Kimbell Kicks Off New Year With $175 Million Springbok Acquisition

Transaction Type
Multiple; Permian Basin; Delaware Basin; Eagle Ford Shale; Bakken; Haynesville; Stack Play; D-J Basin
Announce Date
Post Date
Close Date
Estimated Price

Acquired the mineral and royalty interests held by NGP-backed Springbok and its affiliates, adding interests in the Permian's Delaware Basin, Eagle Ford Shale, Bakken, Haynesville, Stack Play and D-J Basin; consideration comprised of $95 MM cash and Kimbell stock. 

Editor's note: Estimated price decreased by about $51.9 million at closing.