The transaction, scheduled to close around August 21, 2026, involves a mix of $74.9 million in cash and 9.5 million newly issued common units of Kimbell Royalty Operating, LLC. This acquisition adds roughly 2,568 net royalty acres to the firm's existing footprint, which already spans 17 million gross acres across the United States. Bob Ravnaas, Chairman and CEO of the company’s general partner, noted that the deal is expected to be immediately accretive to distributable cash flow per unit.

Operational data for the third quarter of 2026 projects an average daily production of 2,347 barrels of oil equivalent from the new assets. The portfolio includes 177 drilled but uncompleted wells and permits, supported by nine active rigs as of the end of the first quarter. The acquisition received approval from the Conflicts Committee and the Board of Directors on July 16, 2026, with Evercore serving as the financial advisor to the committee.