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

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

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Kimbell Royalty Partners, LP (KRP) announced on Tuesday its agreement to purchase mineral and royalty interests from a private seller in a transaction valued at approximately $231 million. Under the terms of the purchase agreement, Kimbell can choose to complete the transaction entirely in cash or through a combination of $207 million in cash and around 1.4 million common units of Kimbell Royalty Partners, LP, valued at $24 million.

Kimbell anticipates that for the entire year of 2025, the acquired assets will yield approximately 1,842 barrels of oil equivalent per day (Boe/d), comprising 1,104 barrels per day (Bbl/d) of oil, 424 Bbl/d of natural gas liquids (NGLs), and 1,881 thousand cubic feet per day (Mcf/d) of natural gas.

The material has been provided by InstaForex Company - www.instaforex.com
 
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