Encore Energy Partners LP Announces Pricing of Public Offering of 2.4 Million Common Units

* Reuters is not responsible for the content in this press release.

Tue May 19, 2009 9:11am EDT

FORT WORTH, Texas--(Business Wire)--
Encore Energy Partners LP (NYSE:ENP) announced today that it has priced its
public offering of 2,400,000 common units representing limited partner interests
at a price of $15.60 per unit. Encore Energy Partners has granted the
underwriters a 30-day option to purchase up to an additional 360,000 common
units. The offering is expected to close on May 22, 2009. The net proceeds from
the offering are expected to be used to fund a portion of the purchase price of
the previously announced acquisitions in the Vinegarone Field in Val Verde
County, Texas and in the Williston Basin in Montana and North Dakota. 

Barclays Capital Inc., Raymond James & Associates, Inc., RBC Capital Markets
Corporation and Wachovia Capital Markets, LLC will act as joint book-running
managers for the offering. When available, a copy of the prospectus supplement
and the accompanying prospectus relating to the offering may be obtained from
the following underwriters at the addresses set forth below:

           Barclays Capital Inc.                             
           c/o Broadridge, Integrated Distribution Services  
           1155 Long Island Avenue                           
           Edgewood, NY 11717                                
           Phone: (888) 603-5847                             
           Email: Barclaysprospectus@broadridge.com          
                                                             
           Raymond James & Associates, Inc.                  
           800 Carillon Parkway                              
           St. Petersburg, Florida 33716                     
           Phone: (800) 248-8863                             
                                                             
           RBC Capital Markets Corporation                   
           Three World Financial Center                      
           200 Vesey Street, 8th Floor                       
           New York, NY 10281-8098                           
           Attention: Equity Syndicate                       
           Phone: (212) 428-6670                             
                                                             
           Wachovia Capital Markets, LLC                     
           Attn: Equity Syndicate Dept.                      
           375 Park Avenue                                   
           New York, New York 10152                          
           Email: equity.syndicate@wachovia.com              
           Phone: (800) 326-5897                             
                                                             


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, sale or solicitation would be unlawful prior
to registration or qualification under the securities law in any such state or
jurisdiction.The offering of common units may be made only by means of a
prospectus supplement and the accompanying prospectus.

Cautionary Statement

This press release includes forward-looking statements, which give ENP`s current
expectations or forecasts of future events based on currently available
information. Forward-looking statements in this press release relate to, among
other things, the closing of the offering and the use of proceeds therefrom.
Such statements are subject to a number of risks and uncertainties, including
those identified in "Item 1A. Risk Factors" of its most recent annual report on
Form 10-K and other filings with the Securities and Exchange Commission. If one
or more of these risks or uncertainties materialize (or the consequences of such
a development changes), or if underlying assumptions prove incorrect, actual
outcomes may vary materially from those forecasted or expected. 



Encore Energy Partners LP, Fort Worth
Bob Reeves, 817-339-0918
rcreeves@encoreacq.com
or
Kim Weimer, 817-339-0886
kweimer@encoreacq.com



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.