Alliance Resource Partners closed a $10.5 million acquisition of oil and gas mineral interests in the third quarter, the company said in its Oct. 28 earnings report.
The company holds a portfolio of interests 鈥渉eavily weighted鈥� toward the Permian Basin, though it didn鈥檛 specify where it bought interests. The company also holds mineral and royalty interests in the Anadarko, Williston and Appalachian basins.
The company invests in both coal and oil and gas interests. Since 2014, Alliance has invested about $730 million in oil and gas royalties across 68,578 net royalty acres, that have generated $447 million in adjusted EBITDA.
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