Kimbell Royalty Partners, LP’s $107.8 Million Drop Down of Oil and Gas Royalty Assets


Evercore Group L.L.C. acted as financial advisor to the Conflicts Committee in connection with the Drop Down. Potter Anderson & Corroon LLP acted as legal advisor to the Conflicts Committee. Baker Botts L.L.P. acted as legal advisor to Kimbell Royalty Partners in connection with the Drop Down. UBS Investment Bank acted as financial advisor and Mayer Brown LLP acted as legal advisor to the sellers in the Drop Down.

Kimbell Royalty Partners, LP (NYSE: KRP) , a leading owner of oil and natural gas mineral and royalty interests across 28 states, today announced the purchase of certain oil and gas royalty assets from certain affiliated sellers for approximately $107.8 million.

The Drop Down was approved by the Conflicts Committee of the Board of Directors of Kimbell Royalty Partners’ general partner (the “Conflicts Committee”) and the Board of Directors of Kimbell Royalty Partners’ general partner on November 20, 2018.

Baker Botts advised with a team including Jason Rocha (Picture), Joshua Davidson, Eileen Boyce, Michael P. Bresson, Jennifer Gasser, T. Chuck Campbell, Erin Hopkins, Taylor Christian López and Katie McEvilly

Involved fees earner: Jason Rocha – Baker Botts; Joshua Davidson – Baker Botts; Eileen Boyce – Baker Botts; Jennifer Gasser – Baker Botts; Michael Bresson – Baker Botts; Chuck Campbell – Baker Botts; Katie McEvilly – Baker Botts; Erin Hopkins – Baker Botts; Taylor Christian López – Baker Botts;

Law Firms: Baker Botts;

Clients: Kimbell Royalty Partners LP;