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Vanguard Natural Resources net loss widens to $45.43 million in June
By Caroline Salls
Pittsburgh, July 31 – Vanguard Natural Resources, LLC reported a $45.43 million net loss for June on $41.33 million in revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
Those figures showed a decline from the $6.79 million net loss posted for May on $42.01 million in revenue.
The company had $168.06 million in cash as of June 30, down from $170.44 million at the end of May.
Vanguard is a Houston-based oil and gas exploration and development company. The company filed for bankruptcy on Feb. 1 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 17-30560.
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