Kimbell Royalty Partners, LP, an oil and gas mineral and royalty company based in Fort Worth, Texas, United States, has closed its previously announced drop-down purchase of mineral and royalty interests from certain affiliated sellers in a cash and unit transaction valued at approximately $221.2 million.
The purchase price consisted of $74.9 million in cash, about 34% of total consideration, and 9.5 million common units of Kimbell Royalty Operating, LLC (OpCo) valued at approximately $146.3 million. Kimbell is entitled to all cash flow from production attributable to the acquired assets since the effective date of June 1, 2026. Revenue and certain other operating statistics under generally accepted accounting principles will be recorded beginning on the closing date of Aug. 21, 2026.
Production and acreage#
As of June 1, 2026, Kimbell estimates the acquired assets produce approximately 2,347 barrels of oil equivalent per day (Boe/d), with the following components on a 6:1 basis:
- Oil: 841 barrels per day (Bbl/d)
- Natural gas liquids (NGLs): 569 Bbl/d
- Natural gas: 5,624 thousand cubic feet per day (Mcf/d)
The acquired portfolio spans more than 3 million gross acres with over 29,000 gross producing wells in the Eagle Ford, Permian, Mid-Con and Appalachia regions.
Company position#
Kimbell, traded on the New York Stock Exchange (NYSE) under the ticker KRP, owns mineral and royalty interests in over 17 million gross acres across 28 states and in every major onshore basin in the continental United States, including more than 137,000 gross wells.
The purchase price reflects Kimbell’s $15.40 per unit closing price as of Aug. 21, 2026.
The company stated that the announcement contains forward-looking statements, including statements about anticipated benefits and operational data, which are subject to risks and uncertainties described in its filings with the U.S. Securities and Exchange Commission (SEC).
