Kimbell Royalty Partners entered into a Purchase and Sale Agreement to acquire mineral, overriding royalty and royalty interests, and additional stakes in OGM Partners I and RCPTX from Rivercrest Capital Partners, Rivercrest Capital Partners II and Cupola Royalty Direct. Consideration totals approximately $75 million in cash and 9,500,000 Opco common units with a corresponding number of Kimbell Class B units, exchangeable into Kimbell common units. The sellers agreed to a 90-day lock-up, and Kimbell will provide registration rights, including filing a resale shelf within five business days of closing. The deal is expected to close on or about Aug 21, 2026, effective Jun 1, 2026, subject to customary conditions.
Agreement details:
- Agreement type: Purchase and Sale Agreement for asset acquisition and partnership interests
- Counterparty: Rivercrest Capital Partners; Rivercrest Capital Partners II; Cupola Royalty Direct
- Signed / Effective: Jul 16 2026 / Jun 01 2026
- Reason: Expand mineral and royalty footprint across key U.S. basins
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.