Item 2.01. Completion of Acquisition of Assets.

On June 29, 2012, pursuant to a Purchase and Sale Agreement dated June 1, 2012 (the "Purchase Agreement"), Vanguard Natural Resources, LLC (the "Company"), and its wholly-owned subsidiary Vanguard Permian, LLC ("Vanguard Permian") consummated the acquisition of natural gas and liquids assets in the Woodford Shale and Fayetteville Shale of the Arkoma Basin (the "Purchased Assets") for an adjusted purchase price of $434.4 million (the "Arkoma Basin Acquisition") from Antero Resources LLC. The purchase price is subject to final purchase price adjustments to be determined based on an effective date of April 1, 2012.

The Purchased Assets have total estimated proved reserves of 420 billion cubic feet equivalent, of which approximately 82% are natural gas reserves and 58% are proved developed. Current net production attributable to the Purchased Assets is approximately 76 million cubic feet equivalent per day.

The $434.4 million adjusted purchase price was funded with borrowings under the Company's existing Reserve-Based Credit Facility.

Item 7.01 Regulation FD Disclosure

On July 2, 2012, the Company issued a press release announcing the consummation of the Acquisition, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. EXHIBIT NUMBER DESCRIPTION Exhibit 99.1 Press Release dated July 2, 2012

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