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News Breaks | | | | December 20, 2012 | | 16:32 EDT |  | NRP | Natural Resource Partners acquires Marcellus Oil and Gas interests
Natural Resource Partners reported that it has acquired overriding royalty interests in the Marcellus Shale for $30.3M. The acquisition was funded through the partnership's credit facility. The acquisition is on approximately 88,000 net acres located mainly in the liquids rich region of the Marcellus Shale. The acreage is currently leased and includes established production as well as significant additional planned development potential. This acquisition continues to diversify NRP's revenues and expand NRP's unconventional oil and gas holdings, which currently include assets located primarily in the Marcellus Shale, Mississippi Lime, and Haynesville Shale plays. | |
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