Kimbell Royalty Partners (KRP) said Friday that it has agreed to acquire certain oil and gas royalty interests from affiliated sellers for $215.4 million in a deal expected to be completed around Aug. 21.
The acquisition includes 2,568 net royalty acres across the Eagle Ford, Permian, Mid-Con and Appalachia basins and is expected to add 2,347 boe/d of third-quarter production, it said.
Kimbell said the deal will be immediately accretive to distributable cash flow per unit and funded with $74.9 million in cash and 9.5 million newly issued operating units.
