Natural Resource Partners L.P. Acquires Overriding Royalty in the Powder River Basin
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HOUSTON, Feb. 27 -- Natural Resource Partners L.P. (NYSE:NRP)(NYSE:and)(NYSE:NYSE:)(NYSE:NSP) today reported that it has acquired an overriding royalty on 225 million tons of coal in the Powder River Basin from an affiliate of Westmoreland Coal Company for $12.7 million. The coal reserves are located in the Rocky Butte Reserve in Wyoming and are being mined by an affiliate of Peabody Energy Corporation as part of Peabody's Caballo Mine.
Natural Resource Partners L.P. is headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is a master limited partnership that is principally engaged in the business of owning and managing coal properties, and coal handling and transportation infrastructure in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin. In addition, the partnership also manages aggregate reserves, oil and gas properties and timber assets across the United States.
For additional information, please contact Kathy Hager at 713-751-7555 or khager@nrplp.com . Further information about NRP is available on the partnership's website at www.nrplp.com/ .
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Source: Natural Resource Partners L.P.
CONTACT: Kathy Hager, +1-713-751-7555, khager@nrplp.com
Web site: www.nrplp.com/
