The transaction consists of $44 million in cash and approximately 6.9 million newly issued common units of Kimbell Royalty Operating, LLC, valued at $101.9 million. Kimbell gains immediate access to cash flow from the assets, which became effective June 1, 2026. The company expects these assets to generate approximately 1,390 barrels of oil equivalent per day over the next year.

The acquired portfolio spans 16 counties in the Permian Basin, with 70% of the interest concentrated in the Delaware Basin and the remaining 30% in the Midland Basin. This acquisition adds 711 net royalty acres to Kimbell's existing holdings. Based in Fort Worth, Kimbell now holds interests in more than 17 million gross acres across 28 states, cementing its reach across every major onshore basin in the continental United States.