Kimbell Royalty Partners said Friday it will acquire oil and gas royalty interests from affiliated sellers for approximately $215.4 million [1].
The acquisition allows the company to expand its portfolio and increase its exposure to key production areas, including the Permian Basin [2]. By absorbing these interests, Kimbell aims to strengthen its position as a major holder of mineral rights in the U.S. energy sector [3].
The total purchase price of $215.4 million [1] consists of a combination of liquid capital and equity. Specifically, the deal includes a cash component of $74.9 million [1]. To cover the remainder of the transaction, the company will issue 9.5 million newly created common units [1].
This transaction adds to a substantial existing footprint. Kimbell Royalty Partners currently holds assets across 28 states [3]. These holdings encompass more than 17 million gross acres [3], a scale that positions the firm as a significant player in the domestic royalty market.
While some reports rounded the transaction value to $215 million [2], the specific figure cited in primary financial disclosures is $215.4 million [1]. The deal is structured to integrate assets from affiliated sellers, streamlining the ownership of these royalty interests under the KRP corporate umbrella [2].
“Kimbell Royalty Partners said Friday it will acquire oil and gas royalty interests from affiliated sellers for approximately $215.4 million”
This acquisition reflects a strategic consolidation of assets. By using a mix of cash and equity to acquire affiliated interests, Kimbell is expanding its resource base without depleting its cash reserves entirely. The focus on the Permian Basin suggests the company is betting on continued high production levels in one of the most prolific oil-producing regions in the world.
