Houston-based Vanguard Natural Resources (NYSE: VNR) has been gradually shifting away from oil and acquiring natural gas assets. Recently, the company finalized a $581 million mystery acquisition, where it acquired 87,000 gross acres in southwest Wyoming that produce approximately 113.4 Mmcfe of almost entirely natural gas and liquid natural gas.
At first, the company did not announce whom it was acquiring this property from, but an SEC filing revealed it was Andarko E&P Onshore LLC, a subsidiary of Andarko Petroleum Corporation (APC). The deal will close before the end of January, and it will increase the size of Vanguard by approximately 20 percent, and increase its daily production by an estimated 55 percent.
Google’s Biggest Threat
Some of the most exciting technology trends to follow are in the area of language processing. Think about it for a second. Your entire method of working with computers is contingent upon the way they understand your commands. There are companies working to upset the way computers understand us, and one of them is definitely worth watching.