HOUSTON--(BUSINESS WIRE)--Oct. 18, 2013--
LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the
Board of Directors of its general partner declared an increased cash
distribution for the third quarter of 2013 of $0.4875 per outstanding
unit, or $1.95 on an annualized basis. The distribution will be paid on
November 14, 2013, to all unitholders of record as of the close of
business on October 31, 2013.
Earnings Conference Call
LRR Energy will provide the details of its third quarter of 2013
operating and financial performance with its earnings report, which is
scheduled to be released on Thursday, October 31, 2013, after the close
of NYSE trading.
Following the issuance of the earnings report, management will host a
conference call on Friday, November 1, 2013, at 9:00 a.m. eastern time
(8:00 a.m. central time). Interested parties are invited to participate
in the call by dialing 1-877-493-8071 (conference ID: 82776448). It is
recommended that participants dial in approximately 10 minutes prior to
the start of the conference call. Participants may access the webcast
from LRR Energy’s website, www.lrrenergy.com,
under the tab for "Investor Relations."
A telephonic replay will be available after the call through November
19, 2013. Participants may access this replay by dialing 1-800-585-8367
(conference ID: 82776448).
About LRR Energy, L.P.
LRR Energy is a Delaware limited partnership formed in April 2011 by
affiliates of Lime Rock Resources to operate, acquire, exploit and
develop producing oil and natural gas properties in North America. LRR
Energy's properties are located in the Permian Basin region in West
Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and
East Texas and the Gulf Coast region in Texas.
This press release includes "forward-looking statements" — that is,
statements related to future events. Forward-looking statements are
based on the current expectations of LRR Energy and include any
statement that does not directly relate to a current or historical fact.
In this context, forward-looking statements often address expected
future business and financial performance, and often contain words such
as "may," "predict," "pursue," "expect," "estimate," "project," "plan,"
"believe," "intend," "achievable," "anticipate," "target," "continue,"
"potential," "should," "could" and other similar words. Actual results
and future events could differ materially from those anticipated or
implied in such statements. Forward-looking statements involve certain
risks and uncertainties, and ultimately may not prove to be accurate.
These risks and uncertainties include, among other things, a decline in
oil, natural gas or NGL prices, the risk and uncertainties involved in
producing oil and natural gas, competition in the oil and natural gas
industry, governmental regulations and other factors. Actual results
could differ materially from those anticipated or implied in the
forward-looking statements due to the factors described under the
captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for
the year ended December 31, 2012 and LRR Energy's subsequent filings
with the SEC. All forward-looking statements speak only as of the date
of this press release. LRR Energy does not intend to update or revise
any forward-looking statements as a result of new information, future
events or otherwise. All forward-looking statements are qualified in
their entirety by this cautionary statement.
This release serves as qualified notice to nominees under Treasury
Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred
percent (100.0%) of LRR Energy’s distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of LRR Energy’s distributions
to foreign investors are subject to federal income tax withholding at
the highest effective tax rate for individuals or corporations, as
applicable. Nominees, and not LRR Energy, are treated as withholding
agents responsible for withholding on the distributions received by them
on behalf of foreign investors.
Source: LRR Energy, L.P.
LRR Energy, L.P.
Director of Finance
Casas, (713) 345-2126
Chief Financial Officer