As part of a bankruptcy process entered in February, Vanguard Natural Resources received a $78.3 million cash stalking-horse bid from Occidental Petroleum for a substantial portion of its legacy assets in Glasscock County, Texas. Oxy is Vanguard’s JV partner and primary joint leaseholder over the acreage block, which targets the Spraberry and Wolfcamp with high lease NRI of 81.7%. The deal includes 3,049 net acres (4,918 gross) but excludes Vanguard’s interests in existing wells.With......
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