Encore Energy Partners LP (NYSE:ENP) announced it has closed on the acquisition of producing oil and natural gas assets in the Permian Basin of West Texas for a net purchase price of $14.8 million from a private seller. The properties acquired by ENP have estimated total net proved reserves of 1.03 million barrels of oil equivalent, of which approximately 87% are oil and natural gas liquids reserves. The properties being acquired are 51% proved developed and the current production is approximately 115 Boe/d.

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