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.