Thoroughbred Resources

Thoroughbred owns land and mineral rights located in the Illinois Basin of western Kentucky containing more than 400 million tons of coal reserves as of December 31, 2016. Thoroughbred collects royalties, overriding royalties and ancillary rental fees associated with these properties.

The basin is one of the most productive coal regions in the world and remains a growth market for coal given low-cost access to domestic and international transportation infrastructure, low delivery costs to power markets in the Eastern U.S. and an improving regulatory environment. According to Wood Mackenzie, production in the Illinois Basin is expected to grow from 98 Mtpa in 2017 to 125 Mtpa by 2030, representing 28% growth.

Additionally, Thoroughbred owns and controls approximately 20,000 surface acres in Ohio and Muhlenburg counties.