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Natural Resource Partners L.P. Announces Pricing of Public Offering of Common Units


HOUSTON, Oct. 6, 2014 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE: NRP) announced today that it has priced an underwritten public offering of 8,500,000 common units representing limited partner interests in Natural Resource Partners L.P. at $12.02 per common unit in an offering registered under the Securities Act of 1933, as amended.  Corbin J. Robertson, Jr., NRP's Chairman and Chief Executive Officer, and certain members of his family and his and their affiliates are expected to purchase up to a total of 1,039,933 common units in the offering, and the underwriters will receive no discount or commission on any common units purchased by them.  In connection with the offering, Natural Resource Partners L.P. granted the underwriters a 30-day option to purchase up to 1,275,000 additional common units.  Natural Resource Partners L.P. intends to use the net proceeds of approximately $100.7 million from this offering, including its general partner's proportionate capital contribution, to fund a portion of the purchase price of the pending acquisition of non-operated working interests in oil and gas assets located in the Bakken/Three Forks play from an affiliate of Kaiser-Francis Oil Company.

Natural Resource Partners LP logo.

Citigroup, Wells Fargo Securities, BofA Merrill Lynch and UBS Investment Bank are acting as joint book-running managers and Stifel and BB&T Capital Markets are acting as co-managers of the offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The common units were offered and sold pursuant to an effective registration statement on Form S-3, as amended, previously filed with the Securities and Exchange Commission (the "SEC"). This offering may be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC.

When available, copies of the prospectus supplement and the accompanying prospectus related to this offering may be obtained from the following addresses:


c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (800) 831-9146


Wells Fargo Securities

Attn: Equity Syndicate Dept. 

375 Park Avenue 

New York, NY 10152 

Telephone: (800) 326-5897


Company Profile
Natural Resource Partners L.P. ("NRP") is a master limited partnership headquartered in Houston, TX.  NRP is a diversified natural resource company that owns interests in oil and gas, coal, aggregates and industrial minerals across the United States.  A large percentage of NRP's revenues are generated from royalties and other passive income.  In addition, NRP owns an equity investment in OCI Wyoming, a trona/soda ash operation, owns non-operated working interests in oil and gas properties and owns VantaCore, making NRP ranked as one of the top 25 aggregates producers in the United States.

For additional information, please contact Kathy H. Roberts at 713-751-7555 or Further information about NRP is available on the partnership's website at

Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. 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, oil and gas, and aggregates and industrial minerals, including trona/soda ash; 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 L.P.'sSecurities 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.

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SOURCE Natural Resource Partners L.P.

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