 62% interest in the Elk Basin natural gas processing plant near Powell, Wyoming. ExxonMobil Corporation (Exxon) owns a 34% interest in the Elk Basin natural gas processing plant, and other parties own the remaining 4% interest. This plant is a refrigeration natural gas processing plant that receives n

 

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