An unknown buyer acquired 5 producing wells and associated undeveloped acreage in the DJ Basin in Weld County, Colorado from Vanguard Natural Resources, Inc. for $2.6 million.

An unknown buyer acquired 5 producing wells and associated undeveloped acreage in the DJ Basin in Weld County, Colorado from Vanguard Natural Resources, Inc. (OTCPK:VNRR) for $2.6 million on September 13, 2018. In a related transaction, an unknown buyer executed a purchase and sale agreement to acquire natural gas properties in the Arkoma basin of Arkansas from Vanguard Natural Resources, Inc. (OTCPK:VNRR) on September 13, 2018. The combined deal value for both deals is approximately $14.5 million which is subject to customary closing and post-closing adjustments. The net proceeds from the sale of these properties will be used to further reduce debt under Vanguard's revolving credit facility. An unknown buyer completed the acquisition of 5 producing wells and associated undeveloped acreage in the DJ Basin in Weld County, Colorado from Vanguard Natural Resources, Inc. (OTCPK:VNRR) on September 13, 2018.