Sanguine Gas Exploration LLC acquired natural gas properties and associated midstream assets in Potato Hills field in Arkoma Basin of Vanguard Natural Resources, Inc. (OTCPK:VNRR) (‘Vanguard’) for $22.9 million on August 2, 2018. Concurrently, Vanguard announced the sale of non-operated working interests in over 145 wells in multiple counties in Texas and Lousiana for $5.5 million. Vanguard will use net proceeds from the sale reduce debt under its revolving credit facility. Eagle River Holdings LLC acted as financial advisor while Anthony Speier, Rahul D. Vashi, Chad Michael Smith, Adam C. Whitehouse, Daniel Cadis and Fraser Frederick Wayne from Kirkland & Ellis LLP acted as legal advisors to Vanguard. Sanguine Gas Exploration LLC completed the acquisition of natural gas properties and associated midstream assets in Potato Hills field in Arkoma Basin of Vanguard Natural Resources, Inc. (OTCPK:VNRR) on August 2, 2018.