Natural Resource Partners Buys Mineral Acreage in Mississippian Lime Oil Play

Natural Resource Partners (NRP), headquartered in Houston of Texas, has announced that the company has currently purchased around 19,200 net mineral acres of land present in the Mississippian Lime oil play.

This oil play is located in North Central Oklahoma. The company spent about $64 million for this land acquisition. These holdings were purchased as a separate acquisition series from December 2011 till date. Currently, many oil and gas operating firms have leased these holdings and are actively carrying out horizontal drill program in order to expand the acreage.

NRP has its operations headquarters in the City of Huntington, West Virginia. The company is mainly handling the business of holding and supervising the mineral reserve properties. It mainly owns aggregate, coal and gas and oil reserves across the US through which royalty returns are generated for this partnership.

Source: http://www.nrplp.com/

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.