July 30, 2016 11:19 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Alpha Appalachia Holdings, Inc.

Company Overview

Alpha Appalachia Holdings, Inc., through its subsidiaries, operates coal mines and processing facilities primarily in the United States. The company engages in producing, processing, and selling steam and metallurgical grade bituminous coal, primarily of low sulfur content for power generation, metallurgical coke production, and industrial boilers. As of January 31, 2011, it operated 84 mines, including 66 underground mines and 18 surface mines in West Virginia, Kentucky, and Virginia. The company also produces, gathers, and markets natural gas in the Appalachian Basin. It owns and operates approximately 160 wells, 200 miles of gathering line, and various small compression facilities. The co...

4 North 4th Street

Richmond, VA 23219

United States

Founded in 1912

7,613 Employees

Phone:

804-788-1800

Fax:

804-788-1801

Key Executives for Alpha Appalachia Holdings, Inc.

Vice President of Sales & Marketing and President of Massey Coal Sales Company Inc
Age: 66
President of Group Operations
Age: 59
Chief Administrative Officer and Vice President
Age: 51
Chief Compliance Officer, Vice President, Treasurer and Vice President of Finance of A T Massey
Age: 56
Vice President and General Counsel
Age: 46
Compensation as of Fiscal Year 2016.

Alpha Appalachia Holdings, Inc. Key Developments

Motion for Asset Sale Approved for Alpha Natural Resources, Inc.

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.

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.

Bidding Procedure Approved for Alpha Natural Resources, Inc.

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of certain assets of Alpha Natural Resources, Inc. on March 11, 2016. The Court approved the asset purchase agreement between Pennsylvania Land Resources, LLC and Rice Drilling B LLC for a purchase price of $200 million. The assets include natural gas business in the Marcellus Shale in southwestern Pennsylvania which includes all oil and gas assets. The stalking horse bidder deposited a sum of $20 million as per the terms of asset purchase agreement. Each qualified bidder must make a good faith deposit of 10% of the purchase price. To qualify as a qualified bidder, interested parties should submit their bids by April 26, 2016. The initial minimum overbid should be at least $204.5 million. The debtor has scheduled an auction on May 16, 2016. At the auction, the subsequent bids would be in increments of $1 million. The stalking horse bidder would be entitled to a break-up fee of $2 million and expense reimbursement of $1.5 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for May 26, 2016.

Similar Private Companies By Industry

Company Name Region
102 Oil Wells in East Texas Field United States
11 Good Energy, Inc. United States
1280 Horizons, LLC United States
15 Fields in Williston Basin United States
153 Woodbine Wells in The East Texas Oil Field in Rusk County United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Alpha Appalachia Holdings, Inc., please visit www.alphanr.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.