Kelly Hart recently advised entities controlled by Kimbell Royalty Partners, LP on a definitive agreement for the $143 million (cash and stock) acquisition of mineral and royalty interests held by Corpus Christi-based MB Minerals, L.P.
The mineral and royalty interests to be acquired are located in the Northern Midland Basin area of the Permian Basin, located in west Texas. The acquisition is expected to close in late May 2023, subject to customary closing conditions.
To view the press release in its entirety, click here.
Kimbell Royalty Partners, LP is a leading, publicly traded mineral and royalty company based in Fort Worth, Texas. The company owns mineral and royalty interests in over 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 122,000 gross wells with over 46,000 wells in the Permian Basin.
The Kelly Hart team was led by partner Drew Neal with assistance from partner Drew Neill and associate Mason Smith.