Kimbell Royalty Partners, LP Closes Mineral and Royalty Acquisition from Buckhorn Resources

FORT WORTH, Texas, Dec. 12, 2019 /PRNewswire/ — Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell”) today announced that it has closed the previously announced purchase of certain oil and natural gas mineral and royalty assets from Buckhorn Resources GP, LLC and certain of its affiliates (collectively, “Buckhorn Resources”) for 2,169,348 newly issued units in Kimbell Royalty Operating, LLC valued at approximately $36.3 million (the “Acquisition”). Kimbell is entitled to the cash flow from production attributable to the Acquisition beginning on and after July 1, 2019, but only cash flow from production attributable to the Acquisition beginning on or after October 1, 2019 will be available for distribution to Kimbell’s unitholders. Revenues and certain other operating statistics under generally accepted accounting principles will be recorded for the Acquisition beginning on the closing date of December 12, 2019.