Current ARLP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Wing Resources to sell assets for $145 million
Tulsa, Oklahoma-based Alliance Resource Partners, L.P. (stock ticker: ARLP) has entered into a definitive agreement to acquire oil and gas mineral interests in the Permian Basin from Wing Resources LLC/Wing Resources II LLC for a cash purchase price of $145 million.

The deal would increase Alliance’s Permian holdings by approximately 9,000 net acres in the Midland, with exposure to more than 400,000 gross acres.

Source: Wing Resources

Currently, the acreage in question is home to 783 gross horizontal wells, 441 drilled but uncompleted wells and 279 permits. Wing’s assets are able to produce 460 BOEPD, 70% of which is oil and 1...

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