| Natural Resource Partners L.P. Completes Acquisition of Additional Williston Basin Oil and Gas Interests for $339 million | |
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HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE:NRP) today reported that it has completed the acquisition of non-operated working interests in oil and gas properties in the Bakken/Three Forks play of the Williston Basin from an affiliate of Kaiser-Francis Oil Company for $339 million, subject to customary post-closing adjustments. The assets, located in the Sanish Field in Mountrail County, North Dakota, are all held by production and operated by Whiting Petroleum Corporation.
The transaction was funded with proceeds from both debt and equity capital market transactions completed in October and through borrowings from NRP Oil and Gas's upsized credit facility. In conjunction with the closing of the transaction, the borrowing base under that credit facility was increased to $137 million.
Company Profile
Natural Resource Partners L.P. ("NRP") is a master limited partnership headquartered in Houston, TX. NRP is a diversified natural resource company that owns interests in oil and gas, coal, aggregates and industrial minerals across the United States. A large percentage of NRP's revenues are generated from royalties and other passive income. In addition, NRP owns an equity investment in OCI Wyoming, a trona/soda ash operation, owns non-operated working interests in oil and gas properties and owns VantaCore, making NRP one of the top 25 aggregates producers in the United States.
For additional information, please contact Kathy H. Roberts at 713-751-7555 or [email protected]. Further information about NRP is available on the partnership's website at http://www.nrplp.com.
SOURCE Natural Resource Partners L.P.
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Natural Resource Partners L.P.
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CODE : NRP |
ISIN : US63900P1030 |
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Natural Resources Partners est une société de production minière basée aux Etats-Unis D'Amerique. Natural Resources Partners détient divers projets d'exploration en USA. Son principal projet en exploration est D.D. SHEPARD en USA. Natural Resources Partners est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,1 milliards US$ (1,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 24 juillet 2020 à 10,00 US$, et son plus haut niveau récent le 26 avril 2024 à 91,73 US$. Natural Resources Partners possède 12 241 602 actions en circulation. |