Kimbell Royalty Partners To Buy Midland Basin Assets For $231 Mln

(RTTNews) - Kimbell Royalty Partners, LP (KRP) Tuesday said it has agreed to acquire mineral and royalty interests held by a private seller in a cash and unit transaction valued at about $231 million.

Under the purchase agreement, Kimbell has the option to pay the consideration entirely in cash or through a combination of $207 million in cash and approximately 1.4 million common units of Kimbell Royalty Partners, LP, which are valued at $24 million.

For the full year 2025, Kimbell estimates that the acquired assets will produce approximately 1,842 Boe/d (1,104 Bbl/d of oil, 424 Bbl/d of NGLs, and 1,881 Mcf/d of natural gas).