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 fourth quarter of 2012 of $0.4800 per outstanding unit, or $1.92 on an annualized basis. The distribution will be paid on February 14, 2013, to all unitholders of record as of the close of business on January 30, 2013.
Based on current estimates, and assuming no future acquisitions, our 2013 guidance is as follows:
|Daily Production (Boe/d)||6,200 - 6,500|
|LOE ($/Boe)||$10.00 - $10.50|
|Capital Expenditures ($MM)||$26|
The guidance above sets forth management’s best estimate based on current and anticipated market conditions and other factors. While we believe that these estimates and assumptions are reasonable, they are inherently uncertain and are subject to, among other things, significant business, economic, regulatory, environmental and competitive risks and uncertainties that could cause actual results to differ materially from those we anticipate, as set forth under “Forward-Looking Statements.”