Vanguard Natural acquires Permian Basin properties from Range Resources Vanguard Natural (VNR) has entered into a definitive agreement to acquire natural gas, oil and natural gas liquids assets in the Permian Basin located in southeast New Mexico and West Texas for a purchase price of $275M from Range Resources (RRC). The properties consist of approximately 7,000 net acres currently producing approximately 17 Mmcfe per day with approximately 41% being natural gas and 59% oil and NGLs. The effective date of the acquisition is January 1 and the company anticipates closing this acquisition on or before April 1.
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