Vanguard Natural Resources LLC (NYSE: VNR) completed the previously announced acquisition of natural gas and liquids assets from Bill Barrett Corp. for an adjusted purchase price of $328.8 million, subject to customary final post-closing adjustments.

The effective date of the acquisition is October 1, 2012. The company funded this acquisition with borrowings under its existing reserve-based credit facility.

According to the release, Vanguard’s borrowing base was increased from $960 million to $1.2 billion in connection with an interim borrowing base redetermination to include the properties from this acquisition. As of ...