Vanguard Natural Resources acquires and develops oil and natural gas properties. As of Dec 31 2013, Co. owned properties and oil and natural gas reserves in the Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Piceance Basin in Colorado, the Gulf Coast Basin in Texas and Mississippi, the Wind River Basin in Wyoming, the Williston Basin in North Dakota and Montana, and the Powder River Basin in Wyoming. As of Dec 31 2013, Co.'s estimated net proved reserves for crude oil, natural gas, and natural gas liquids were 45.3 million barrels (MMBbls), 586.50 billion cubic feet, and 29.2 MMBbls, respectively.
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