News Releases

Baker Botts Represents Kimbell Royalty Partners, LP in First MLP Initial Public Offering of 2017


Deal Description: On February 3, 2017 - Kimbell Royalty Partners, LP, a limited partnership that owns oil and natural gas mineral and royalty interests across twenty states, announced the pricing of its initial public offering of 5,000,000 common units representing limited partner interests at $18.00 per common unit. The common units began trading on the New York Stock Exchange today under the ticker symbol “KRP.”  The offering is expected to close on or about February 8, 2017, subject to customary closing conditions.

The underwriters of the offering have a 30-day option to purchase up to an additional 750,000 common units from Kimbell Royalty Partners. At the closing of this offering, the public will own a 30.6 percent limited partner interest in Kimbell Royalty Partners, or a 35.2 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Certain parties who are contributing oil and natural gas mineral and royalty interests at the closing of the offering will collectively own the remaining limited partner interests in Kimbell Royalty Partners.

Kimbell Royalty Partners is an oil and gas mineral and royalty variable pay master limited partnership based in Fort Worth, Texas. Kimbell Royalty Partners owns mineral and royalty interests in approximately 4.5 million gross acres across the continental United States, including ownership in more than 48,000 gross producing wells.

Baker Botts is representing Kimbell Royalty Partners, LP in the transaction.

Baker Botts Lawyers/Office Involved:

Josh Davidson (Partner, Houston); Jason Rocha (Partner, Houston); Clint Rancher (Partner, Houston); Shalla Prichard (Partner, Houston); Eileen Boyce (Associate, Houston); Chad Davis (Associate, Houston); Lakshmi Ramanathan (Associate, Houston); Samantha Blons (Associate, Houston); Jennifer Gasser (Associate, Houston); Mike Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); David Morris (Associate, Houston); Thor Fielland (Associate, Houston); Brian Finch (Associate, Houston); Alia Heintz (Associate, Houston).

For more information, please see Client’s news release by clicking here.


Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit


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