NRP Buys VantaCore to Supply Rocks to Marcellus/Utica Drillers
Natural Resource Partners (NRP), a company headquartered in Houston, TX but with it’s operations headquarters in Huntington, WV has its fingers in a lot of pies–including coal companies, concrete companies, and oil and gas companies. NRP has just added yet another aggregates (concrete and rocks) company to its portfolio of companies. NRP purchased VantaCore Partners, a Philadelphia company, mainly because of VantaCore’s operations that supply limestone and base material to oil and gas companies in the Marcellus and Utica shale plays. NRP knows a good thing when it sees it…
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In a seemingly strange twist, Shell has just picked up more Marcellus and Utica Shale acreage. Say what? Yesterday MDN told you that Rex Energy just bought 208,000 Marcellus acres from Shell in southwest Pennsylvania’s wet gas area (see
Perhaps this is a bit tongue-in-cheek, but not by much. Next week I will have the awesome responsibility of giving away my daughter’s hand in marriage. And I credit the Marcellus Shale, in part, for providing the money (lots of money!) it takes to host a wedding these days.
What is it about the oil majors that they can’t seem to turn a profit in America’s shale plays? Somehow the smaller, leaner independents keep beating the majors, time and again. Latest example: Shell. In 2010, Shell paid a whopping $4.7 billion to buy East Resources (see