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News Breaks | | | | October 30, 2012 | | 12:43 EDT |  | NRP | Natural Resource Partners acquires Wisconsin frac sand royalty
Natural Resource Partners reported the acquisition of an overriding royalty interest in frac sand reserves located on approximately 561 acres near Wyeville, Wisconsin for a purchase price of $15M. The acquisition was funded from NRP's credit facility.The premium Northern White sand reserves are currently being mined, processed, and sold under long-term contracts and will immediately generate income for NRP. The reserves, with an estimated reserve life exceeding 30 years, are strategically located and the production facility has logistics capabilities enabling the facility to serve all major U.S. oil and natural gas producing basins, particularly the Bakken. Frac sand is utilized by oil and gas service companies in the fracturing process during the completion of wells | |
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News For NRP From The Last 14 Days Check below for free stories on NRP the last two weeks. |
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| May 6, 2013 | | 17:11 EDT |  | NRP | Natural Resource Partners reports Q1 EPS 43c, consensus 39c
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