From Earlier: Vanguard Natural Resources Issues Update on Deal for Bakken Assets; Announces Monthly Distribution

Vanguard Natural Resources, LLC VNR (“Vanguard” or “the Company”) announced today a third party chose to exercise their preferential rights to purchase certain non-operated oil and natural gas assets in the Bakken trend of Montana. The Company had previously announced entering into a definitive agreement in November with an undisclosed seller to acquire these Bakken assets for a purchase price of $131.0 million. The company also announced today that its board of directors has declared a cash distribution attributable to the month of November 2012 of $0.2025 per unit ($2.43 on an annual basis) payable on January 14, 2012 to unitholders of record on January 2, 2012. New investors can earn an approximate 9.1% yield based on the December 18, 2012 closing price of $26.68 per unit.