Kimbell Royalty Partners Closes $145.9 Million Permian Basin Mineral and Royalty Acquisition from Mesa Royalties
PR Newswire
FORT WORTH, Texas, June 22, 2026
FORT WORTH, Texas, June 22, 2026 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has closed the previously announced purchase of mineral and royalty interests (the "Acquired Assets") held by Mesa Royalties (portfolio companies of funds managed by NGP), in a cash and unit transaction valued at approximately $145.9 million1 (the "Acquisition"). The purchase price for the Acquisition was comprised of $44.0 million in cash (approximately 30% of the total consideration) and approximately 6.9 million newly issued common units of Kimbell Royalty Operating, LLC ("OpCo") valued at $101.9 million. Kimbell is entitled to all cash flow from production attributable to the Acquired Assets since the effective date of June 1, 2026. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for the Acquisition beginning on the closing date of June 22, 2026.
