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Kimbell Royalty Partners ( (KRP) ) has shared an update.
Kimbell Royalty Partners announced a $231 million acquisition of oil and gas mineral and royalty interests from Boren Minerals in the Permian Basin. This acquisition is expected to enhance Kimbell’s production capacity by approximately 8%, reduce general and administrative expenses, and increase its inventory of drilled but uncompleted wells and undrilled locations, reinforcing its position as a key player in the U.S. oil and gas royalty sector.
More about Kimbell Royalty Partners
Kimbell Royalty Partners, LP is a leading owner of oil and gas mineral and royalty interests, operating across approximately 17 million gross acres in 28 states. The company is focused on acquiring and managing mineral and royalty interests with a significant presence in the Permian Basin, a key area for oil and natural gas production in the United States.
YTD Price Performance: -1.28%
Average Trading Volume: 491,488
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.78B
Learn more about KRP stock on TipRanks’ Stock Analysis page.
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