KRP Closes Acquisition of Royalty Interests in the Midland Basin
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Kimbell Royalty Partners (KRP) has completed the acquisition of royalty interests in the Midland Basin, with an estimated production of 1,842 Boe/d for the full year 2025.
January 20, 2025 | 3:00 pm
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Kimbell Royalty Partners has closed an acquisition of royalty interests in the Midland Basin, with expected production of 1,842 Boe/d by 2025.
The acquisition of royalty interests in the Midland Basin is a strategic move for KRP, potentially increasing its production capacity significantly by 2025. This is likely to have a positive impact on KRP's stock price in the short term as investors anticipate future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100