LRE Energy Raises Qtr. Distribution to $0.48/Share; Offers Production Guidance
LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the fourth quarter of 2012 of $0.4800 per outstanding unit, or $1.92 on an annualized basis. The distribution will be paid on February 14, 2013, to all unitholders of record as of the close of business on January 30, 2013.
Based on current estimates, and assuming no future acquisitions, our 2013 guidance is as follows:
2013 Guidance Daily Production (Boe/d) 6,200 - 6,500 LOE ($/Boe) $10.00 - $10.50 Capital Expenditures ($MM) $26
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