Radnor, Pennsylvania-based Penn Virginia Resource Partners, L.P. (PVR) is a master limited partnership engaged primarily in coal-royalty leasing activities and gathering and processing natural gas. The partnership's coal properties are located in the Appalachian, Illionois, and San Juan basins (Virginia, West Virginia, eastern Kentucky, southern Illinois, and New Mexico). The partnership's natural gas midstream business was acquired in March of 2005 and has assets in both Oklahoma and Texas.
As of the end of 2006 Penn Virginia LP controlled approximately 765 million tons of proved and probable reserves (approximately 87% steam coal, 13% metallurgical). Approximately 73% of the coal produced from the partnership's properties comes from underground mines. PVR made three coal acquisitions in 2006, adding 96 million tons of coal reserves. Also, in the first half of 06 the partnership purchased additional pipeline assets to complement its current natural gas midstream business. More recently, the company has expanded into both timber assets and oil & gas royalty lands.(Read more at Wikinvest )