Kimbell Royalty Partners Sees Higher Q3, Q4 Production

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Kimbell Royalty Partners (KRP) expects Q3 production of 26.5 million to 29.5 million barrels of oil equivalent per day and Q4 production of 27.7 million to 30.7 million boe/d, with midpoints up 10% and 15%, respectively, from prior guidance, the company said Monday.

The company plans to distribute 75% of projected cash available for distribution and use the remaining 25% to repay borrowings under its secured revolving credit facility, it added.

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