Acquisitions & Divestitures

Kimbell Royalty Partners Tacks On Eagle Ford Core In All-Stock Deal

Kimbell’s all-stock acquisition, with privately-held Buckhorn Resources, includes mineral and royalty assets primarily located in the core of the Eagle Ford Shale in South Texas.

Emily

Patsy

HartEnergy.com

Tue, 11/12/2019 - 07:45 AM

Kimbell Royalty Partners Tacks On Eagle Ford Core In All-Stock Deal

Kimbell Royalty Partners said the Buckhorn acquisition is expected to add roughly 86,000 gross (400 net) royalty acres producing about 270 boe/d. (Source: Hart Energy/Shutterstock.com)

Kimbell Royalty Partners LP added to its growing mineral and royalty position through an all-equity acquisition on Nov. 12 worth about $31.8 million.

The acquisition, with privately-held Buckhorn Resources LLC and its affiliates, includes certain mineral and royalty assets with an oil-focused production mix and about 90% of the net royalty acres located in the core of the Eagle Ford Shale in La Salle and McMullen counties, Texas.

Kimbell is a publicly-traded company based in Fort Worth, Texas. Since its IPO in 2017, the company has been a major player in the trend in recent years of consolidation within the oil and gas mineral and royalty space, completing over $700 million worth of transactions.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Need more than one account? See Group Subscription options

Texas/La Gulf Coast

Emily Patsy

Emily Patsy is the associate 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.

Responsive device array

Tap into unmatched coverage of the oil and gas industry’s entire landscape.

Already a subscriber? Sign in

Recommended Reading

Parsley To ‘Hit Ground Running’ Following Jagged Peak Deal

The expedited closing of the $2.3 billion all-stock acquisition of Jagged Peak Energy allows Parsley to “hit the ground running on ... capturing tangible synergies,” says CEO Matt Gallagher.

Castleton Resources Scoops Up Shell’s Remaining Haynesville Assets

Castleton Resources, owned by a global energy commodity merchant and Tokyo Gas, has steadily been building a position of gas assets in the Ark-La-Tex region since its formation in 2014.

Gulfport Energy Scores Asset Sales Totaling Over $100 Million

Gulfport Energy, which has faced activist investor pressure this year to improve its stock performance, agreed to divest various noncore assets including water assets across its Scoop position in Oklahoma.