AcquisitionsJun 23, 2026, 09:21 AM
Kimbell Royalty Partners Closes $145.9M Permian Basin Acquisition
AI Summary
Kimbell Royalty Partners, LP announced the completion of its previously announced acquisition of mineral and royalty interests from Mesa Royalties for approximately $145.9 million. The consideration comprised $44 million in cash and 6,929,000 OpCo Common Units and Class B Units. The acquired assets, located in the Permian Basin, are estimated to produce 1,390 Boe/d and include 711 Net Royalty Acres. Kimbell also entered into a Registration Rights Agreement related to the newly issued units.
Key Highlights
- Kimbell Royalty Partners completed the acquisition of mineral and royalty interests from Mesa Royalties.
- The total acquisition value was approximately $145.9 million.
- Consideration included $44 million in cash and 6,929,000 OpCo Common Units and Class B Units valued at $101.9 million.
- The acquired assets are estimated to produce approximately 1,390 Boe/d (754 Bbl/d oil) for the next twelve months.
- The acquired assets cover 711 Net Royalty Acres (5,691 NRA normalized to 1/8th) across 16 Permian counties.
- Kimbell entered into a Registration Rights Agreement for the resale of Common Units issuable upon conversion of the new units.
- The OpCo Common Units and Class B Units were issued in a private placement exempt from registration requirements.
Price Impact
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