Dec. 22, 2011 /PRNewswire/ --
Natural Resource Partners L.P. (NYSE: NRP) today reported that it has acquired approximately 3600 net mineral acres located in the Mississippian Lime oil play in North Central Oklahoma for an undisclosed purchase price. The mineral acres located in
Grant County, Oklahoma are currently leased to two oil and gas operating companies and are actively being developed with horizontal drilling. NRP funded this acquisition from cash and anticipates the acquisition to be accretive in 2012.
Natural Resource Partners L.P. is a master limited partnership headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is principally engaged in the business of owning and managing mineral reserve properties. NRP primarily owns coal, aggregate and oil and gas reserves across the United States that generate royalty income for the partnership.
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