KRP Profile
Kimbell Royalty Partners, LP, along with its subsidiaries, specializes in acquiring and managing mineral and royalty interests associated with oil and natural gas properties throughout the United States. The company boasts a substantial portfolio, holding mineral and royalty interests across approximately 11.4 million gross acres and overseeing royalty interests on around 4.7 million gross acres. This extensive footprint underscores Kimbell's significant presence in the energy sector.
As of the end of 2021, Kimbell Royalty Partners' assets span across 28 states, with ownership extending to roughly 122,000 gross wells. Notably, about 46,000 of these wells are situated in the prolific Permian Basin, highlighting the company's strategic focus on high-value, resource-rich regions. This concentration in key areas positions Kimbell to benefit from the substantial production and revenue potential of these significant oil and gas reserves.
The company's operational model involves serving as the general partner, a role that entails overseeing the management and strategic direction of its royalty and mineral interests. This structure allows Kimbell Royalty Partners to actively participate in the governance and optimization of its assets, ensuring effective stewardship and alignment with industry best practices.
Founded in 2013 and headquartered in Fort Worth, Texas, Kimbell Royalty Partners has rapidly established itself as a prominent player in the mineral and royalty acquisition sector. The company's growth and success are driven by its strategic asset acquisitions, extensive geographic coverage, and focus on high-impact oil and gas fields. Through its robust portfolio and strategic management, Kimbell continues to capitalize on opportunities in the energy market, contributing to its strong position in the industry.
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