Business
Kimbell Royalty Partners, LP Announces $147 Million Permian Basin Mineral and Royalty Acquisition from Mesa Royalties
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests ("acquired assets") from Mesa Royalties (portfolio companies of funds managed by NGP), in a cash and unit transaction valued at approximately $147.0 million3, subject to purchase price adjustments and other customary closing adjustments (the "Acqu
About this update from Kimbell Royalty Partners
[{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Expected to be immediately accretive to distributable cash flow per unit1","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction expected to be funded with approximately 70% newly issued OpCo units directly to seller and 30% cash","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Targeted oil and natural gas mineral and royalty interests located across the Permian Basin, with over 2,300 gross producing wells and over 600 undeveloped locations","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Estimated $23.3 million of NTM cash flow at strip pricing as of May 15, 20262","length":77,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":427,"olType":false},{"type":"text","content":"FORT WORTH, Texas, May 19, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests ("acquired assets") from Mesa Royalties (portfolio companies of funds managed by NGP), in a cash and unit transaction valued at approximately $147.0 million3, subject to purchase price adjustments and other customary closing adjustments (the "Acquisition"). The purchase price for the Acquisition is comprised of $44.0 million in cash (approximately 30% of the total consideration) and approximately 6.9 million newly issued common units of Kimbell Royalty Operating, LLC ("OpCo") valued at $103.0 million.","length":862,"tagName":"p"},{"type":"text","content":"For the next twelve months, Kimbell estimates that, as of June 1, 2026, the acquired assets will produce approximately 1,390 Boe/d (754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928 Mcf/d of natural gas) (6:1). The Acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions, and the effective date is expected to be June 1, 2026.","length":371,"tagName":"p"},{"type":"text","content":"Asset Highlights: High-quality rock across stacked pay zones in de-risked areas of both the Delaware and Midland basins","length":119,"tagName":"p"},{"type":"list","items":[{"val":[{...