Net proceeds will be used to repay bank indebtedness and for general corporate purposes.

Proceeds will be used to fund an initial program to drill up to 12 oil and gas wells on its Bone Spring properties.

Net proceeds will be used to fund the acquisition of acreage in the Anadarko Basin from Panther Energy Company LLC.

Proceeds will be used to purchase notes and pay the related consent payments, fees, and expenses.

Net proceeds will be used for general partnership purposes, including potential future acquisitions.

Net proceeds will be used to fund the acquisition of acreage in the Anadarko Basin from Panther Energy Company LLC.

Net proceeds will be used to reduce debt outstanding under its revolving credit facility and for general partnership purposes.

Net proceeds will be used to fund the repurchase of its 2017 senior notes and repay a portion of the outstanding balance under its credit facility.

Vanquish Energy LLC is a newly formed Delaware limited liability company to which Milagro will transfer substantially all of its assets in connection with the consummation of the exchange offer.

Proceeds will be used to repay borrowings, replace temporary importation bond credit facilities, pay transaction fees and expenses, and for general corporate purposes.