Encore Energy Partners LP Announces Second Quarter 2011 Distribution and Earnings Conference Call Schedule
July 26 2011 - 4:25PM
Business Wire
Encore Energy Partners LP (NYSE:ENP) (the “Partnership” or
“Encore”) announced today that the board of directors of its
general partner has declared a cash distribution attributable to
the second quarter of 2011 of $0.47 per unit payable on August 12,
2011 to unitholders of record on August 5, 2011. This represents a
$0.02 decrease from the $0.49 per unit quarterly distributions paid
for the first quarter of 2011 and a $0.03 decrease from the second
quarter 2010.
Encore also announced today it will release its second quarter
2011 financial results before the market opens on August 4, 2011.
In conjunction with the release, Encore has scheduled a conference
call that will be broadcast live over the Internet on Thursday,
August 4, starting at 11:00 a.m. Eastern Time (10:00 a.m. Central).
Prepared remarks by Scott W. Smith, President and Chief Executive
Officer, and Richard Robert, Executive Vice President and Chief
Financial Officer, will be followed by a question and answer
period.
What: Encore Energy Partners LP Second Quarter 2011 Earnings
Conference Call
When: Thursday, August 4, 2011 – 11:00 a.m. Eastern Time / 10:00
a.m. Central
Where: Live via phone by dialing 1-877-941-1468 or 480-629-9869,
for international callers, and ask for the Encore Energy Partners
call a few minutes prior to the start time. Investors may also
listen to the conference call live on the Encore corporate website,
http://www.encoreenp.com. The webcast can be accessed from the
investor relations' tab link on the home page.
For those unable to listen to the live call, a replay will be
available through September 4, 2011 by calling 303-590-3030 using
pass code 4461503#. Also, an archive of the webcast will be
available shortly after the call on the investor relations portion
of the company's website at www.encoreenp.com for approximately 30
days.
About Encore Energy Partners LP
Encore Energy Partners LP is a publicly traded master limited
partnership focused on the acquisition, production and development
of oil and natural gas properties. Encore’s assets consist
primarily of producing and non-producing oil and natural gas
properties in the Big Horn Basin in Wyoming and Montana, the
Williston Basin in North Dakota and Montana, the Permian Basin in
West Texas and New Mexico, and the Arkoma Basin in Arkansas and
Oklahoma. By virtue of Vanguard Natural Resources, LLC’s (NYSE:VNR)
(“Vanguard”) acquisition of Encore Energy Partners GP LLC and
certain limited partner interests in Encore Energy Partners LP from
Denbury Resources Inc. (NYSE:DRI) on December 31, 2010, Vanguard
now owns approximately 46% of the common units of Encore. More
information on Vanguard can be found at www.vnrllc.com. More
information on Encore can be found at www.encoreenp.com.
Forward-Looking Statements
We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities
Exchange Act of 1934. These forward-looking statements are largely
based on our expectations, which reflect estimates and assumptions
made by our management. These estimates and assumptions reflect our
best judgment based on currently known market conditions and other
factors. Although we believe such estimates and assumptions to be
reasonable, they are inherently uncertain and involve a number of
risks and uncertainties that are beyond our control. In addition,
management's assumptions about future events may prove to be
inaccurate. Management cautions all readers that the
forward-looking statements contained in this news release are not
guarantees of future performance, and we cannot assure you that
such statements will be realized or the forward-looking events and
circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due
to factors listed in the "Risk Factors" section in our SEC filings
and elsewhere in those filings. All forward-looking statements
speak only as of the date of this news release. We do not intend to
publicly update or revise any forward-looking statements as a
result of new information, future events or otherwise.
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