An unknown buyer executed a purchase and sale agreement to acquire natural gas properties in the Arkoma basin of Arkansas from Vanguard Natural Resources, Inc. (OTCPK:VNRR) for $12 million on September 10, 2018. The properties comprise all of Vanguard's interests located in Arkansas and include operated and non-operated working interests, with current production of approximately 8 MMcf per day. In a related transaction, An unknown buyer acquired five producing wells and associated undeveloped acreage in the DJ Basin in Weld County, Colorado from Vanguard Natural Resources, Inc. Total gross proceeds for the two transactions is approximately $14.5 million, subject to customary closing and post-closing adjustments. Closing of the transaction is expected to occur in early fourth quarter of 2018. The net proceeds from the sale of these properties will be used to further reduce debt under Vanguard’s revolving credit facility. Austin McKee, Brian Green, Darrell Finneman, Michael Stolze, James Barnes, Alex Sale, Kari Bleyle and Kit Reasoner of Eagle River Holdings, LLC acted as financial advisor to Vanguard. An unknown buyer completed the acquisition of natural gas properties in the Arkoma basin of Arkansas from Vanguard Natural Resources, Inc. (OTCPK:VNRR) on October 15, 2018.