Brief: Kimbell Royalty Partners Announces $143.1 Million Midland Basin Mineral And Royalty Acquisition

Kimbell Royalty Partners, LP

12/04/2023 13:55

April 12 (Reuters) - Kimbell Royalty Partners LP
 KRP.N :
    * KIMBELL ROYALTY PARTNERS, LP ANNOUNCES $143.1 MILLION
MIDLAND
BASIN MINERAL AND ROYALTY ACQUISITION
    * KIMBELL ROYALTY PARTNERS LP - ACQUISITION EXPECTED TO BE
IMMEDIATELY ACCRETIVE TO DISTRIBUTABLE CASH FLOW PER UNIT
    * KIMBELL ROYALTY PARTNERS LP - ACQUISITION EXPECTED TO ADD
ABOUT
1,901 BOE (6:1) PER DAY IN NEXT 12 MONTHS RUN-RATE AVERAGE DAILY
PRODUCTION
    * KIMBELL ROYALTY PARTNERS LP - FOLLOWING TRANSACTION,
KIMBELL
EXPECTS TO MAINTAIN A FIVE-YEAR PDP DECLINE RATE OF
APPROXIMATELY 13%
    * KIMBELL ROYALTY PARTNERS LP - AGREED TO ACQUIRE MINERAL
AND
ROYALTY INTERESTS FROM MB MINERALS
    * KIMBELL ROYALTY PARTNERS - POST DEAL, EXPECTS NET WELLS
NEEDED
MAINTAIN FLAT PRODUCTION TO MODESTLY INCREASE FROM 4.5 NET WELLS
TO 4.9 NET WELLS
    * KIMBELL ROYALTY PARTNERS - DEAL EXPECTED TO INCREASE
RUN-RATE
AVERAGE DAILY PRODUCTION TO OVER 19,000 BOE/D (6:1) & TO
DECREASE CASH G&A PER BOE BY 11%

Source text for Eikon:  ID:nPn5GKT6pa 
Further company coverage:  KRP.N 

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