Oil, Gas and Consumable Fuels
Company Overview of Alpha Coal Sales Co., LLC
Alpha Coal Sales Co., LLC produces and sells coal. It also engages in purchase and resale of coal mined by others. The company offers steam and metallurgical grades coal blended to provide specific qualities of heat content, sulfur, and ash. It supplies coal to electric utilities, steel manufacturers, industrial customers, and energy traders and brokers. The company was incorporated in 2002 and is based in Abingdon, Virginia. Alpha Coal Sales Co., LLC operates as a subsidiary of Alpha Natural Resources, Inc. On August 3, 2015, Alpha Coal Sales Co., LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia. It is in join...
One Alpha Place
PO Box 2345
Abingdon, VA 24209
Founded in 2002
Key Executives for Alpha Coal Sales Co., LLC
President of International Sales Portfolio
Senior Vice President of Thermal Sales
Vice President of International Sales
Compensation as of Fiscal Year 2016.
Alpha Coal Sales Co., LLC Key Developments
Motion for Asset Sale Approved for Alpha Natural Resources, Inc.
May 26 16
The US Bankruptcy Court gave an order approving the sale of certain assets of Alpha Natural Resources, Inc. on May 26, 2016. The debtor has been authorized to sell its certain assets to Vantage Energy Appalachia II LLC, for a purchase price of $339.5 million. The debtor’s assets include certain oil and gas properties and related assets. At the auction held, Vantage Energy Appalachia II LLC emerged as the winning bidder by offering a purchase price of $339.5 million whereas Rice Drilling B LLC has been appointed, stalking horse bidder as the back-up bidder. John Higgins and Jeremy Mouton of Porter Hedges LLP acted as legal advisors to Vantage Energy.
Notice for Successful Bidder Filed by Alpha Natural Resources, Inc.
May 17 16
Alpha Natural Resources, Inc. filed a notice in the US Bankruptcy Court for the sale of certain assets on May 17, 2016. The debtor conducted an auction for sale of Pennsylvania Land Resources, LLC’s assets. Vantage Energy Appalachia II, LLC emerged as the successful bidder with purchase price of $339.5 million and Rice Drilling B LLC as back-up bidder for a purchase price of $335 million. Pennsylvania Land Resources, LLC signed an asset purchase agreement for the sale of same assets on May 16, 2016. John Higgins and Jeremy Mouton of Porter Hedges LLP acted as legal advisors to the successful bidder.
Alpha Coal Sales Co. LLC Inks $19 Million Coal Supply Agreement with Kentucky Utilities
May 11 16
Alpha Coal Sales Co. LLC signed a $19 million coal supply agreement with two Kentucky utilities in February. Louisville Gas and Electric Co. and Kentucky Utilities Co. agreed to buy 500,000 tons of coal for delivery in 2017 at the annual base price of $38 per ton, with some possible adjustments based on quality of the product. Assuming the base price and quantity set forth in the agreement, Alpha will stand to make $19 million from the coal sale. The coal supplied in the agreement will come from the Cumberland mine in Pennsylvania, which Alpha is currently shopping for sale as part of its effort to split assets into core and non-core during a Chapter 11 bankruptcy restructuring.
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