Kimbell Royalty Partners closes USD 221.2 million drop-down mineral, royalty acquisition - KRP News | RalliesKimbell Royalty Partners closes USD 221.2 million drop-down mineral, royalty acquisition
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KRP• Kimbell closes mineral and royalty acquisition
- Kimbell Royalty Partners closed a $221.2 million acquisition of mineral and royalty interests from affiliated sellers in cash and units.
- Consideration included $74.9 million cash, representing about 34% of total value.
- The deal also issued 9,500,000 common units of Kimbell Royalty Operating valued at $146.3 million.
- The assets produced about 2,347 boe/d as of June 1, 2026, spanning more than 3 million gross acres.
- Cash flow accrues to Kimbell from June 1, 2026, with GAAP revenue recognition starting Aug. 21, 2026.
