Kimbell Royalty Partners closes acquisition of assets in Delaware, Midland basins

Fort Worth-based Kimbell Royalty Partners closed the previously announced purchase of mineral and royalty interests held by Mesa Royalties across 16 counties in the Permian Basin for $145.9 million ($44 million cash).  Kimbell estimates that for the next 12 months as of June 1 the assets will produce about 1,390 boed (including 754 b/d of oil).  The assets include about 711 net royalty acres in Delaware Basin (70 percent) and Midland Basin (30 percent).  The proposed sale was announced May 19.