Permian Presence As Ft. Worth’s Kimbell Lands Haymaker

June 4, 2018

 

Ft. Worth’s Kimbell Royalty Partners says it has an agreement to buy some royalty and mineral interests from a Houston company.

The interests totaling about $404 million in cash ($210 million) and shares (10 million) are being purchased from Haymaker Resources and Haymaker Minerals and Royalties.

The deal will give Haymaker’s sponsors, Kayne Anderson Capital Advisors and KKR joint ownership along with Haymaker management an approximately 37% interest in outstanding Kimball shares once the acquisition is complete.

Kimball Royalty Partners said the deal firmly establishes its presence in the Permian Basin.