Kimbell Royalty Partners to acquire Permian Basin assets from Mesa for $147M

Kimbell Royalty Partners, LP

Total consideration of ~$147M: $44M cash plus ~6.9M newly issued OpCo units valued at $103M.
Acquired assets include ~711 net royalty acres across 15 Permian counties; 70% Delaware Basin, 30% Midland Basin.
Estimated proved reserves of 7.67 MMBoe; expected production of 1,390 Boe/d (754 Bbl/d oil) for next twelve months.
Transaction expected to be immediately accretive to distributable cash flow per unit; closing targeted in Q2 2026.
Portfolio includes over 2,300 gross producing wells, 13 active rigs, 364 DUCs, and 600+ undeveloped locations.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kimbell Royalty Partners, LP entered into Purchase and Sale Agreement with Mesa Visa Royalties, LLC, Mesa Royalties III Holdings, LLC, Mesa Land Company, LLC valued at approximately $44 million in cash (effective 2026-05-18).

Action: entry
Agreement: asset purchase
Counterparty: Mesa Visa Royalties, LLC, Mesa Royalties III Holdings, LLC, Mesa Land Company, LLC
Value: approximately $44 million in cash
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Kimbell Royalty Partners, LP, a Delaware limited partnership (“Kimbell”), and Kimbell Royalty Operating, LLC, a Delaware limited liability company (“OpCo” and, together with Kimbell, the “Buyer Parties”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Mesa Visa Royalties, LLC, a Delaware limited liability company, (“Mesa Royalties”), Mesa Royalties III Holdings, LLC, a Delaware limited liability company (“Mesa Holdings”), Mesa Land Company, LLC, a Delaware limited liability company (“Mesa Land”, and, together with Mesa Royalties and Mesa Holdings, collectively “Sellers”) to acquire certain rights, title and interests in and to certain mineral interests

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Kimbell Royalty Partners, LP filing history →

Source: SEC EDGAR

accession 0001104659-26-063578

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