December 1, 2009 (FinancialWire) — Vanguard Natural Resources, LLC (NYSE: VNR) has launched a public offering of 2.25 million common units.

Citi (NYSE: C), Wells Fargo Securities (NYSE: WFC) and RBC Capital Markets (NYSE: RY) will act as joint bookrunning managers.

The company plans to use the net proceeds from the offering to redeem 250,000 common units from one of its unitholders, Nami Capital Partners, LLC, and to repay indebtedness outstanding under its reserve-based credit facility.

for the offering.

Vanguard Natural Resources is focused on the acquisition, production and development of natural gas and oil properties. The company’s assets consist primarily of producing and non-producing natural gas and oil reserves located in the southern portion of the Appalachian Basin, the Permian Basin and South Texas.

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