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Encore Energy Partners Receives Buyout Offer from Vanguard Natural Resources

HOUSTON--(BUSINESS WIRE)--Encore Energy Partners LP (NYSE: ENP) (“Encore Energy Partners”) today announced that the chairman of the Conflicts Committee of the board of directors of Encore Energy Partners’ general partner received a proposal from Vanguard Natural Resources LLC (NYSE: VNR) (“VNR”) whereby VNR would acquire all of the outstanding, publicly-held Encore Energy Partners common units VNR does not already own through a unit-for-unit exchange. Subject to negotiation and execution of a definitive agreement, VNR is proposing consideration of 0.72 VNR common units for each outstanding publicly-held Encore Energy Partners common unit. The proposed transaction would be structured as a merger of Encore Energy Partners with a wholly-owned subsidiary of VNR.