One-Page Deal Sheet
Springbok Sells Mineral Interests to Kimbell for $175MM; Multiple Plays
Kimbell Royalty Partners LP Springbok Energy
Announced Date
January 09,2020
Effective Date
October 01,2019
Close Date
April 17,2020
Transaction Type
Mineral Rights
Enterprise Value (EV)($MM)
175
Asset/Basin:
["Delaware Basin", "DJ Basin", "Haynesville", "STACK", "Eagle Ford Shale"]
TargetZones:
[]
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex,Gulf Coast - South Texas,Permian - Delaware Basin,Mid-Continent - Anadarko Basin,Rockies - DJ Basin
Country
United States
State
Texas
County
Reeves ,Pecos ,Loving
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Require Private Equity Subscription
Kimbell Royalty Partners, LP has agreed to acquire the mineral and royalty interests held by Dallas-based Springbok Energy Partners I & II LLC in a deal valued at approximately $175 million.
The minerals span several plays but the primary asset is in the Delaware Basin. The additional acreage is also concentrated in the DJ Basin, Haynesville, STACK and Eagle Ford Shale.
The purchase price is comprised of:
$95 million in cash (54% of purchase price) ~2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC, which are valued at $80 mill…| Date | Deal Headline | Price | $/acre |
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