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• | Executed four purchase and sales agreements for more than $60.0 million in aggregate gross proceeds |
• | Reported production volumes of 368 million cubic feet equivalent (MMcfe) per day, at the high-end of first quarter guidance |
• | Participated in drilling and completion of two new Pinedale horizontal wells with four more horizontal wells being drilled at quarter end |
• | Lease operating expenses were $31.0 million, below first quarter guidance |
• | Updated second quarter and full-year 2018 operational and financial guidance for the year, with an updated 2018 capital budget of approximately $140.0 million to $145.0 million |
• | Lower end of full year production guidance increased despite incorporating the impact of the recently announced divestments and reduced capital budget |
• | Remain significantly hedged for the balance of 2018 and through 2020 with the balance of 2018 production hedged 71%, 85% and 43% for natural gas, oil and NGLs, respectively, at the mid-point of announced guidance |
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Vanguard Natural Resources, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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Ticker: VNRR
CIK: 1384072
Form Type: 10-Q Quarterly Report
Accession Number: 0001384072-18-000032
Submitted to the SEC: Wed May 09 2018 7:44:29 PM EST
Accepted by the SEC: Thu May 10 2018
Period: Saturday, March 31, 2018
Industry: Crude Petroleum And Natural Gas