Rhino Flips 20% of Utica Investment to Undisclosed 3rd Party

Rhino Resource Partners is a master limited partnership (MLP) that produces coal in various basins throughout the U.S. They also invest in oil and gas acreage in both the Utica and Cana Woodford shale plays. MDN previously told you about a joint venture investment made by Rhino with both Gulfport and Wexford Capital in the Utica just last year—investing in 125,000 Utica Shale acres (see Rhino Resource Ups Investment in Utica Shale JV). Rhino has decided to “flip” part of their Utica investment and has sold a 20% portion of their ownership interest to an undisclosed third party.

The very brief and light-on-details Rhino press release from yesterday:

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