secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001104659-23-062096
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell closes $141M Midland Basin acquisition, boosts 2023 production guidance
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923062096/0001104659-23-062096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465923062096/tm2316027d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-062096

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