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Natural Resource Partners completes acquisition of Bakken oil and gas assets


Published Aug 14, 2013
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Natural Resource Partners L.P.

Natural Resource Partners L.P. has completed the previously announced acquisition of non-operated working interests in the Bakken/Three Forks play from Abraxas Petroleum Corporation for $38.3 million in cash after purchase price adjustments. The acquisition has an effective date of March 1, 2013.

The acquisition consists of approximately 13,500 net acres that are held by production with an estimated average working interest of 11% in the Bakken/Three Forks play. The acquisition includes approximately 134 producing wells in addition to interests in 18 wells that are in various stages of development. NRP expects the acquisition to be immediately accretive to NRP's unitholders.

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