Deal includes $74.9M in cash and 9.5M newly issued common units for 2,568 net royalty acres.
Kimbell Royalty Partners agreed to purchase oil and gas royalty interests from affiliated sellers for approximately $215.4M. The transaction consists of $74.9M in cash and 9.5M newly issued common units of Kimbell Royalty Operating.
The acquired assets cover 2,568 net royalty acres, expanding Kimbell’s portfolio. The deal follows recent industry consolidation trends, with energy firms seeking to bolster reserves amid stable commodity prices.
No immediate market reaction was disclosed in the announcement.