Kimbell Royalty Partners 完成1.459億美元二疊紀盆地礦產權收購

EX-99.1
3
tm2618509d1_ex99-1.htm
EXHIBIT 99.1

 

 

Exhibit 99.1

 

NEWS RELEASE

 

 

Kimbell Royalty Partners Closes $145.9 Million
Permian Basin Mineral and Royalty Acquisition from Mesa Royalties

 

FORT WORTH, Texas, June 22, 2026
 – Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell” or the “Company”), a leading owner of oil and gas
mineral and royalty interests in over 17 million gross acres in 28 states, today announced that it has closed the previously announced
purchase of mineral and royalty interests (the “Acquired Assets”) held by Mesa Royalties (portfolio companies of funds managed
by NGP), in a cash and unit transaction valued at approximately $145.9 million1
(the “Acquisition”). The purchase price for the Acquisition was comprised of $44.0 million in cash (approximately 30% of the
total consideration) and approximately 6.9 million newly issued common units of Kimbell Royalty Operating, LLC (“OpCo”) valued
at $101.9 million. Kimbell is entitled to all cash flow from production attributable to the Acquired Assets since the effective date of
June 1, 2026. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for
the Acquisition beginning on the closing date of June 22, 2026.

 

For the next twelve months, Kimbell estimates
that, as of June 1, 2026, the Acquired Assets will produce approximately 1,390 Boe/d (754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928
Mcf/d of natural gas) (6:1). The Acquired Assets reflect a broad, diversified footprint across 16 Permian counties, with approximately
711 Net Royalty Acres (5,691 NRA normalized to 1/8th) concentrated in the Delaware Basin (70%) and Midland Basin (30%).

 

About Kimbell Royalty Partners

 

Kimbell (NYSE: KRP) is a leading oil and gas mineral
and royalty company based in Fort Worth, Texas. Kimbell owns mineral and royalty interests in over 17 million gross acres in 28 states
and in every major onshore basin in the continental United States, including ownership in more than 135,000 gross wells. To learn more,
visit http://www.kimbellrp.com.

 

 

1
Purchase price reflects Kimbell’s $14.70 per unit closing price as of 6/22/2026.

 

  

  

 

 

Kimbell Royalty Partners, LP –
News Release

Page 2

 

Forward-Looking Statements

 

This news release includes forward-looking
statements. These forward-looking statements, which include statements regarding the anticipated benefits of the Acquisition and operational
data with respect to the Acquisition, involve risks and uncertainties, including risks that the anticipated benefits of the Acquisition
are not realized; risks relating to Kimbell’s integration of the Acquisition assets; and risks relating to Kimbell’s business,
prospects for growth and acquisitions and the securities markets generally. Except as required by law, Kimbell undertakes no obligation
and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. When
considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Kimbell’s
filings with the Securities and Exchange Commission (“SEC”). These include risks inherent in oil and natural gas drilling
and production activities, including risks with respect to low or declining prices for oil and natural gas that could result in downward
revisions to the value of proved reserves or otherwise cause operators to delay or suspend planned drilling and completion operations
or reduce production levels, which would adversely impact cash flow; risks relating to the impairment of oil and natural gas properties;
risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results,
production declines and declines in oil and natural gas prices; risks relating to Kimbell’s ability to meet financial covenants
under its credit agreement or its ability to obtain amendments or waivers to effect such compliance; risks relating to Kimbell’s
hedging activities; risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental
hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production
or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks
relating to delays in receipt of drilling permits; risks relating to unexpected adverse developments in the status of properties; risks
relating to borrowing base redeterminations by Kimbell’s lenders; risks relating to the absence or delay in receipt of government
approvals or third-party consents; risks relating to acquisitions, dispositions and drop downs of assets; risks relating to Kimbell’s
ability to realize the anticipated benefits from and to integrate acquired assets, including the assets acquired in the Acquisition; and
other risks described in Kimbell’s Annual Report on Form 10-K and other filings with the SEC, available at the SEC’s
website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the
date of this news release.

 

Contact:

 

Rick Black
Dennard Lascar Investor Relations
[email protected]
(713) 529-6600