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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.

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Kimbell Royalty Partners completes purchase in Permian Basin

December 29, 2022 by PBOG

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.

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February 2023

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