Kelly Hart & Hallman LLP advised Kimbell Royalty Partners, LP and Kimbell Royalty Operating, LLC (together, “Kimbell”) in their agreement to acquire all membership interests of Cherry Creek Minerals, LLC (the “Acquired Company”), an entity controlled by Denver-based LongPoint Minerals. The Acquired Company holds substantial mineral and royalty interest assets across the SCOOP/STACK region of Oklahoma and the Permian Basin of West Texas.
This strategic acquisition, valued at $455 million, is expected to close in September 2023, subject to customary closing conditions.
The transaction represents a significant step for Kimbell Royalty Partners, expanding their portfolio in key regions with considerable resource potential. With this acquisition, Kimbell positions itself to enhance its presence and capabilities in the lucrative mineral and royalty sector.
For more detailed information, please refer to the official press release accessible here:
Kelly Hart’s team, was led by partner Drew Neal, and included partner Drew Neill, associate Mason Smith, and paralegal Dana Law.