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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Onshore