As previously disclosed, Vanguard Natural Resources, LLC (the
Company) and certain subsidiaries (such subsidiaries, together
with the Company, the Debtors) filed voluntary petitions for
relief (the cases commenced thereby, the Chapter 11 Cases) under
chapter 11 of the United States Bankruptcy Code (the Bankruptcy
Code) in the United States Bankruptcy Court for the Southern
District of Texas (the Bankruptcy Court). The Chapter 11 Cases
are being administered under the caption In re Vanguard Natural
Resources, et al.

On March 30, 2017, the Debtors filed their monthly operating
report, which included financial information as of February 28,
2017 and for the period covering February 1, 2017 through
February 28, 2017 (the Monthly Operating Report) with the
Bankruptcy Court. The Monthly Operating Report is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01 of this Current Report on Form
8-K, including the attached Exhibit 99.1, is being furnished to
General Instruction B.2 of Form 8-K and shall not be deemed to be
filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the Exchange Act), is not subject to the
liabilities of that section and is not deemed incorporated by
reference in any of the Companys filings under the Securities Act
of 1933, as amended, unless specifically identified therein as
being incorporated therein by reference.

Cautionary Note Regarding the Monthly Operating Report

The Company cautions investors and potential investors not to
place undue reliance upon the information contained in the
Monthly Operating Report which was not prepared for the purpose
of providing the basis for an investment decision relating to any
of the securities of the Company. The Monthly Operating Report is
limited in scope, covers limited time periods, and has been
prepared solely for the purpose of complying with the monthly
reporting requirements of the Bankruptcy Court. The Monthly
Operating Report was not audited or reviewed by independent
accountants, was not prepared in accordance with U.S. generally
accepted accounting principles, is in a format prescribed by
applicable bankruptcy laws, and is subject to future adjustment
and reconciliation. There can be no assurance that, from the
perspective of an investor or potential investor in the Companys
securities, the Monthly Operating Report is complete. The Monthly
Operating Report also contains information for a period which is
shorter and otherwise different from those required in the
Companys periodic reports to the Exchange Act, and such
information might not be indicative of the Companys financial
condition or operating results for a period that would be
reflected in the Companys financial statements or in its reports
to the Exchange Act. Information set forth in the Monthly
Operating Report should not be viewed as indicative of future
results.

Forward-Looking Statements

Statements in this Current Report on Form 8-K that relate to
future results and events are not facts and constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on the Companys current expectations,
estimates and assumptions and, as such, involve certain risks and
uncertainties. The ability of the Company to predict results or
the actual effects of its plans and strategies is subject to
inherent uncertainty. Actual results and events in future periods
may differ materially from those expressed or implied by these
forward-looking statements because of a number of risks,
uncertainties and other factors. All statements other than
statements of historical fact, including statements containing
the words intends, believes, expects, will, and similar
expressions, are statements that could be deemed to be
forward-looking statements. In addition, the forward-looking
statements represent the Companys views as of the date as of
which they were made. The Company anticipates that subsequent
events and developments may cause its views to change. However,
although the Company may elect to update these forward-looking
statements at some point in the future, it specifically disclaims
any obligation to do so. These forward-looking statements should
not be relied upon as representing the Companys views as of any
date subsequent to the date hereof. Additional factors that may
cause results to differ materially from those described in the
forward-looking statements are set forth in the Companys Annual
Report on Form 10-K for the fiscal year ended December 31, 2016,
which was filed with the Securities and Exchange Commission on
March 15, 2017, under the headings Risk Factors and
Forward-Looking Statements. Additional risks include, but are not
limited to, those associated with the Companys filing for relief
under Chapter 11 of the Bankruptcy Code.

Item 8.01

The Company cautions that trading in the Companys securities
during the pendency of the anticipated Chapter 11 Cases is highly
speculative and poses substantial risks. Trading prices for the
Companys securities may bear little or no relationship to the
actual recovery, if any, by holders of the Companys securities in
the Chapter 11 Cases.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.