Kimbell Royalty Partners purchases interests in Permian, Eagle Ford, 2 others

Fort Worth-based Kimbell Royalty Partners recently said it purchased certain oil and gas royalty interests from affiliated sellers for $215.4 million ($74.9 million cash).  The transaction includes 2,568 net royalty acres in premier areas of Permian Basin, Eagle Ford, Mid-Con and Appalachia.  Production in 3Q is expected to average 2,347 boed.

Bob Ravnaas, chairman and CEO, said July 17 the transaction “strengthens our existing multi-basin mineral footprint and provides an attractive blend of current production, expected baseline growth from near-term activity, and more than a decade of future development inventory.”