Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Springbok
Kimbell Royalty Partners Common Units Representing Limited Partner Interests (KRP)
Last kimbell royalty partners common units representing limited partner interests earnings: 2/27 07:00 am
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kimbellrp.com
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Source: PR Newswire
FORT WORTH, Texas, April 20, 2020 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has closed the previously announced purchase of the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, together with SEP I, "Springbok") for a purchase price of approximately $123.1 million (the "Acquisition") funded by a combination of approximately $95 million in cash and approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC. Kimbell is entitled to the cash flow from production attributable to the Acquisition beginning on and after October 1, 2019. Revenues and certain other operating statistics under generally accepted accounting principles ("GAAP") will be recorded for the Acquisition beginning on the closing date of April 17, 2020. As of March 31, 2020, the acreage acquired in the Acquisi
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- 11/8/24 - Form 10-Q
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- KRP's page on the SEC website