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Peabody Energy Corp. Message Board

  • oilmetinman oilmetinman Nov 3, 2011 12:04 PM Flag

    PVR another coal/gas LP gives back 7.65%

    PVR another coal LP gives back 7.65%

    Penn Virginia Resource Partners, L.P. (PVR) is engaged in the management of coal and natural resource properties and the gathering and processing of natural gas in the United States. PVR conducts operations in two business segments: coal and natural resource management and natural gas midstream. During the year ended December 31, 2010, the Company's coal and natural resource management segment contributed 74%, to operating income, and its natural gas midstream segment contributed 26%, to operating income. During 2010, the Company completed two acquisitions of coal mineral reserves. On March 10, 2011, PVG completed its merger into Penn Virginia Resource Partners, L.P. In October 2011, the Company purchased 18.6 million tons of coal reserves along with associated timber, oil and gas assets on over 4,700 acres of properties in Kanawha and Boone counties, West Virginia.

 
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