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Natural Resource Partners L.P. Closes Three Acquisitions

09/29/2005

HOUSTON, Sept. 29 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P. (NYSE: NRP) today announced that it has closed three separate transactions in the last week for an aggregate purchase price of $19.5 million. NRP funded the acquisitions with $13.5 million in cash on hand, and borrowed the remaining $6 million under its revolving credit facility.

On September 22, 2005, NRP acquired a coal preparation plant and a rail load-out facility in Greenbrier County, West Virginia for $6 million. The facilities will primarily process coal produced from NRP's Plum Creek properties, which it acquired in February. NRP expects the facilities to generate revenues of approximately $2.5 million in 2006.

In two separate transactions on September 26, 2005, NRP acquired approximately 25 million tons of owned coal reserves and an overriding royalty on 14 million tons of leased coal reserves in Randolph, Upshur and Barbour Counties in north-central West Virginia for $13.5 million. NRP expects the acquisitions to generate increasing production and revenues in future years, with approximately $0.5 million in 2006, approximately $1.4 million in 2007 and exceeding $2 million on an estimated 600,000 tons of production in 2008. NRP anticipates the production and revenues to continue to increase through 2011.

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 in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin.

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 http://www.nrplp.com .

This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements include the estimated coal reserves, estimated coal reserves associated with the overriding royalty interest, coal production volumes and estimated coal royalty revenues. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward- looking statements. These statements are based on certain assumptions made by the partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the partnership. These risks include, but are not limited to, decreases in demand for coal; changes in operating conditions and costs; production cuts by our lessees; commodity prices; unanticipated geologic problems; changes in the legislative or regulatory environment and other factors detailed in Natural Resource Partners' Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Natural Resource Partners L.P.
09/29/2005 R
CONTACT: Kathy Hager of Natural Resource Partners L.P., +1-713-751-7555,
or khager@nrplp.com
Web site: http://www.nrplp.com
(NRP)

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