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Slide #82. Natural Resource Partners L.P. — North Dakota Oil and Gas Assets
Natural Resource Partners L.P. (NYSE:NRP)
North Dakota Oil and Gas Assets
Natural Resource Partners L.P. (NYSE:NRP) announced today that it has completed the previously announced acquisition of non-operated working interests in oil and gas properties located in the Williston Basin of North Dakota from Sundance Energy, Inc. for approximately $33.7 million in cash after purchase price adjustments. The acquisition has an effective date of September 1, 2013.
Natural Resource Partners owns, manages and leases a portfolio of mineral properties, including interests in coal and other natural resources and owns a non-controlling 49% interest in Ciner Wyoming LLC, a trona ore mining and soda ash production business. Co.'s business is organized into the following segments: Coal Royalty and Other, which consists primarily of coal royalty properties and coal-related transportation and processing assets; and Soda Ash, in which Ciner Resources LP, Co.'s operating partner, mines the trona, processes it into soda ash, and distributes the soda ash both domestically and internationally into the glass and chemicals industries.
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Strong Buy (4.00 out of 4)
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