Fort Worth-based Kimbell Royalty Partners said Dec. 15 it completed the purchase of 889 net royalty acres in Permian Basin that produce 2,072 boed (58 percent oil) from Austin-based Hatch Royalty for $270.7 million in cash and stock ($150.4 million cash). Kimbell said 2023 production is forecast at 2,522 boed, including 1,439 b/d of oil, in Delaware (90 percent) and Midland basins.
Permian Basin Oil and Gas Magazine
PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.