Let me start by discussing a few key quarterly highlights. During the second quarter we produced 1.953 million Boe of oil and natural gas, which is up 18% from the second quarter of 2011, and generated $66.3 million of adjusted EBITDA, which represents a 28% increase from the second quarter of 2011 and a quarterly record for the Partnership. These results reflect the quality of our underlying assets, our ongoing focus on efficient operations and the success of our growth through acquisition strategy.
Turning to our distributions, we're pleased to have announced the second quarter distribution of $0.46 per unit or $1.84 on an annualized basis. This represents a 9% increase from second quarter 2011 distributions. Further, this marks our ninth consecutive quarterly distribution increase.
I'd like to talk briefly about our three most recent acquisitions that we announced during the second quarter. On June 28, 2012, we completed the bolt-on acquisition of oil properties located in Park County in the Big Horn Basin of Wyoming from NiMin for approximately $93 million, subject to customary post-closing adjustments.
On July 2, 2012, we completed two separate acquisitions of oil and natural gas properties located in Permian Basin in Texas from Element and CrownRock for approximately $150 million and $70 million, respectively, also subject to customary post-closing adjustments.The acquired assets, characterized by long-live reserves with significant original oil in place and a large number of potential drilling locations are excellent additions to our portfolio. The representative of the type of assets we are actively targeting for the balance of 2012 and beyond. In conjunction with the acquisitions and consistent with our hedging strategy, we entered into very attractive hedge positions, which we will discuss in more detail later. As part of acquisition integration and given the continued positive drilling results from our legacy assets, I am very pleased to announce that we are substantially increasing the size and scope of our 2012 capital program for the second time this year. Read the rest of this transcript for free on seekingalpha.com
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