Vanguard Natural Resources Company Description
Vanguard Natural Resources is at the forefront of oil and gas exploration in the Appalachian Basin, the Permian Basin, and South Texas, acquiring and developing oil and gas properties in these region. In 2008 Vanguard Natural Resources reported estimated proved reserves of 108.5 billion cu. ft. of natural gas equivalent and an interest in 960 net and about 1,450 gross wells. The company also owns a 40% working interest in some 109,500 acres in Appalachia. Vinland Energy Eastern owns the remaining 60% working interest of the acreage. Vinland owner Majeed S. Nami controls about 27% of Vanguard Natural Resources.
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The Company Description provides a historical perspective of Vanguard Natural Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Vanguard Natural Resources's evolution in the marketplace.
