News Releases

Baker Botts Represents Kimbell Royalty Partners, LP in $404 Million Acquisitions of Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP

Deal Description: On May 29, 2018, Kimbell Royalty Partners, LP, a leading owner of oil and gas mineral and royalty interests across 20 states, today announced that it has agreed to acquire the mineral and royalty interests held by Houston-based Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP in a transaction valued at approximately $404 million. The purchase price for the acquisition is comprised of $210 million in cash and 10 million common units of Kimbell, valued at approximately $194 million. Kimbell will raise the cash portion of the purchase price through a private placement of 7.00% Series A Cumulative Convertible Prefered Units for gross process of $110 million and through borrowings of $114 million under a new $200 million revolving credit facility. In addition, Kimbell announced a proposed election to change its tax status from a pass-through partnership to a taxable entity.

Baker Botts represented Kimbell Royalty Partners, LP in this transaction.
Baker Botts Lawyers/Office Involved: 
Jason Rocha (Houston, Partner); Clint Rancher (Houston, Partner); Rachael Lichman (Houston, Partner); Joshua Davidson (Houston, Partner); Mike Bresson (Houston Partner); Eileen Boyce (Senior Associate Houston); Laura Katherine Mann (Senior Associate, Houston); Chad Davis (Associate, Houston); Jennifer Gasser (Associate Houston); Kate McEvilly (Associate, Houston); Sunil Jamal (Associate, Houston); Steven Lackey (Associate, Houston). 

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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