LRR Energy LP (NYSE: LRE) closed its previously announced acquisition of oil and natural gas properties in the mid-continent region in Oklahoma from its sponsor, Lime Rock Resources, for US $21 million.

Additionally, LRR Energy acquired in the money commodity hedge contracts valued at approximately $1.8 million as part of the transaction.

LRR Energy funded the acquisition with borrowings under its revolving credit facility. The company has $200 million of outstanding borrowings under its revolving credit facility and $50 million of outstanding borrowings under its term loan as of January ...