Vanguard signs agreement to sell SCOOP/STACK assets in Oklahoma

Vanguard Natural Resources LLC (NASDAQ: VNR) has entered into a definitive agreement to sell its natural gas, oil, and natural gas liquids assets in the SCOOP/STACK area in Oklahoma for $280 million, subject to typical purchase price adjustments at closing, to entities managed by Titanium Exploration Partners LLC.   

The effective date of the sale is Jan. 1, and the company anticipates closing this acquisition on or before May 18.

RBC Richardson Barr acted as exclusive advisor to Vanguard for this transaction.

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