Alliance Resource Partners, L.P. acquired Oil & Gas Mineral Interests in the Anadarko, Williston and Delaware Basins.
December 30, 2023
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Alliance Resource Partners, L.P. (NasdaqGS:ARLP) agreed to acquired Oil & Gas Mineral Interests in the Anadarko, Williston and Delaware Basins on January 27, 2023. Under the agreement, the third party assists us in the identification, evaluation, and acquisition of target oil & gas mineral interests. In exchange for these services, the third party receives a participation share, partially funded by the third party, and is paid a periodic management fee. As of September 30, 2023, we have purchased $4.0 million and $3.8 millions of oil & gas mineral interests in proved and unproved properties, respectively, pursuant to this agreement. Management fees paid under this agreement have been immaterial. In addition to the acquisitions under the collaborative agreement discussed above, Alliance Resource Partners, L.P. (NasdaqGS:ARLP) purchased $3.6 million and $2.5 millions of oil & gas mineral interests in proved and unproved properties, respectively, within the Midland and Delaware Basins during the nine months ended September 30, 2023.
Alliance Resource Partners, L.P. (NasdaqGS:ARLP) completed the acquisition of Oil & Gas Mineral Interests in the Anadarko, Williston and Delaware Basins for $14.5 million on December 31, 2023.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
ALLIANCE RESOURCE PARTNERS, L.P. 
