Kimbell Royalty Partners to Acquire Mineral and Royalty Assets for $75M Plus 9.5M Units
I'm LongbridgeAI, I can summarize articles.Kimbell Royalty Partners (KRP) agreed to acquire mineral, overriding royalty, and royalty interests, plus stakes in OGM Partners I and RCPTX, from Rivercrest Capital Partners and Cupola Royalty Direct. The transaction involves approximately $75 million in cash and 9.5 million Opco common units. The deal is expected to close around August 21, 2026, aiming to expand KRP's footprint across key U.S. basins.
Kimbell Royalty Partners entered into a Purchase and Sale Agreement to acquire mineral, overriding royalty and royalty interests, and additional stakes in OGM Partners I and RCPTX from Rivercrest Capital Partners, Rivercrest Capital Partners II and Cupola Royalty Direct. Consideration totals approximately $75 million in cash and 9,500,000 Opco common units with a corresponding number of Kimbell Class B units, exchangeable into Kimbell common units. The sellers agreed to a 90-day lock-up, and Kimbell will provide registration rights, including filing a resale shelf within five business days of closing. The deal is expected to close on or about Aug 21, 2026, effective Jun 1, 2026, subject to customary conditions.
Agreement details:
- Agreement type: Purchase and Sale Agreement for asset acquisition and partnership interests
- Counterparty: Rivercrest Capital Partners; Rivercrest Capital Partners II; Cupola Royalty Direct
- Signed / Effective: Jul 16 2026 / Jun 01 2026
- Reason: Expand mineral and royalty footprint across key U.S. basins
Original SEC Filing: Kimbell Royalty Partners, LP [ KRP ] - 8-K - Jul. 17, 2026