M&A Deal Summary

Alliance Resource Partners Acquires Wing Resources - Permian Basin Oil & Gas Mineral Interests

On June 24, 2019, Alliance Resource Partners acquired metals/mining company Wing Resources - Permian Basin Oil & Gas Mineral Interests from Wing Resources for 145M USD

Acquisition Highlights
  • This is Alliance Resource Partners’ 2nd transaction in the Metals/Mining sector.
  • This is Alliance Resource Partners’ largest (disclosed) transaction.
  • This is Alliance Resource Partners’ 2nd transaction in the United States.
  • This is Alliance Resource Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2019-06-24
Target Wing Resources - Permian Basin Oil & Gas Mineral Interests
Sector Metals/Mining
Buyer(s) Alliance Resource Partners
Sellers(s) Wing Resources
Deal Type Divestiture
Deal Value 145M USD

Target

Wing Resources - Permian Basin Oil & Gas Mineral Interests

Dallas, Texas, United States
Wing Resources LLC - Permian Basin Oil & Gas Mineral Interests presence in the Permian Basin through the addition of approximately 9,000 net royalty acres in the Midland Basin, with exposure to more than 400,000 gross acres. There are 783 gross horizontal wells currently producing on the acreage to be acquired delivering an estimated 460 BOE per day (70% oil, 14% NGLs) net to the Wing interests

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Buyer(S) 1

Buyer

Alliance Resource Partners

Tulsa, Oklahoma, United States
Category Company
Founded 1971
Sector Metals/Mining
Employees3,595
Revenue 2.6B USD (2023)
DESCRIPTION

Alliance Resource Partners is a producer and marketer of coal. Alliance Resource Partners was incorporated in 1971 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 White Oak Resources

McLeansboro, Illinois, United States

White Oak Resources LLC is a producer of coal.

Buy -

Seller(S) 1

SELLER

Wing Resources

Dallas, Texas, United States
Category Company
Founded 2016
Sector Metals/Mining
DESCRIPTION

Wing Resources is a Permian Basin focused mineral and royalty acquisition company. Wing's assets cover more than 200,000 gross and over 4,000 wells throughout the Midland Basin and Delaware Basin of West Texas and New Mexico. Wing’s long-term investment strategy allows it to offer large lump-sum payments up front. Wing is different from most traditional brokers, which lack both the capital resources and investment horizon to be able to offer mineral owners a fair deal for their assets. Wing Resources was founded in 2016 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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