Deal Description: On November 21, 2018, Kimbell Royalty Partners, LP (“Kimbell”), a leading owner of oil and gas mineral and royalty interests across 28 states, announced that it has agreed to acquire oil and gas royalty assets from certain affiliated sellers in a transaction valued at approximately $107.8 million. The purchase price for the acquisition is composed of 6.5 million newly issued units in Kimbell Royalty Operating, LLC, valued at approximately $107.8 million based on a closing price of $16.59 per common unit for Kimbell’s common units as of November 20, 2018. The transaction is expected to close on or around December 20, 2018.
Baker Botts Lawyers/Office Involved:
Corporate: Jason Rocha (Partner, Houston); Joshua Davidson (Partner, Houston); Eileen Boyce (Senior Associate, Houston); Jennifer Gasser (Associate, Houston)
Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); Katie McEvilly (Associate, Houston)
Global Projects: Erin Hopkins (Partner, Houston); Taylor Lopez (Associate, Houston)
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