Kimbell Royalty Partners (KRP) Acquires $147M in Mineral Interests, Boosting Production
Kimbell Royalty Partners LP (NYSE: KRP) has acquired mineral and royalty interests from Mesa Royalties for approximately $147 million. The deal is expected to add around 1,390 barrels of oil equivalent per day over the next twelve months and increase its proved reserves by about 7.67 million barrels. RBC Capital initiated coverage with an Outperform rating and a $20 price target.
Tickers: $KRP