Kimbell Royalty Partners completed the acquisition of the mineral and royalty interest of Hatch Royalty for $290m.

Kimbell Royalty Partners, an owner of oil and gas mineral and royalty interests, completed the acquisition of the mineral and royalty interest of Hatch Royalty, an acquirer and manager of oil and gas minerals and royalties, for $290m. "Providing our unitholders with exposure to the top-tier Delaware Basin, the purchase of the acquired assets represents Kimbell's largest transaction since 2018. This acquisition uniquely fits Kimbell's acquisition strategy with an optimal balance of currently accretive cashflow combined with significant remaining proven drilling inventory. We have known and respected James Murchison for over a decade and the Hatch team has clearly demonstrated a skilled investment approach. We would like to thank the Hatch and Kimbell teams, and advisors, for working diligently to consummate this mutually beneficial transaction," Bob Ravnaas, Kimbell Chairman and CEO.