Home News LRR Energy Acquires Oil, Nat. Gas Properties

LRR Energy Acquires Oil, Nat. Gas Properties

Alternative Energy, Industry News

In Mid-Continent Region in OK

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Manufacturing Group January 4, 2013

LRR Energy L.P. has closed its previously announced acquisition of oil and natural gas properties in the Mid-Continent region in Oklahoma from its sponsor, Lime Rock Resources, for a purchase price of $21.0 million subject to customary purchase price adjustments. In addition, as part of the transaction, LRE acquired in the money commodity hedge contracts valued at approximately $1.8 million.

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