Kimbell, an oil and gas mineral and royalty variable rate master limited partnership, completed the acquisition of mineral and royalty interests from Cherry Creek Minerals, a company that focused specifically on the acquisition of mineral interests, for $455m. "The Acquisition represents the largest transaction in company history, and is expected to significantly enhance Kimbell's positions in the best-performing, highest-growth oil and gas basins in the Lower 48. The targeted portfolio of mineral and royalty interests complements our disciplined approach to M&A, combining excellent reservoir quality, near-term cash flow and long-term production growth. We expect the Acquisition to be immediately accretive to distributable cash flow per unit, with accelerated accretion anticipated in future years, and look forward to continuing our role as a major consolidator in the oil and natural gas royalty sector. Thanks to the Kimbell team, and our advisors, for their remarkable work on this transaction," Bob Ravnaas, Kimbell Chairman and CEO.