Kimbell Royalty Partners, LP (NYSE:KRP) was founded in 2013 and is headquartered in Fort Worth, Texas. It is a Delaware limited partnership that owns and acquires minerals and concessions of oil and gas properties throughout the United States.
Kimbell Royalty Partners (KRP):
Kimbell Royalty Partners, LP acquires and owns minerals and royalties in U.S. oil and gas assets.
As of December 31, 2019, Kimbell Royalty Partners owns approximately 8.9 million acres of total land for minerals and royalties, and owns approximately 4.6 million acres of total land for major royalties. Its minerals and royalties are distributed in 28 states, and it owns approximately 94,000 production wells, including approximately 40,000 wells in the Permian Basin.
Kimbell Royalty GP, LLC is the company’s general partner.
Kimbell Royalty Partners (KRP) investment:
Kimbell Royalty Partners, LP (NYSE: KRP) listed on the New York Stock Exchange on 2/3/2017 IPO, issued US$18, issued 5 million shares, raised US$90 million, stock code: KRP.