Vanguard

Following its Chapter 11 reorganization last year, Houston-based Vanguard Natural Resources Inc. plans to cast off noncore assets and keep its focus on growth from the Piceance Basin in Colorado, the Pinedale Anticline in Wyoming and Arkoma in Oklahoma.

Houston-based Vanguard Natural Resources LLC said it plans to use proceeds from the sale of some assets in the Midcontinent to pay down its debt, while it plans to bump up its capital expenditures (capex) for the remainder of the year to conduct drilling in the Green River Basin’s Pinedale Anticline.

Houston-based Vanguard Natural Resources LLC said it plans to use proceeds from the sale of some assets in the Midcontinent to pay down its debt, while it plans to bump up its capital expenditures (capex) for the remainder of the year to conduct drilling in the Green River Basin’s Pinedale Anticline.

Houston-based Vanguard Natural Resources LLC, which last year paid $1 billion-plus in an acquisition spree to acquire onshore properties, agreed Wednesday to sell some liquids-rich leases in Oklahoma’s stacked reservoirs to Titanium Exploration Partners LLC for $280 million.

Houston’s Vanguard Natural Resources LLC is adding to its arsenal of onshore prospects after agreeing to buy cross-town producer Eagle Rock Energy Partners LP, whose natural gas-weighted operations are concentrated in the Midcontinent, Permian and East Texas basins.

Houston's Vanguard Natural Resources LLC is adding to its arsenal of onshore prospects after agreeing to buy cross-town producer Eagle Rock Energy Partners LP…

Vanguard Natural Resources LLC is laying down $581 million for natural gas-weighted properties in southwestern Wyoming, marking a change in strategy to compete for more mature production and proven undeveloped acreage.