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.

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