Fort Worth-based Kimbell Royalty Partners said recently it will acquire mineral and royalty interests in Permian Basin from Mesa Royalties in a cash and unit transaction valued at $147 million ($44 million cash). Kimbell said May 19 that as of June 1, 2026, the acquired assets are expected to produce 1,390 boed for the next 12 months.
The assets include more than 2,300 gross producing wells and more than 600 undeveloped locations across 711 net royalty acres – 70 percent in Delaware Basin, 30 percent in Midland Basin. There were 364 DUC wells and permits and 13 active drilling rigs as of May 1. Operators include ConocoPhillips, Apache, Occidental and Permian Resources. Closing is expected in second quarter.