Alliance Resource Partners, L.P. Updates Operating Guidance for the Full Year 2021
April 26, 2021 at 07:00 am EDT
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Alliance Resource Partners, L.P. updated operating guidance for the full year 2021. For the year, the company expected oil production of 625,000 barrels to 710,000 barrels, natural gas of 2,630,000 mcf to 2,980,000 mcf, and liquids of 285,000 barrels to 325,000 barrels.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.