Alliance Resource Partners takes over AllDale oil, mineral assets

US-headquartered Alliance Resource Partners (ARPL), has completed the acquisition of certain partnership interests in AllDale Minerals LP, and AllDale Minerals II LP, for US$175.96 million, thereby gaining control of approximately 42,000 net royalty acres in premier oil and gas resource plays.

Read: Big US companies join environmental groups to form renewable energy alliance

The AllDale acreage, now controlled by ARLP is strategically positioned in the core of the Anadarko, Permian, Williston and Appalachian basins and is concentrated in the Scoop/Stack, Delaware Basin, Midland Basin, Bakken and Marcellus/Utica. ARLP’s acreage is being actively developed by industry-leading operators, including Continental Resources, Devon Energy, Anadarko Petroleum, Pioneer Natural Resources and Concho Resources. There are currently 3,821 gross producing wells generating production net to ARLP’s interest of approximately 2,611 barrels of oil equivalent per day. In addition, there are 495 wells currently being drilled on ARLP’s acreage and another 860 permitted well locations.

ARLP, a diversified natural resource company that generates income from coal production and oil and gas mineral interests located in strategic producing regions across the US, also owns approximately 4,000 net royalty acres through its limited partner interest in AllDale Minerals III LP.