Tag Archive for: royaltyinterests

Alliance Resource Partners rises 1.5% premarket after agreeing to buy AllDale III & IV GP/LP interests for $206.2M.

Alliance Resource expands royalty interests in $206M deal

Alliance Resource Partners said it has agreed to acquire additional general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for about $206.2 million, subject to customary closing adjustments. The transaction places the combined gross valuation of the AllDale III and IV interests at roughly $410 million.

The company’s portion of the deal is part of a larger $306.2 million purchase from third-party sellers, with related parties of Joseph W. Craft III, Alliance Resource Partners’ chairman, president, and CEO, expected to acquire $100 million of the interests. Alliance plans to fund its share using cash on hand, a new financing arrangement, and borrowings under its existing credit facility.

For investors following oil and gas royalties, the deal highlights continued interest in mineral and royalty assets tied to U.S. energy production. Royalty interests can provide exposure to production revenue without direct operating control, making deal activity in this space relevant for readers evaluating mineral rights and royalty opportunities.

Source: MSN

Read the full original article here

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