Encore Energy Partners reported that at a special meeting of unitholders held today, the unitholders of Encore approved the merger of Encore with a wholly-owned subsidiary of Vanguard Natural Resources, LLC (Vanguard). The merger was approved by approximately 64.3% of the units of Encore entitled to vote on the transaction, and 97.1% of the units that were voted. Encore expects the merger to be completed later today on November 30, 2011.

Based on the terms of the merger agreement, Encore unitholders will receive 0.75 Vanguard common units for each Encore common unit they own. Cash will be paid to Encore unitholders in accordance with the merger agreement in lieu of any fractional units they otherwise would have been entitled to receive. As a result of the merger completion, common units of Encore will cease trading at the close of business today. Vanguard common units will continue to be traded on the New York Stock Exchange under the ticker symbol "VNR."

Tags: Encore Energy Partners LP