LRR Energy LP : LRR Energy, L.P. Announces Initial Quarterly Distribution

HOUSTON, Jan. 17, 2012/PRNewswire/ -- LRR Energy, L.P. (NYSE: LRE) ("LRR Energy") announced today the declaration of its first cash distribution for the fourth quarter of 2011 of $0.2323per outstanding unit. This prorated amount corresponds to its minimum quarterly cash distribution of $0.4750per unit, or $1.90on an annualized basis. The proration period began on November 17, 2011, the day after the closing date of LRR Energy's initial public offering, and ended December 31, 2011. The distribution will be paid on February 14, 2012to all unitholders of record on January 31, 2012.

About LRR Energy, L.P.

LRR Energy is a Delawarelimited partnership formed in April 2011by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texasand southeast New Mexico, the Mid-Continent region in Oklahomaand East Texasand the Gulf Coast region in Texas.

Forward-Looking Statements

This press release includes "forward-looking statements" -- that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "intend," "expect," "plan" or "will" or other similar words. These forward-looking statements involve certain risks and uncertainties and ultimately may not prove to be accurate. LRR Energy undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy's distributions to foreign investors are attributable to income that is effectively connected with a United Statestrade or business. Accordingly, all of LRR Energy's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

SOURCE LRR Energy, L.P.

Investors, Todd Hassen, Director of Finance, [phone], [e-mail]; or Jaime Casas, Chief Financial Officer, [phone], [e-mail]