Divestiture • Oil/Gas Exploration

Kimbell Royalty Partners Acquires Buckhorn Resources GP - Oil & Natural Gas Mineral and Royalty Assets

On December 12, 2019, Kimbell Royalty Partners acquired oil/gas exploration company Buckhorn Resources GP - Oil & Natural Gas Mineral and Royalty Assets from Buckhorn Resources GP for 36M USD

Acquisition Context
  • This is Kimbell Royalty Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Kimbell Royalty Partners’ 2nd largest (disclosed) transaction.
  • This is Kimbell Royalty Partners’ 1st transaction in the United States.
  • This is Kimbell Royalty Partners’ 1st transaction in Texas.

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M&A Deal Summary

Date December 12, 2019
Target Buckhorn Resources GP - Oil & Natural Gas Mineral and Royalty Assets
Sector Oil/Gas Exploration
Buyer(s) Kimbell Royalty Partners
Sellers(s) Buckhorn Resources GP
Deal Type Divestiture
Deal Value 36M USD

Target Company

Buckhorn Resources GP - Oil & Natural Gas Mineral and Royalty Assets

Houston, Texas, United States
Buckhorn Resources' Oil & Natural Gas Mineral and Royalty Assets provide a package of royalty interests located in the Eagle Ford Shale with two rigs actively drilling on the acreage.
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Buyer Overview 1

Buyer

Kimbell Royalty Partners

Fort Worth, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
Revenue 311M USD (2024)
DESCRIPTION

Kimbell Royalty Partners is an oil and gas mineral and royalty company. Kimbell owns mineral and royalty interests in approximately 13 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 94,000 gross producing wells with over 40,000 wells in the Permian Basin. Kimbell Royalty Partners was founded in 2015 and is based in Fort Worth, Texas.


Deal Context for Buyer #
Overall 1 of 2
Sector: Oil/Gas Exploration 1 of 2
Type: Divestiture 1 of 2
State: Texas 1 of 2
Country: United States 1 of 2
Year: 2019 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Hatch Royalty - Permian Basin

Austin, Texas, United States

Hatch Royalty's Permian Basin includes mineral and royalty interests based in Austin, Texas.

Buy $290M

Seller Profile 1

SELLER

Buckhorn Resources GP

Houston, Texas, United States

Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

Buckhorn Resources GP LLC is an active acquirer of mineral and royalty interests on behalf of institutional investors, family offices and high-net-worth individuals. Buckhorn Resources GP LLC was established in 2012 and is based in Houston, Texas.


Deal Context for Seller #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
Size (of disclosed) 1 of 1