LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared a cash distribution for the first quarter of 2012 of $0.4750 per outstanding unit, or $1.90 on an annualized basis. The distribution will be paid on May 14, 2012, to all unitholders of record as of the close of business on April 27, 2012. LRR Energy will provide the details of its first quarter 2012 operating and financial performance with its earnings report which is scheduled to be released on Monday, May 7, 2012, prior to the opening of NYSE trading. Earnings Conference Call Following the issuance of the earnings report, management will host a conference call on Monday, May 7, 2012, at 3:00 p.m. EDT (2:00 p.m. CDT). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 71646727). 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 Tuesday, May 15, 2012. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 71646727). 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. Forward-Looking Statements This press release contains "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on current expectations 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, 2011 and LRR Energy’s subsequent filings with the Securities and Exchange Commission. 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.