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Press release from Business Wire

Vanguard Natural Resources Announces Pricing of Its Public Offering of an Additional $200 Million of 7.875% Senior Notes due 2020

Tuesday, October 02, 2012

Vanguard Natural Resources Announces Pricing of Its Public Offering of an Additional $200 Million of 7.875% Senior Notes due 202017:37 EDT Tuesday, October 02, 2012 HOUSTON (Business Wire) -- Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) and its subsidiary VNR Finance Corp. today announced the pricing of a public offering of an additional $200 million aggregate principal amount of their 7.875% senior unsecured notes due 2020 at a public offering price of 7.875%. The Company intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its senior secured reserve-based credit facility. The offering is expected to close on October 9, 2012, subject to customary closing conditions. RBC Capital Markets, LLC, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., RBS Securities Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and UBS Securities LLC will act as joint book-running managers for the offering. An investor may obtain a free electronic copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or 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 a prospectus and related prospectus supplement. About Vanguard Natural Resources, LLC Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota and Montana, Mississippi, and South Texas. More information on Vanguard can be found at www.vnrllc.com. 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, LLCLisa Godfrey, 832-327-2234Investor Relationsinvestorrelations@vnrllc.com