Each one in plain English, with the numbers worked through for a shareholder.
17 July 2026capital raising announcement● NeutralMajor
Kimbell agreed to a second related-party dropdown from the same insiders as its 2018 deal -- Rivercrest Capital Partners (now including a second fund, Rivercrest Capital Partners II) and Cupola Royalty Direct -- paying about $75 million cash plus 9.5 million OpCo/Class B units, and also buying out the remaining minority partnership interests in OGM Partners I and RCPTX Ltd. that Kimbell didn't already own -- consolidating full ownership of joint vehicles apparently shared with these same insiders since at least 2018.
Kimbell agreed to buy Permian Basin mineral and royalty interests across 14 Texas and New Mexico counties from the Mesa Visa Royalties group for about $44 million cash plus 6.93 million OpCo/Class B units.
Kimbell replaced its credit facility again -- room to grow to $1.5 billion, a $625 million initial borrowing base, and maturity pushed to December 2030 (with a conditional step-down to May 2030 if the Apollo preferred units are still outstanding and certain liquidity/leverage tests aren't met) -- explicitly tying the credit facility's terms to the Apollo preferred's status.
Kimbell agreed to buy Permian Basin mineral and royalty interests from Boren Minerals for about $231 million, with flexibility to pay all-cash or a mix of $207 million cash plus 1.43 million common units.
Kimbell closed the $455 million LongPoint/Cherry Creek acquisition, funded in large part by selling $325 million of Series A Cumulative Convertible Preferred Units to funds managed by affiliates of Apollo (out of up to $400 million/400,000 units authorized) -- a major new capital partner that also received board representation rights, alongside the July equity raise and revolver borrowings.
Kimbell agreed to buy Cherry Creek Minerals from LongPoint Minerals II for approximately $455 million cash -- by far its largest transaction to date, more than tripling the size of the Hatch deal.
Kimbell amended its new credit facility to loosen excess-cash-sweep terms and, notably, to permit issuing preferred equity -- laying the groundwork for the Apollo preferred financing signed a week later.
Kimbell replaced its credit facility with a new Amended and Restated Credit Agreement -- room to grow to $750 million, an initial $400 million borrowing base, and maturity pushed to June 2027 -- reflecting the partnership's growing scale after Hatch.
Kimbell agreed to buy Howard and Borden County, Texas mineral interests from MB Minerals and several individual sellers for about $48.8 million cash plus roughly 5.9 million units combined.
15 Dec 2022asset acquisition disposition▲ GoodMajor
Closed the Hatch Royalty acquisition at about $270.7 million - $150.4 million cash and 7,272,821 units valued at $120.3 million - adding Permian Basin mineral and royalty interests producing roughly 2,072 barrels of oil equivalent a day, and signed registration rights covering the units issued to Hatch.
Kimbell raised about $100.7 million net selling 6 million common units at $17.75 -- its highest unit price yet -- to help fund the Hatch acquisition's cash portion.
Kimbell agreed to buy Permian Basin mineral and royalty interests (Martin, Loving, Reeves, Winkler, Ward, Pecos and Culberson counties, TX, plus Lea and Eddy counties, NM) from Hatch Royalty LLC for about $150 million cash plus 7.27 million OpCo/Class B units -- its largest deal since Haymaker.
Kimbell's credit facility grew again to $300 million and transitioned its interest-rate benchmark from LIBOR to SOFR, following the industry-wide rate reform.
7 Dec 2021asset acquisition disposition▲ GoodMajor
Kimbell closed a $57 million all-cash Caritas Royalty Fund acquisition -- an arm's-length deal with no prior relationship to Kimbell -- and simultaneously redeemed the entirety of its outstanding Series A Cumulative Convertible Preferred Units (25,000 units), clearing that earlier preferred layer before later re-entering preferred financing with Apollo in 2023.
Kimbell amended its credit facility again -- commitments up to $265 million, maturity pushed to June 2024, and Citibank replacing Frost Bank as administrative agent -- refinancing during the pandemic-era oil downturn.
Kimbell closed the Springbok acquisition: about $95.0 million cash plus 2,224,358 common units (to Silver Spur Resources and SEP I Holdings) and 2,497,134 OpCo/Class B units (to the Springbok II seller).
Kimbell conducted a combined primary/secondary offering of 5 million common units (plus a 750,000-unit over-allotment) at $15.50 -- KKR's Haymaker entities (EIGF Aggregator, TE Drilling Aggregator) sold down part of their stake alongside new units sold by the partnership, netting about $73.3 million to help fund the pending Springbok acquisition.
Kimbell agreed to acquire the Springbok Energy Partners I and II portfolios (NGP-backed) for about $95 million cash plus roughly 4.7 million units combined -- another sizable acquisition continuing its serial-consolidator strategy.
Kimbell closed the Buckhorn acquisition, issuing fewer units than originally agreed (2,169,348 vs. the signed 2,207,880) but at a higher valuation (about $36.3 million vs. $31.8 million) after price adjustments.
Kimbell expanded its revolving credit facility to $225 million, adding Independent Bank as a new $20 million lender, and had its borrowing base raised to $300 million at the scheduled redetermination -- more capacity to keep funding acquisitions.
26 Mar 2019asset acquisition disposition● NeutralMajor
Kimbell closed the Phillips (PEP I/II/III) acquisition and consolidated its various registration rights agreements -- covering the Haymaker/KKR, Apollo, Rivercrest, Kimbell Art Foundation and Cupola unitholders -- into a single amended and restated agreement, formalizing the growing roster of insider and PE-backed owners (Apollo affiliates appear here as an existing party, predating their larger 2023 preferred investment).
12 Feb 2019capital raising announcement▲ GoodMajor
Kimbell agreed to acquire mineral and royalty interests from three EnCap-affiliated Phillips entities (PEP I/II/III Holdings) for 9.4 million OpCo/Class B units -- introducing EnCap Energy Capital as a major future unitholder.
