Encore Energy Partners LP Acquires Gulf Coast Oil and Natural Gas Properties and Completes Acquisition of Wyoming Oil and Natural Gas Properties

HOUSTON--(BUSINESS WIRE)--Encore Energy Partners LP (NYSE: ENP) (the “Partnership” or “ENP”) today announced that on August 31, 2011 it closed on the acquisition of certain non-operated working interests in mature producing oil and natural gas assets in the Texas and Louisiana Gulf Coast area from an undisclosed seller for a purchase price of $47.6 million after consideration of preliminary purchase price adjustments. The assets acquired have estimated total proved reserves of 2.1 million barrels of oil equivalent, of which approximately 83% are oil and natural gas liquids reserves. The reserves are 100% proved developed and the current net production attributable to the assets being acquired is approximately 430 Boe/d. Effective date of this acquisition was August 1, 2011.