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Exhibit 99.4 DISCLAIMER: The table below provides, in summary form and for illustrative purposes only, additional information regarding a range of estimated taxable income or loss, as applicable, that may be recognized by holders of common units (the “VNR Common Units”) of Vanguard Natural Resources, LLC (together with certain subsidiaries, the “Debtors”) in 2017 who are holders of record on the consummation date of the Plan, including in connection with cancellation of indebtedness income and taxable loss arising from transactions contemplated by the Plan. THE FOLLOWING TABLE IS NOT A SUBSTITUTE FOR CAREFUL TAX PLANNING AND ADVICE BASED UPON THE INDIVIDUAL CIRCUMSTANCES PERTAINING TO A HOLDER OF VNR COMMON UNITS. ALL HOLDERS OF VNR COMMON UNITS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS AS TO THE FEDERAL, STATE, LOCAL, AND NON‐U.S. INCOME, ESTATE, AND OTHER TAX CONSEQUENCES OF THE PLAN. The Debtors expressly caution readers not to place undue reliance on this illustrative table. Vanguard Natural Resources, LLC 2017 Estimated Taxable Income/(Loss) per Common Unit by Partner Group Unit Unit Purchase Price 2017 Estimate Taxable Income/(Loss) Range Partner Group Acquisition Date Low High Low High Median ENP Legacy Public 11.67 33.53 ($17.38) $13.46 ($1.95) EROC Legacy Public 5.95 128.38 ($36.02) ($0.72) ($11.29) LRE Legacy Public 5.96 35.49 ($23.06) ($2.67) ($12.54) VNR IPO and Market Purchaser 10/2007 – 08/2008 $14.01 $19.02 ($6.64) $0.47 ($2.93) VNR Market Purchaser 09/2008 – 07/2009 $4.72 $15.80 $2.60 $9.22 $5.89 VNR Market Purchaser 08/2009 – 11/2009 $13.69 $19.21 ($3.18) ($0.80) ($1.64) VNR Market Purchaser 12/2009 – 12/2010 $18.05 $29.65 ($12.00) ($5.05) ($8.83) VNR Market Purchaser 01/2011 – 12/2011 $23.00 $33.00 ($13.13) ($5.81) ($9.81) VNR Market Purchaser 01/2012 – 05/2013 $23.29 $30.00 ($18.53) ($12.67) ($16.05) VNR Market Purchaser 06/2013 – 09/2014 $25.57 $32.95 ($24.55) ($15.44) ($19.05) VNR Market Purchaser 10/2014 – 11/2014 $22.04 $27.37 ($17.83) ($13.67) ($14.63) VNR Market Purchaser 12/2014 – 07/2015 $10.46 $21.82 ($11.64) ($4.72) ($9.51) VNR Market Purchaser 08/2015 – 11/2015 $5.47 $9.86 ($6.09) ($2.50) ($3.17) VNR Market Purchaser 12/2015 – 12/2016 $0.50 $5.84 ($0.26) $2.11 $1.61 VNR Market Purchaser After 12/2016 $0.05 $1.07 $1.21 $1.97 $1.49 Assumptions ● Uni?zed amounts provided for Common Public units only ● Uni?zed amounts exclude partners who have contributed property in exchange for units ● Uni?zed differences due to partner alloca?ons of §704(c) and §743(b) step‐up and step‐down ● 2017 estimated taxable income includes estimate of CODI of $3.32 per unit and deemed taxable loss arising from the transactions contemplated by the Plan ● Es?mated taxable income includes es?mated cost deple?on expense only and does not include an es?mate for percentage depletion ● No distribu?ons contemplated for 2017