Kimbell Royalty Partners, a publicly-traded mineral and royalty interest holder, has completed its acquisition of assets from Mesa Royalties for $145.9 million.
The purchase price was comprised of $44.0 million in cash and approximately 6.9 million newly-issued common units of Kimbell Royalty Operating valued at $101.9 million. The deal centers on Permian Basin mineral and royalty interests and expands Kimbell's upstream portfolio in one of North America's most prolific oil-producing regions. It adds acreage to Kimbell's existing footprint across the Permian.
As a master limited partnership trading on the New York Stock Exchange under ticker KRP, Kimbell maintains mineral rights and royalty stakes spanning more than 17 million gross acres across 28 states, with significant concentration in unconventional shale plays.