Kimbell Royalty Partners has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $325,000,000.00 in Post-IPO Equity.
According to filings with the U.S. Securities and Exchange Commission, Kimbell Royalty Partners is raising $325,000,000.00 in new funding. About Kimbell Royalty Partners: Kimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. The company serves as the general partner of the company. Kimbell Royalty Partners, LP was incorporated in 2015 and is based in Fort Worth, Texas. Founded on ethics and investment discipline, we’ve grown from a single investment in the Permian Basin to one of the largest owners of minerals and royalties nationwide. Our portfolio includes over 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 125,000 gross wells with over 48,000 wells in the Permian Basin. We became a publicly-traded company in February 2017, trading on the NYSE under the ticker symbol KRP. We converted to a C-Corp for federal income tax purposes in September 2018. Thus, investors in our common units will receive a 1099-DIV rather than a K-1. Premier owner of pure mineral and royalty interests across the leading basins in the United States We offer our investors a compelling risk-adjusted cash yield through direct mineral ownership in over 16 million gross acres with more than 125,000 wells, without any associated operating costs or capital expenditures Kimbell benefits from continued development of our acreage by leading operators, at no cost to us, and continued technological advances that are driving the U.S. energy renaissance. Kimbell has elected to be taxed as a corporation for federal income tax purposes. Kimbell is neither a traditional Master. Limited Partnership nor a Royalty Trust. Our investors receive tax advantaged distributions via 1099-DIV without a K-1
To learn more about Kimbell Royalty Partners, visit http://kimbellrp.com/
Contact:
Robert Ravnaas, Chief Executive Officer
817-945-9700
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