Alliance Resource Partners closed more oil and gas mineral interest acquisitions in fourth-quarter 2024, adding to portfolio that includes the Midland, Delaware, Anadarko and Williston basins, the company said in its earnings report.

Alliance said that it closed $9.6 million in acquisitions in the quarter and recorded full year oil and gas royalty volumes of 3.4 MMboe—up 9.6% year-over-year. The company didn’t specify where the interests were acquired.

As of December, Alliance reported owning 69,372 net royalty acres, with 53% of its interests in the Midland and Delaware.

For the quarter, oil and gas adjusted EBITDA decreased to $25.6 million (a 17% drop from third-quarter 2024) due primarily to lower average sales prices per barrel of oil equivalent.

"In the oil and gas royalty business, we achieved record production volumes for the 2024 full year despite only making modest additions to our overall acreage position,” Joseph W. Craft III, chairman, president and CEO, said in a Feb. 3 earnings release. “We continue to favor the cash flow generation profile and ability to self-fund growth in the oil and gas royalties segment, and therefore, will actively pursue growth in this segment in 2025."

Alliance invests in both coal and oil and gas interests.