secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001104659-22-114419
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Partners acquires Permian Basin assets from Hatch for $290M in cash and units
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- Total consideration ~$290M: $150M cash + 7.27M OpCo common units valued at $140M (based on KRP closing price $19.26).
- Acquired assets: ~889 NRA on 230k gross acres, current production ~2,072 Boe/d (58% oil), est. 2023 production ~2,522 Boe/d.
- Estimated proved reserves of 14.7 MMBoe; expected to increase oil weighting from 25% to 29% of daily mix.
- Transaction expected to be immediately accretive to distributable cash flow per unit; cash G&A per Boe expected to decrease 12%.
- Expected close Q4 2022 subject to customary conditions; financing includes potential public equity offering with $76.9M minimum net proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922114419/0001104659-22-114419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922114419/tm2229618d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114419

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