Vanguard Natural Resources Announces Public Offering of 7.14M Common Units

Vanguard Natural Resources, LLC

today announced that it has commenced a public offering of 7,137,255 common units representing limited liability company interests in the Company, of which 3,137,255 common units are being offered by Denbury Onshore, LLC, the selling unitholder, pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on January 18, 2012. The Company will grant the underwriters a 30-day option to purchase up to an additional 1,070,588 common units. The Company intends to use the net proceeds from the offering to repay indebtedness outstanding under its term loan facility and senior secured revolving credit facility. The Company will not receive any of the proceeds from the common units sold by the Selling Unitholder.