Kimbell Royalty Partners Buys Multibasin Bolt-on for $57 Million in Cash

The company’s portfolio currently includes over 13 million gross acres with 123,000 gross wells and a total of 63 active rigs in 28 states.

Hart Energy Staff

Kimbell Royalty Partners LP has agreed to acquire mineral and royalty interests from an undisclosed seller on Nov. 9 in an all-cash transaction valued at approximately $57 million, subject to purchase price adjustments and other customary closing adjustments. 

According to Kimbell’s estimates, the seller's royalty assets produced 700 barrels of oil equivalent per day (boe/d), 240 barrels per day (bbl/d) of oil, 123 bbl/d of NGLs and 2,021 Mcf/d of natural gas across a diverse property set with over 26,000 gross producing wells concentrated in the Permian (39%), Midcontinent (31%) and Haynesville (14%) basins. 

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