Kimbell Royalty Partners closes $230.4M acquisition of Midland Basin mineral and royalty interests

Kimbell Royalty Partners, LP

Acquired mineral and royalty interests in oil and gas properties under Mabee Ranch, Midland Basin, Texas for ~$230.4M cash.
Funded with borrowings under revolving credit facility and net proceeds from prior common units public offering.
Transaction closed on January 17, 2025; no relationship between seller and buyer parties beyond the deal.

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