Located in Grant County, the mineral acres are currently leased to two oil and gas operating firms and are being developed with horizontal drilling.
The acquisition was funded by the company from cash and is expected to be accretive in 2012.
US-based Natural Resource Partners is a master limited partnership and is mainly engaged in the business of owning and managing mineral reserve properties.
The company primarily owns coal, aggregate and oil and gas reserves across the US which generate royalty income for the partnership.
