---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062096"
form_type: "8-K"
ticker: "KRP"
cik: "0001657788"
company_name: "Kimbell Royalty Partners, LP"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:18:01.758366+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kimbell closes $141M Midland Basin acquisition, boosts 2023 production guidance

## Summary
- Closed acquisition of mineral & royalty interests from MB Minerals for ~$140.8M ($48.8M cash + ~5.4M Opco units + ~0.6M KRP units).
- Estimated acquired assets produce ~1,901 Boe/d (1,459 bbl/d oil) concentrated in Howard & Borden counties, Texas.
- Updated 2023 guidance: Q2 net production 17.5-19.3 Mboe/d, Q3-Q4 18.1-19.9 Mboe/d, up 7% and 10% at midpoint vs prior guidance.
- Oil production mix expected to increase; Permian leading in revenue, production, DUCs, permits, PUDs.
- Cash G&A per Boe reduced to $2.85-$3.05 (Q2) and $2.80-$3.00 (Q3-Q4); payout ratio maintained at 75%.

## SEC filing metadata
- accession: 0001104659-23-062096
- form_type: 8-K
- ticker: KRP
- cik: 0001657788
- company_name: Kimbell Royalty Partners, LP
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657788/000110465923062096/0001104659-23-062096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657788/000110465923062096/tm2316027d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062096
- JSON: https://secwatch.observer/filing/0001104659-23-062096.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.