News Releases

Baker Botts Represents Kimbell Royalty Partners, LP in $151.3 million Drop Down of Oil and Gas Royalty Assets


Deal Description: On February 7, 2019, 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 mineral and royalty assets from EnCap Investments L.P. (“EnCap”) in a transaction valued at approximately $151.3 million. The purchase price for the acquisition is composed of 9.4 million newly issued units in Kimbell Royalty Operating, LLC, valued at approximately $151.3 million based on a closing price of $16.10 per common unit for Kimbell’s common units as of February 6, 2019. The transaction is expected to close in late March 2019.

Baker Botts Lawyers/Office Involved:

Corporate: Jason Rocha (Partner, Houston); Joshua Davidson (Partner, Houston); Eileen Boyce (Senior Associate, Houston); Jennifer Gasser (Associate, Houston); Steven Lackey (Associate, Houston)

Global Projects: Erin Hopkins (Partner, Houston); Rachel Briley (Associate, Houston)

Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, 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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