Kimbell Royalty Partners will acquire mineral and royalty interests in the Permian Basin from Mesa Royalties for $147 million, including $44 million in cash. The assets are expected to produce 1,390 boed over the next 12 months and include over 2,300 producing wells and 600 undeveloped locations across 711 net royalty acres. The transaction is expected to close in the second quarter.
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