UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On January 17, 2025, Kimbell Royalty Partners, LP, a Delaware limited partnership (“Kimbell”) and Kimbell Royalty Operating, LLC, a Delaware limited liability company (“Opco” and, together with Kimbell, the “Buyer Parties”), completed the previously announced acquisition (the “Acquisition”) of mineral and royalty interests pursuant to a purchase and sale agreement (the “Purchase Agreement”), dated January 7, 2025, by and among the Buyer Parties and Boren Minerals, a Saskatchewan partnership (the “Seller”). Pursuant to the terms of the Purchase Agreement, the Buyer Parties acquired certain mineral and royalty interests in oil and gas properties located under the Mabee Ranch in the Midland Basin in Texas. The purchase price for the Acquisition was approximately $230.4 million in cash, subject to purchase price adjustments and other customary closing adjustments. Kimbell funded the consideration with borrowings under its revolving credit facility and net proceeds from the previously announced public offering of common units. Other than in respect of the Acquisition, there is no relationship between the Seller and the Buyer Parties or any of the Buyer Parties’ affiliates, directors or officers or any associate of their directors or officers.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KIMBELL ROYALTY PARTNERS, LP | ||
| By: | Kimbell Royalty GP, LLC, | |
| its general partner | ||
| By: | /s/ Matthew S. Daly | |
| Matthew S. Daly | ||
| Chief Operating Officer | ||
Date: January 21, 2025