Encore Energy Partners LP Announces Pricing of Public Offering of 8.2 Million Common Units

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Mon Jun 29, 2009 7:41pm EDT

FORT WORTH, Texas--(Business Wire)--
Encore Energy Partners LP (NYSE: ENP) announced today that it has priced its
public offering of 8,200,000 common units representing limited partner interests
at a price of $14.30 per common unit. Encore Energy Partners has granted the
underwriters a 30-day option to purchase up to an additional 1,230,000 common
units. The offering is expected to close on July 6, 2009. The net proceeds from
the offering are expected to be used to fund a portion of the purchase price of
the previously announced acquisition of oil and natural gas producing properties
in the Rockies and Permian Basin from Encore Acquisition Company. 

Barclays Capital, Merrill Lynch & Co., UBS Investment Bank, and Wachovia
Securities are acting 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                                  
 c/o Broadridge, Integrated Distribution Services  
 1155 Long Island Avenue                           
 Edgewood, NY 11717                                
 Phone: (888) 603-5847                             
 Email: Barclaysprospectus@broadridge.com          
                                                   
 Merrill Lynch & Co.                               
 Attn: Prospectus Department                       
 4 World Financial Center                          
 New York, NY 10080                                
 Phone: (212) 449-1000                             
                                                   
 UBS Investment Bank                               
 299 Park Avenue                                   
 New York, New York 10171                          
 Attn: Prospectus Department                       
 Phone: (888) 827-7275                             
                                                   
 Wachovia Securities                               
 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" and elsewhere in 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

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