Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction(1)
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Kimbell Royalty Partners, LP announced a $231 million acquisition of oil and natural gas royalty interests in the Midland Basin. The acquisition is expected to be immediately accretive to distributable cash flow per unit and will increase Kimbell's production and inventory. The transaction involves a mix of cash and common units.
January 07, 2025 | 9:15 pm
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Kimbell Royalty Partners is acquiring $231 million in oil and gas royalty interests in the Midland Basin, expected to boost cash flow and production. The transaction is a mix of cash and common units.
The acquisition is expected to be immediately accretive to Kimbell's cash flow and will increase production by 8%. The transaction is strategically significant, enhancing Kimbell's position in the Permian Basin and maintaining a conservative balance sheet.
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