Penn Virginia Resource Partners, L.P. is engaged in the management of coal and natural resource properties and the gathering and processing of natural gas in the United States. The Company conducts operations in two business segments: coal and natural resource management, and natural gas midstream. During the year ended December 31, 2008, approximately 84% of its operating income was attributable to its coal and natural resource management segment, and approximately 16% of its operating income was attributable to its natural gas midstream segment. In July 17, 2008, the Company completed the acquisition of Lone Star Gathering, L.P. (Lone Star) in the Fort Worth Basin. In May 2008, the Company acquired approximately 29 million tons of coal reserves and approximately 56 million board feet of hardwood timber in Central Appalachia. In April 2008, the Company acquired a 25% interest in Thunder Creek, a joint venture that gathers and transports coalbed methane in Wyoming’s Powder River Basin.