Oak Grove
Project information
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Alabama Kanu Holdings, LLC
Operator name:
Alabama Kanu Holdings, LLC
Extraction:
Underground
Extraction:
Underground
Country:
United States
Country:
United States
Region:
Alabama
Region:
Alabama
Interest conditions:
Payments based on the greater of a percentage of the sale price or fixed royalty per ton of coal mined and sold; Subject to minimum payments credited against future royalties with time limits on recoupment; Current lease expires in 2029 with two five-year renewal options.
Description
NRP royalty over the Oak Grove metallurgical coal mine in Jefferson County, Alabama, operated by Crimson Oak Grove Resources, LLC. Production comes from a longwall mine and is transported by beltline to a preparation plant. Products are shipped via railroad and barge primarily to export customers.
Royalty interests
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