secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001104659-22-127431
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Partners closes $271M acquisition of Permian Basin mineral & royalty interests from Hatch Royalty
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- Total consideration ~$270.7M: $150.4M cash + ~7.3M Opco units valued at $120.3M.
- Acquired assets produced ~2,072 Boe/d (1,198 Bbl oil, 372 Bbl NGLs, 3,012 Mcf gas) as of Oct 1, 2022.
- Estimated 2023 production from acquired assets: ~2,522 Boe/d. Assets primarily in Permian Basin (82% Texas Delaware).
- Credit facility borrowing base increased from $300M to $350M via Amendment No. 4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922127431/0001104659-22-127431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922127431/tm2232771d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-127431

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer