Divestiture/carve-outMay 19, 2026Completed
🇺🇸 United States
MRMesa RoyaltiesKRKimbell Royalty Partners, LP
Energy › Oil & Gas Production
Enterprise value$147MEnterprise value
AnnouncedMay 19, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Kimbell Royalty Partners agreed to acquire Permian Basin mineral and royalty interests from Mesa Royalties (NGP-managed portfolio companies) for approximately $147.0 million, paid with $44.0 million in cash and about 6.9 million newly issued OpCo common units valued at $103.0 million.
Deal rationale
The acquisition is expected to be immediately accretive to distributable cash flow per unit and adds high-quality, oil-weighted Permian acreage with substantial near-term development.
AI-generated from the SEC filingCompletedEnergy › Oil & Gas ProductionUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $147M | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
MMizuho (Greenhill)
Sell-side
MMoelis & Company
Parties
Target
MRMesa Royalties
- Headquarters
- United States
- Ticker
- —
Seller
NNGP (funds managed by NGP)
- Headquarters
- —
- Ticker
- —