Vanguard Natural Resources Announces Closing of Its Public Offering of 7,000,000 Common Units

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Vanguard Natural Resources Announces Closing of Its Public Offering of 7,000,000 Common Units

HOUSTON--(BUSINESS WIRE)-- On June 4, 2013, Vanguard Natural Resources, LLC (NYS: VNR) (the "Company") closed its previously announced public offering of 7,000,000 common units representing limited liability company interests in the Company at a price of $28.35 per common unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,050,000 common units from the Company at the public offering price less the underwriting discount.

The Company intends to use the net proceeds from the offering of approximately $190.9 million, after deducting underwriting discounts and estimated offering expenses, to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility.


Barclays, J.P. Morgan, UBS Investment Bank, Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Morgan Stanley, Raymond James and RBC Capital Markets were joint book-running managers for the offering. An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. A copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
Email: barclaysprospectus@broadridge.com
Phone: (888) 603-5847

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (866) 803-9204

UBS Investment Bank
Attention: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Phone: (888) 827-7275

Wells Fargo Securities
Attention: Equity Syndicate Department
375 Park Avenue
New York, NY 10152
Phone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com

BofA Merrill Lynch
222 Broadway, New York, NY 10038
Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146
Email: batprospectusdept@citi.com

Deutsche Bank Securities
Attention: Prospectus Group
60 Wall Street
New York, NY 10005
Phone: (800) 503-4611
Email: prospectus.cpdg@db.com

Morgan Stanley
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Phone: (866) 718-1649
Email: prospectus@morganstanley.com

Raymond James
Attention: Prospectus Department
880 Carillon Parkway
St. Petersburg, FL 33716
Phone: (727) 567-2400

RBC Capital Markets
Three World Financial Center
200 Vesey Street, 10th Floor
New York, NY 10281-8098
Email: CM-USA-Prospectus@rbc.com

The shelf registration statement relating to these securities has previously been filed with the Securities and Exchange Commission (the "SEC") and automatically deemed effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy common units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition and development of mature, long-lived oil and natural gas properties in the United States. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Piceance Basin in Colorado, South Texas, the Williston Basin in North Dakota and Montana, the Wind River Basin in Wyoming, the Powder River Basin in Wyoming, and Mississippi.

Forward-Looking Statements

We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.



Vanguard Natural Resources, LLC
Lisa Godfrey, 832-327-2234
Investor Relations
investorrelations@vnrllc.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

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