Vanguard Swings $445M Deal For Antero Gas Land, Wells

Law360, New York (June 5, 2012, 7:26 PM EDT) -- Vanguard Natural Resources LLC will pay $445 million for gas land and producing wells along the Oklahoma-Arkansas border from Antero Resources Corp., it said Monday, the latest in a frenzied pace of energy deals spurred by low gas prices.

The deal, which is expected to close by the end of June, will mark Antero's exit from the region as it doubles down on wetter gas in New York and Pennsylvania.

The size of the transaction and the exuberance of Vanguard CEO Scott Smith over the assets,...
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