Vanguard Natural Resources LLC (Nasdaq: VNR) is buying oil and gas properties in Wyoming for $581 million.
The properties are located in the Pinedale and Jonah fields in southwestern Wyoming, and produce natural gas, oil and natural gas liquids. The deal is expected to close before the end of January.
Vanguard, headquartered in Houston, acquires and develops oil and natural gas properties in the Permian Basin, Big Horn Basin, Arkoma Basin, Piceance Basin, Powder River and Wind River Basin and Williston Basin.
Other recent oil and gas transactions include private equity firm Riverstone Holdings LLC’s $200 million investment in Abaco Energy Technologies LLC, and Caelus Energy LLC’s purchase of Pioneer Natural Resources Alaska Inc.