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Falcon Oil & Gas Ltd - Proposed Fundraising and grant of ORRIs to raise gross proceeds of approximately $8 5 million (£6 8 million) | Company Announcement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Kimbell Royalty Partners, a leading owner of oil and gas mineral and royalty interests in approx. 16 million gross acres in 28 states, has agreed to acquire mineral and royalty interests from MB Minerals, a subsidiary of Sabalo Holdings, (a portfolio company of EnCap Investments), in a cash and unit transaction valued at approx. $143.1 million.
Kimbell Royalty Partners to acquire mineral and royalty interests from MB Minerals in $143.1M cash and unit deal. The acquisition is expected to close in Q2 2023, with asset highlights including over 300 total producing wells and a significant development activity across acreage providing line of sight to substantial near-term production.
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