[Context: In May 2014, Dallas-based Titanium and  Minneapolis-based private equity firm Castlelake formed a joint venture to pursue non-operated assets in the US.]

Vanguard Natural Resources, LLC Signs Agreement to Sell SCOOP/STACK Assets in Oklahoma

HOUSTON, March 30, 2016 (GLOBE NEWSWIRE) — Vanguard Natural Resources, LLC (NASDAQ:VNR) (“Vanguard” or “the Company”) today announced it has entered into a definitive agreement to sell its natural gas, oil and natural gas liquids assets in the SCOOP/STACK area in Oklahoma for $280 million, subject to typical purchase price adjustments at closing, to entities managed by Titanium Exploration Partners, LLC.

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