Under the merger deal, Encore unitholders will get 0.75 Vanguard common units for each Encore common unit they own.
Encore said cash will be paid to its unitholders in accordance with the merger deal in lieu of any fractional units they otherwise would have been entitled to receive.
Encore is a master limited partnership focused on the acquisition, production and development of oil and natural gas assets.
Vanguard’s assets mainly consist of producing and non-producing oil and natural gas reserves located in the southern portion of the Appalachian Basin, the Permian Basin, South Texas and Mississippi.
