Vanguard Natural to borrow under reserve-based facility for acquisition

By Tali Rackner

Norfolk, Va., Sept. 16 – Vanguard Natural Resources, LLC plans use borrowings under its existing reserve-based credit facility to fund its acquisition of natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado, according to a press release.

The oil and gas company is based in Houston.

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