Encore Energy Partners LP Announces Third Quarter 2011 Quarterly Distribution
28 October 2011 - 12:03AM
Business Wire
Encore Energy Partners LP (NYSE: ENP) (“Encore”) announced today
that the board of directors of its general partner has declared a
cash distribution attributable to the third quarter of 2011 of
$0.47 per unit payable on November 14, 2011 to unitholders of
record on November 7, 2011. This represents a $0.03 decrease from
the third quarter 2010 and unchanged from the quarterly
distribution paid for the second quarter of 2011.
About Encore Energy Partners LP
Encore Energy Partners LP is a publicly traded master limited
partnership focused on the acquisition, production, and development
of oil and natural gas properties. Encore’s assets consist
primarily of producing and non-producing oil and natural gas
properties in the Big Horn Basin in Wyoming and Montana, the
Williston Basin in North Dakota and Montana, the Permian Basin in
West Texas and New Mexico, and the Arkoma Basin in Arkansas and
Oklahoma. By virtue of Vanguard Natural Resources’ (“Vanguard”)
acquisition of Encore Energy Partners GP LLC and certain limited
partner interests in Encore Energy Partners LP from Denbury
Resources Inc. on December 31, 2010, Vanguard now owns
approximately 46% of the common units of Encore. More information
on Vanguard can be found at www.vnrllc.com. More information on ENP
can be found at www.encoreenp.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.
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