NACCO Industries, Inc. (NYSE:NC) acquired Mineral interests within the Midland Basin, the eastern sub-basin of the oil-rich Permian Basin for $37 million.
March 05, 2024
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NACCO Industries, Inc. (NYSE:NC) acquired Mineral interests within the Midland Basin, the eastern sub-basin of the oil-rich Permian Basin for $37 million in December, 2023. The acquisition includes 43.4 thousand gross acres and 2.5 thousand net royalty acres.
NACCO Industries, Inc. (NYSE:NC) completed the acquisition of Mineral interests within the Midland Basin, the eastern sub-basin of the oil-rich Permian Basin in December, 2023.
NACCO Industries, Inc. is a holding company. It brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. The Companyâs segments include Coal Mining, North American Mining (NAMining) and Minerals Management. The Coal Mining segment operates surface coal mines for power generation companies. The NAMining segment is a mining partner for producers of aggregates, activated carbon, lithium and other industrial minerals. The Minerals Management segment, which includes the Catapult Mineral Partners (Catapult) business, acquires and promotes the development of mineral interests. Mitigation Resources of North America (Mitigation Resources) provides stream and wetland mitigation solutions. NAMining provides contract mining services for independently owned mines and quarries, creating value for its customers by performing the mining aspects of its customersâ operations.
NACCO Industries, Inc. (NYSE: NC) acquired Mineral interests within the Midland Basin, the eastern sub-basin of the oil-rich Permian Basin for $37 million.
NACCO INDUSTRIES, INC. 
