A group of coal-mining, upstream and midstream oil and gas companies and shipping companies have one thing in common—they formed master limited partnerships (MLPs) with activities now focused on U.S. unconventional resources, according to speakers at the recently held National Association of Publicly Traded Partnerships in Old Greenwich, Connecticut.
Houston-based Natural Resource Partners LP generates revenue from its ownership and management of mineral-reserve properties such as coal, aggregate and oil and gas reserves. The partnership does not actively engage in mining, but leases its properties to various operators in exchange
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