Kimbell Royalty Partners Buying Midland Basin Assets for $231M

Dow Jones

2025/01/08

By Paul Ziobro

Kimbell Royalty Partners has agreed to buy mineral and royalty assets in the Midland Basin from a private seller for $231 million.

The oil and natural gas mineral and royalty interests are located under the Mabee Ranch in the core of the Midland Basin in western Texas, with about 875 gross producing wells on over 68,000 gross acres.

Kimbell, which owns energy interests in 28 states, has the option to pay for the deal entirely in cash or through a combination of $207 million in cash and about 1.4 million common units of the partnership.

The board of Kimbell's general partner and the governing body of the seller have both approved the deal, which is expected to close in the first quarter.

Kimbell Chief Executive Bob Ravnaas said the deal will be immediately accretive to distributable cash flow per unit.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

January 07, 2025 16:26 ET (21:26 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2501538758"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2501538758\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2501538758?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-08 05:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501538758","market":"fut","top_or_hot":-1,"title":"Kimbell Royalty Partners Buying Midland Basin Assets for $231M","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Paul Ziobro \n</p>\n<pre>\n \n</pre>\n<p>\n  Kimbell Royalty Partners has agreed to buy mineral and royalty assets in the Midland Basin from a private seller for $231 million. \n</p>\n<p>\n  The oil and natural gas mineral and royalty interests are located under the Mabee Ranch in the core of the Midland Basin in western Texas, with about 875 gross producing wells on over 68,000 gross acres. \n</p>\n<p>\n  Kimbell, which owns energy interests in 28 states, has the option to pay for the deal entirely in cash or through a combination of $207 million in cash and about 1.4 million common units of the partnership. \n</p>\n<p>\n  The board of Kimbell's general partner and the governing body of the seller have both approved the deal, which is expected to close in the first quarter. \n</p>\n<p>\n  Kimbell Chief Executive Bob Ravnaas said the deal will be immediately accretive to distributable cash flow per unit. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 16:26 ET (21:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kimbell Royalty Partners Buying Midland Basin Assets for $231M</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKimbell Royalty Partners Buying Midland Basin Assets for $231M\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-08 05:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Paul Ziobro \n</p>\n<pre>\n \n</pre>\n<p>\n  Kimbell Royalty Partners has agreed to buy mineral and royalty assets in the Midland Basin from a private seller for $231 million. \n</p>\n<p>\n  The oil and natural gas mineral and royalty interests are located under the Mabee Ranch in the core of the Midland Basin in western Texas, with about 875 gross producing wells on over 68,000 gross acres. \n</p>\n<p>\n  Kimbell, which owns energy interests in 28 states, has the option to pay for the deal entirely in cash or through a combination of $207 million in cash and about 1.4 million common units of the partnership. \n</p>\n<p>\n  The board of Kimbell's general partner and the governing body of the seller have both approved the deal, which is expected to close in the first quarter. \n</p>\n<p>\n  Kimbell Chief Executive Bob Ravnaas said the deal will be immediately accretive to distributable cash flow per unit. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 16:26 ET (21:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501538758","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501538758","pubTimestamp":1736285160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Kimbell Royalty Partners has agreed to buy mineral and royalty assets in the Midland Basin from a private seller for $231 million.The oil and natural gas mineral and royalty interests are located under the Mabee Ranch in the core of the Midland Basin in western Texas, with about 875 gross producing wells on over 68,000 gross acres.Kimbell, which owns energy interests in 28 states, has the option to pay for the deal entirely in cash or through a combination of $207 million in cash and about 1.4 million common units of the partnership.The board of Kimbell's general partner and the governing body of the seller have both approved the deal, which is expected to close in the first quarter.Kimbell Chief Executive Bob Ravnaas said the deal will be immediately accretive to distributable cash flow per unit.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","KRP":"Kimbell Royalty Partners LP"},"translate_title":"Kimbell Royal Partners以2.31亿美元收购米德兰盆地资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KRP":0.9},"content_text":"By Paul Ziobro \n\n\n \n\n\n  Kimbell Royalty Partners has agreed to buy mineral and royalty assets in the Midland Basin from a private seller for $231 million. \n\n\n  The oil and natural gas mineral and royalty interests are located under the Mabee Ranch in the core of the Midland Basin in western Texas, with about 875 gross producing wells on over 68,000 gross acres. \n\n\n  Kimbell, which owns energy interests in 28 states, has the option to pay for the deal entirely in cash or through a combination of $207 million in cash and about 1.4 million common units of the partnership. \n\n\n  The board of Kimbell's general partner and the governing body of the seller have both approved the deal, which is expected to close in the first quarter. \n\n\n  Kimbell Chief Executive Bob Ravnaas said the deal will be immediately accretive to distributable cash flow per unit. \n\n\n \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2025 16:26 ET (21:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}