Acquisitions & Divestitures

Kimbell Kicks Off New Year With $175 Million Springbok Acquisition

Kimbell Royalty Partners agreed to acquire the mineral and royalty interests held by the NGP-backed Springbok Energy Partners and its affiliates in a cash and stock transaction valued at $175 million.

Emily

Patsy

Hart Energy

Thu, 01/09/2020 - 05:00 PM

Kimbell Royalty Partners Kicks Off New Year With $175 Million Acquisition

In a statement, Ryan Watts, president and CEO of Springbok Investment Management and manager of the Springbok entities, called Kimbell “the natural acquiror” of the company’s acreage. (Source: Shutterstock.com)

Kimbell Royalty Partners LP added to its coffers on Jan. 9 with the multimillion-dollar acquisition of private equity backed Springbok Energy Partners LLC

Kimbell has agreed to acquire the mineral and royalty interests held by the Dallas-based company and its affiliates in a cash and stock transaction valued at $175 million.

Backed by NGP Energy Capital Management LLC, Springbok has assembled a position of more than 13,000 mineral interests across 15 unconventional resource plays in 10 states. In total, the company and its affiliated predecessor entities have invested over $200 million of investors’ capital over the past 10 years.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.

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